SkisNH Posted August 23, 2022 Share Posted August 23, 2022 4 minutes ago, snoughnut said: I agree 100% but then why were the PPP loans forgiven? Especially when most of those businesses didn't even need it in the first place. It's amazing how incompetent our govt. is. Ppp were not sold as loans...they were sold as free money from the start. FYI I didn't take it....yet I should have. I would consider it a tax refund. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted August 23, 2022 Platinum Contributing Member Share Posted August 23, 2022 8 minutes ago, SkisNH said: Ppp were not sold as loans...they were sold as free money from the start. FYI I didn't take it....yet I should have. I would consider it a tax refund. same 1 Quote Link to comment Share on other sites More sharing options...
snoughnut Posted August 23, 2022 Share Posted August 23, 2022 29 minutes ago, SkisNH said: Ppp were not sold as loans...they were sold as free money from the start. FYI I didn't take it....yet I should have. I would consider it a tax refund. I don't think so, they were loans right from the get go and that's why most people hesitated and said no, myself included. I wouldn't call it a tax refund because then every business who didn't take it has it coming also. I didn't take it either, apparently some of us still have morals. The Paycheck Protection Program (PPP), enacted as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), provided small businesses with approximately $800 billion in low-interest uncollateralized loans from April 3, 2020, through May 31, 2021. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted August 23, 2022 Share Posted August 23, 2022 4 minutes ago, snoughnut said: I don't think so, they were loans right from the get go and that's why most people hesitated and said no, myself included. I wouldn't call it a tax refund because then every business who didn't take it has it coming also. I didn't take it either, apparently some of us still have morals. The Paycheck Protection Program (PPP), enacted as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), provided small businesses with approximately $800 billion in low-interest uncollateralized loans from April 3, 2020, through May 31, 2021. Small Business Administration MENU Back to all topics PPP loan forgiveness Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Content First Draw PPP Loan forgiveness terms Second Draw PPP Loan forgiveness terms How and when to apply for loan forgiveness Forgiveness forms and instructions Information about PPP loan forgiveness in other languages First Draw PPP Loan forgiveness terms First Draw PPP loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement: Employee and compensation levels are maintained, The loan proceeds are spent on payroll costs and other eligible expenses, and At least 60% of the proceeds are spent on payroll costs. Second Draw PPP Loan forgiveness terms Second Draw PPP loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement: Employee and compensation levels are maintained in the same manner as required for the First Draw PPP loan, The loan proceeds are spent on payroll costs and other eligible expenses, and At least 60% of the proceeds are spent on payroll costs. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted August 23, 2022 Share Posted August 23, 2022 Just like planned parenthood...the govt money can't go to abortions 🤣 It was sold as free money. Period Quote Link to comment Share on other sites More sharing options...
snoughnut Posted August 23, 2022 Share Posted August 23, 2022 16 minutes ago, SkisNH said: Just like planned parenthood...the govt money can't go to abortions 🤣 It was sold as free money. Period No, if it were sold as free money people would have treated it like the individual stimulus and taken the money. The fact that they were sold as loans made people like you and I skeptical and ultimately having to pay it back even though it would have been at a low interest rate. They were sold as loans from the get go and then later forgiven. The program started in April of 2020, the loans did not actually start to be forgiven until October of 2020. Quote Link to comment Share on other sites More sharing options...
Turf Posted August 23, 2022 Share Posted August 23, 2022 I did take the ppp loan but I gave half to my employees. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 23, 2022 Share Posted August 23, 2022 A fucking grift to the useless universities promoting gender studies that will only add to inflation. Fucking morons. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted August 24, 2022 Share Posted August 24, 2022 32 minutes ago, snoughnut said: No, if it were sold as free money people would have treated it like the individual stimulus and taken the money. The fact that they were sold as loans made people like you and I skeptical and ultimately having to pay it back even though it would have been at a low interest rate. They were sold as loans from the get go and then later forgiven. The program started in April of 2020, the loans did not actually start to be forgiven until October of 2020. My banker told me it was free money and I didn't take it....stupid me. Quote Link to comment Share on other sites More sharing options...
Edmo Posted August 24, 2022 Share Posted August 24, 2022 2 hours ago, Kivalo said: Can you tell us what a woman is? Yes, but I wouldn’t want to offend anyone. Trump had a pretty good method, just grab their pussy. Works for me but I’m not a billionaire so I’d probably just get slapped. Quote Link to comment Share on other sites More sharing options...
SkisNH Posted August 24, 2022 Share Posted August 24, 2022 33 minutes ago, snoughnut said: No, if it were sold as free money people would have treated it like the individual stimulus and taken the money. The fact that they were sold as loans made people like you and I skeptical and ultimately having to pay it back even though it would have been at a low interest rate. They were sold as loans from the get go and then later forgiven. The program started in April of 2020, the loans did not actually start to be forgiven until October of 2020. They were sold as free money as long as it was spent on payroll rent etc... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted August 24, 2022 Platinum Contributing Member Share Posted August 24, 2022 Pelosi said last year the President can't cancel debt just delay it. Quote Link to comment Share on other sites More sharing options...
Doomxz600 Posted August 24, 2022 Share Posted August 24, 2022 (edited) 18 hours ago, SkisNH said: Small Business Administration MENU Back to all topics PPP loan forgiveness Borrowers may be eligible for Paycheck Protection Program (PPP) loan forgiveness. Content First Draw PPP Loan forgiveness terms Second Draw PPP Loan forgiveness terms How and when to apply for loan forgiveness Forgiveness forms and instructions Information about PPP loan forgiveness in other languages First Draw PPP Loan forgiveness terms First Draw PPP loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement: Employee and compensation levels are maintained, The loan proceeds are spent on payroll costs and other eligible expenses, and At least 60% of the proceeds are spent on payroll costs. Second Draw PPP Loan forgiveness terms Second Draw PPP loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement: Employee and compensation levels are maintained in the same manner as required for the First Draw PPP loan, The loan proceeds are spent on payroll costs and other eligible expenses, and At least 60% of the proceeds are spent on payroll costs. How about the guy who owns a food truck getting about a million and then investing in the stock market. They caught him and stuck him in jail but how exactly does a roach coach get that kind of money. Edited August 24, 2022 by Doomxz600 Quote Link to comment Share on other sites More sharing options...
racer254 Posted August 24, 2022 Author Share Posted August 24, 2022 15 hours ago, ArcticCrusher said: A fucking grift to the useless universities promoting gender studies that will only add to inflation. Fucking morons. But lets all remember, social security is going bankrupt. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 24, 2022 Share Posted August 24, 2022 Vote purchasing 101 How's it fair to people that DID pay? Again, how many people that have been paying the bare minimum on their student loans have also purchased a home, new car and have credit card debt up the wazoo? I understand there are some that have gotten fucked over, but not all. No empathy from me for those who attended Trump University though. Quote Link to comment Share on other sites More sharing options...
Crnr2Crnr Posted August 24, 2022 Share Posted August 24, 2022 15 minutes ago, racer254 said: But lets all remember, social security is going bankrupt. Fuck us, they got theirs... Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted August 24, 2022 Share Posted August 24, 2022 On 8/23/2022 at 1:26 PM, snoughnut said: If you believe these 2 words exist, you're an idiot. The taxpayer/consumer will pay for it in either increased taxes/inflation. if i don't take it someone else will. foolish when you know the system is that way to not take full advantage. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 24, 2022 Share Posted August 24, 2022 Woops…… Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 25, 2022 Share Posted August 25, 2022 45 minutes ago, Mainecat said: Woops…… Did you do the Dems? Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 25, 2022 Share Posted August 25, 2022 7 minutes ago, ArcticCrusher said: Did you do the Dems? The Dems are not complaining and voted for the bill. Quote Link to comment Share on other sites More sharing options...
XCR1250 Posted August 25, 2022 Share Posted August 25, 2022 Flashback: Nancy Pelosi Said President Lacks Authority to ‘Forgive’ Student Debt Diana Glebova Wed, August 24, 2022 at 1:07 PM In this article: Nancy Pelosi Speaker of the United States House of Representatives Joe Biden President of the United States since 2021 In July of 2021, House Speaker Nancy Pelosi said President Joe Biden does not have the executive authority to issue “debt forgiveness,” arguing that such action would be illegal and that it has “to be an act of Congress.” “People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress,” Pelosi said July 28 at a press conference. “The President can’t do it. So that’s not even a discussion. Not everybody realizes that. But the President can only postpone, delay, but not forgive,” she added. She also mentioned how voters would be mad about student loan “forgiveness,”appearing to question whether such a policy would be “fair.” Pelosi mentioned a scenario where “your child just decided they want to – at this time, not want to go to college, but you’re paying taxes to forgive somebody else’s obligations.” The Department of Education agreed with Pelosi, arguing in a 2021 memo that the executive branch “does not have the statutory authority to cancel, compromise, discharge, or forgive, on a blanket or mass basis, principal balances of student loans, and/or to materially modify the repayment amounts or terms thereof.” Despite Pelosi’s remarks, Biden issued an order Wednesday “forgiving” up to $10,000 in federal student debt for individuals making under $125,000 annually and households making under $250,000, as well as relieving $20,000 in debt for Pell grant recipients. His decision marks the biggest loan “cancellation” program in history, and comes months before the midterms. Asked Tuesday about reports that the announcement would be forthcoming, Pelosi appeared to welcome the news, though she acknowledged that it was unclear where Biden derived the authority for it. “Well, we’re excited about the president, because we didn’t know what — what authority the president had to do this. And now clearly, it seems he has the authority to do this: $10,000 for those … making under $125,000 a year.” Pelosi’s office did not immediately respond to an inquiry from National Review, asking if she still stood by those comments. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 25, 2022 Share Posted August 25, 2022 (edited) 20 minutes ago, ArcticCrusher said: Edited August 25, 2022 by ArcticCrusher Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 25, 2022 Share Posted August 25, 2022 12 minutes ago, Mainecat said: The Dems are not complaining and voted for the bill. Why would that not surprise me. Quote Link to comment Share on other sites More sharing options...
Bontz Posted August 25, 2022 Share Posted August 25, 2022 The next "vote purchasing act" will be in the name of reparations ... I wouldn't put it past this shit hole administration one bit to play that card while they continue to print money like it's going out of style. 1 Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted August 25, 2022 Gold Member Share Posted August 25, 2022 5 hours ago, Angry ginger said: if i don't take it someone else will. foolish when you know the system is that way to not take full advantage. Are you pivoting a bit??? I think you are against the “green” movement and against people getting compensation for doing green stuff like EV’s and solar stuff. I may have you confused for someone else… Quote Link to comment Share on other sites More sharing options...
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