How Much Taxpayer's Money Was Wasted During The Covid-19 Crisis?

 I really wonder how much of Connecticut Taxpayers' money was wasted during the Covid-19 crisis?  According to the covidmoneytracker.org website a mere $11 trillion dollars has been spent in various programs, loans, grants, direct aid and other programs to apparently save the country from this man-made virus.  I will point out immediately that America's National Debt is now well over $31 trillion dollars with no plan whatsoever forthcoming  to address it and or pay it down on the future.  Our National Debt at this time is at its highest level ever in nation's history and plays a role in the recessionary/inflationary economic nightmare of an energy crisis, runaway inflation, an open border crisis, an illegal drug crisis and unchecked crime that we live in from day to day.  Depending on how it is both reported and analyzed, Connecticut's short and long term debt along with its unfunded liabilities is between $100 and $150 billion dollars, and that is only the part that is not hidden from view. 

It is difficult to understand what America received for that $11 trillion dollars of Taxpayer's monies spent.  It is more difficult to understand how much Connecticut got and where it was spent in the state.  These facts and figures are difficult to find and understand from an economics viewpoint.  We do know that if states continue to declare "states of emergency" due to the Covid-19 crisis, they continue to receive financial support for certain programs as of today even though there is no more pandemic.  Connecticut initially received over $1.3 billion dollars in federal Taxpayer monies in 2020 for various relief programs.  Connecticut received funding from the CARES Act, and a host of other catchy named programs to offset the incredible economic damage that was forced upon the state during the pandemic by Connecticut's Ned Lamont's Democrat led state government/Kingdom.  Lamont's continual emergency powers granted to him by a non operational state legislature allowed for a steady stream of funding to go into the state while the state's economic productivity, viability and work force sat idle.  But where did all that money go?

Connecticut lost many businesses during the pandemic.  They shut down never to open again as many businesses that were deemed "non essential" by Ned Lamont (and/or his highly paid consulting group lackeys) were closed.  What was "essential" was the continuous operations of Ned Lamont's family hedge fund and several of their holdings especially Sema4.  One company that should have been investigated and still to this day needs to be investigated is Sema4.  This company received a 2% "sweetheart" state loan and funding. Recapping again what happened, $45,150,000 is what Sema4 has been able to obtain with little to no oversight in Covid-19 and Genomics testing from the State of Connecticut.  Further, there are loans and unknown billings and payments that in many cases continue not to be reconciled nor disclosed as of today. To date, Connecticut State-run media has never reported there was a Third Amendment to a state support agreement signed on April 14, 2021, between the State, the Connecticut Department of Economic and Community Development and Mount Sinai Genomics/Sema4 amending the original support agreement made between these parties back in 2018.  In the 2018 original agreement, Mount Sinai Genomics guaranteed payment of $9.5 million of the $15,000,000 state-funded loan to Sema4.  However, this Third Amendment releases Mount Sinai Genomics from the loan and its guarantee, leaving faltering Sema4 to pay its own debts, and if that does not work, the loan then becomes a casualty to taxpayers.   Sema4 shut down operations in the state and is on the verge of bankruptcy with its nearly worthless stock.  We still do not know how much in profits did Lamont and family gain off this deal and their dealings with the state.  We know that Connecticut taxpayers will foot the bill for this deal in the future.  My good friend Tony De Angelo on his weekly segment on the Lee Elci radio show on 94.9 WJJF New London, CT has been talking about these payments for over two years now and I have written about them on several occasions. Mr. De Angelo this past week stated there needs to be a complete audit of where this money went and where did all the pandemic funding go to.  I agree.  However, we do know one Democrat slightly fallen from grace is former State Representative Michael DiMassa who pleaded guilty to stealing $1.2 million dollars of Covid-19 relief funds from the Democrat-led city of West Haven.  How many more cases are still out there waiting to be uncovered in terms of theft of Covid-19 relief funds?  I guess Taxpayers do not really need to know.

I personally hate to see government at any level rip off Taxpayers.  However it seems to be happening on a daily basis.  To see the absolute destruction of state economies such as Connecticut due to their draconian and incoherent decrees in the name of saving lives due to Covid-19 is sickening.  We can look back since March, 2020 and see a ridiculous and frightening abuse of governmental power that profited some well connected elitists in our economy while bankrupting many hard working Americans.  Those who were most vulnerable to Covid-19 were discarded and made to die a lonely death in isolation from their loved ones, treated as some sort of social leper.  And we really need to know how much Taxpayer's monies were wasted in this man-made, abuse of governmental power, profit-mad crisis called the pandemic?  Our questions still do not get answered by "our" government as we continue our journey daily back to 1776.