President JD Vance said the gravy train for the alleged fraudsters is over and that they will just have to get jobs.
By Catholics for Catholics
President JD Vance revealed Monday that about 870,000 alleged fraudsters will be perpetually disqualified from getting small business loans, after stealing tens of billions of dollars from COVID-era procedures.
Vance announced that the swindlers took from the Small Business Administration’s Paycheck Protection Program and Economic Injury Disaster Loan Program — possibly earning as much as $39 billion, according to a story by Florida’s Voice.
“As it happens with so many of the programs that are born out of the generosity of the American taxpayer, we had many, many people who took advantage of those programs, people who decided to steal from the American taxpayer, steal money that was supposed to go to small businesses and American workers as well,” Vance said in his latest fraud crackdown effort.
“If you screw the American taxpayer, the government is now gonna say you’re cut off — no more.”
The announcement was made at an event for the vice president’s fraud task force in Kansas City, where he was joined by Federal Trade Commission Chair Andrew Ferguson, Attorney General Todd Blanche, FBI Director Kash Patel and Small Business Administration Administrator Kelly Loeffler. Organizing officials termed the effort as part of “Operation Heartland Surge,” a summer enforcement push targeting suspected fraud in the Paycheck Protection Program and the COVID-19 Economic Injury Disaster Loan program.
.@VP announces the permanent suspension of some 870,000 individuals tied to millions of dollars in fraud from ever being able to obtain federal loans.
— Rapid Response 47 (@RapidResponse47) September 14, 2026
"If you screwed the American taxpayer, the federal government is now going to say you're cut off. No more." pic.twitter.com/1KnXOnIy5r
“If you’re thinking about defrauding the American taxpayer […] go and get a job instead because this Administration is not going to let you steal from people who we’re supposed to be taking care of in this country,” Vance later added.
The SBA had suspended 870,000 borrowers connected to an estimated $39 billion in taxpayer money across 45 states and territories. She called it the agency’s largest fraud-enforcement action to date.
“As part of Operation Heartland Surge, the SBA is announcing our largest fraud enforcement to date. As of today, we have suspended 870,000 SBA borrowers […] it’s tied to an estimated $39 billion of taxpayer money across 45 states and territories,” Loeffler said.
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