Friday, December 16, 2022

More on the $800 billion Paycheck Protection Program (PPP) government waste, fraud, and abuse

This was not one of President Trump's greatest achievements! PPP was a gigantic government boondoggle for no good reason!

Just two examples:
"Our auditors found that big law and accounting firms received $1.4 billion in forgiven Paycheck Protection Program (PPP) loans. These firms showed little or no financial need. Our findings proved that many of these firms had record revenues and their profits per equity partner were in the millions of dollars. 

Then, there's the newspapers...
We found that 767 newspapers across the country received nearly $600 million
The largest forgiven PPP loan to a newspaper was received by the Seattle Times. $11.9 million!
How can a newspaper maintain its independence and hold government accountable, if the paper is funded by government? ..."

Newsweek: PPP Waste And Taxpayer Abuse

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