nivek
As Above So Below
This economist explains
Can he explain this?...Not only are we being invaded, but our politicians are giving the invaders free money...
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Cash cow Big Apple: NYC's migrant debit cards give illegals up to $10,000 EACH in taxpayer money with no ID check or fraud control and are propped up by inexperienced New Jersey bank
Democrat mayor Eric Adams has claimed the program would start with 500 families and cost $52million. He said it is meant to save money, because it will allow migrants to buy their own food and baby supplies, which officials say will save $600,000 per month and $7.2 million annually. City Hall said it would be saving the money because they are currently throwing up to 5,000 meals a day provided by contractor DocGo. But, in reality, the contract's fine-print leaves the option open for the program to become an open-ended, multi-billion-dollar deal, as reported by The New York Post. The $53million is not the total cost - rather it is only the fee that Mobility Capital Finance (MoCaFi) will receive for its services, as explicitly stated in the contract. City Hall has actually given itself the flexibility to disburse at least $2.5 billion on the pre-paid debit cards over a year. To make matters worse, the city's Housing Preservation & Development also reportedly did not go through the usual competitive bidding process before awarding the job to Mobility Capital Finance (MoCaFi). As the Post notes, the contract for the pilot program says MoCaFi was 'referred to HPD by City Hall.'.