Thursday, 16 April 2020

Small Business Emergency Relief Program Hits $349 Billion Cap In Less Than 2 Weeks

quote [ The $349 billion Paycheck Protection Program to boost small businesses during the coronavirus economic crisis has run out of money.

"The SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding," a Small Business Administration spokesperson said in an emailed statement Thursday. "Similarly, we are unable to enroll new PPP lenders at this time." ]

I wonder where that money actually went...we should ask the inspector general...oh, wait...
[SFW] [business] [+2]
[by knumbknutz@3:51pmGMT]

Comments

Jack Blue said @ 4:34am GMT on 17th Apr
You'll have to explain the inspector general thing for me, I'm afraid.
milkman666 said @ 11:44pm GMT on 18th Apr
https://www.theguardian.com/us-news/2020/apr/12/trump-inspector-general-purge-watchdogs

The president has a habit of firing non partisan watchdogs.
spaceloaf said @ 6:32am GMT on 17th Apr
How shocking. It turns out trickle-down economics doesn't work for emergency relief funds either. Our government is such crap, both parties. I basically have zero faith at this point.
mechavolt said @ 12:40am GMT on 19th Apr
Both parties are owned by corporate interests. One gets the populace to vote for them by promising incremental social progress. The other by scaremongering xenophobia and religion.
steele said @ 3:39am GMT on 19th Apr
promising incremental social progress

Eh...


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