Blues Man
Diamond Member
- Aug 28, 2016
- 35,513
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yeah the SBA is charging 3.75% on money the government will give than for nothing and when the Fed has the interest rate at 0We have to pass the bill to find out what's in it.
2 trillion is a lot of money. Yes, some of it will be paid back, but I'm sure more than half won't. That means we instantly added to our debt by over a trillion dollars. So far, all I read is how Democrats got some of their goodies, including no money to Trump owned companies, and companies associated with members of Congress. Also, no pay increases for CEO's. If that's all the Democrats got, then I'm okay with it.
That’s only part of it, based on reporting.
Dems we’re negotiating for far more oversight on the Treasury's authority to dole out the money which they got with an IG and oversight board. How anyone would object to an oversight board on a half trillion dollar chunk of cash is beyond me but apparently that was something Republicans has to compromise on.
But yeah, the details are quite opaque.
If it was a bailout, I wouldn't have a problem with that. But these are loans. Loans are paid back with interest. So what difference would it make how they spend the money?
Sounds like price gouging to me