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With massive fraud and misuse of taxpayer money. today, lots of blame to go around in congress here's tom costello. >> reporter: three years after the start of the pandemic, the size and scale of covid-related fraud is staggering congress under president trump and then biden allocated an unprecedented $5 trillion in covid rescue programs to save jobs, keep families fed, and businesses open. but government agencies failed to verify many of the claims. on capitol hill today, even the nation's top watchdog said they don't know how much money was stolen by some estimates, $560 billion gone. >> the...

That's what most experts tell us. and will these extra spending, and this is the 46% increase to what we used to have in terms of how much money people got from the federal government every year, we can't afford to continue that item. we are spending about $560 billion a year servicing our debt. if these become permanent and if interest rates go up, we'll be spending so much more money just servicing the debt we really could go broke potentially. this is a big problem. >> sandra: hopefully a short-term problem, in the word of federal reserve chairman jerome powell, less stimulus could meanless...

For the most part and they're willing to do this. maybe they feel like they should treat themselves and their families. i don't know what it is, but maybe you do. what is it? >> i think we're missing one big factor in inflation, which is printing money. there's so much money supply and stimulus. if you just look at the debt of this country -- i think people are getting numb to it at this point. it's 28 trillion. the fed plans to deal with the inflation. what everybody should be paying attention to is how interest costs will go up. so if you go from today to 2%, which is what they're forecastin...

The president has and calling it i have been calling for major infrastructure investment to spend on improving those ports, airports, roads, highways, and railways and we have a chance to do it with the president's infrastructure bill that i hope will pass very soon. will: looks like it was a bipartisan $1.2 trillion constructs with $560 billion in new money and the president wanting to get it done he could have got it done because it had bipartisan support, got out of the senate, in the house they had 50 yes votes on it but he couldn't control his left and the follow-up question to pete butti...

They could do it through reconciliation or they could actually and i had never heard this plan before. jerry nadler suggested it. they could actually mint a new coin talking about a platinum coin that would raise money that would put -- be put directly into the u.s. treasury that would bail us out for about another 15 minutes. ainsley: continuously on the hamster wheel. run out of money and they create more money. we are spending so much money. that's republicans problem with green plans, green energy investment. social spending program. freer free college for illegal immigrants. your tax also...