To borrow a line from the movie Taken, the U.S. government has a “particular set of skills.” It borrows trillions of dollars and it spends trillions of dollars. Unlike Liam Neeson’s character in Taken, Uncle Sam isn’t particularly good at either of these skills. After state and local governments shuttered businesses and mandated residents...
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At $541 billion, the Paycheck Protection Program (PPP) is the largest component of the federal government’s emergency COVID-19 relief program. That’s an absolutely massive amount of money for politicians and bureaucrats to spend under normal circumstances, much less today’s. If the PPP were a regular discretionary line item expenditure in the federal budget, it...
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By Washington, D.C., standards, the Paycheck Protection Program (PPP) is a success. The program funded over $659 billion of loans to small businesses so they could avoid laying off employees because of state and local lockdown orders. Small businesses that take out PPP loans can also receive a unique bonus: As long as the...
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The Paycheck Protection Program (PPP), part of the $2 trillion Coronavirus Aid, Relief and Economic Security package (CARES), is intended to blunt the economic damage from the current pandemic. As CNBC reports, the payouts include a $5-10 million loan for the Archdiocese of New York, $350,000 to $1 million to the Ayn Rand Institute...
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“Never allow a good crisis go to waste” is not just a mantra for crooked politicians looking to impose their vanity on the people. It is also the motto of the K Street lobbyists who aggressively panhandle Washington, D.C., politicians for scraps of cash to benefit special interests at the taxpayer expense. Politico‘s Theodoric...
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