Ppp Ran Out Of Money 2021

Paycheck Protection Program out of money as Nancy Pelosi still demands additional unrelated spending

Bloomberg reporter: "I'm having a tough night. Hearing from small business owners who didn't get PPP and who aren't going to make it, it's just brutal."

Thursday, April 16, 2020 at 06:30pm 36 Comments

A week ago, when it was clear that the $350 billion Payroll Protection Program to help business retain workers would not be sufficient given the demand, Republicans propose a clean unanimous consent authorization to add another $250 billion to the program.

That proposal, however, required unanimous consent, which Democrats in the Senate — working in coordination with House Speaker Nancy Pelosi — refused unless Republicans agreed to an additional $250 billion (bringing the total to $500 billion) of spending unrelated to the Payroll Protection Program. This was the same type of hostage taking Democrats did to delay the original $2 trillion rescue package.

Nance Pelosi thanked Senate Democrats for blocking the Senate funding vote.

Yesterday, Tuesday night, April 14, when it was clear the PPP would run out of money on Wednesday, Pelosi repeated that Democrats would not agree to clean funding unless they got some or all of the additional unrelated spending. Pelosi then went on the Late Late Show to show off her very expensive kitchen and massive refrigerator/freezers packed with expensive ice cream.

Pelosi was so proud of her posh lifestyle while tens of millions of people were thrown out of work and businesses collapsed, she share the Late Late Show clip on Twitter:

We all have found our ways to keep our spirits up during these trying times. Mine just happens to fill up my freezer. #LateLateShow pic.twitter.com/dqA32d5lU1

— Nancy Pelosi (@SpeakerPelosi) April 14, 2020

[Full Late Late Show segment here.]

Today the PPP ran out of money, and stopped taking applications.

One week ago, I warned that the Paycheck Protection Program was running out of money and tried to a pass clean funding bill. Senate Democrats blocked it.

Here we are, a week later, with no progress. This morning, the PPP ran out of money and shut down, just as we'd warned. pic.twitter.com/L8EGPHMfrn

— Leader McConnell (@LeaderMcConnell) April 16, 2020

Thanks to Democrats, this is now the message small business owners will see when they try to apply for help through the Paycheck Protection Program. https://t.co/3ViZ7bfM87 pic.twitter.com/EMjoTrAiI5

— Kevin McCarthy (@GOPLeader) April 16, 2020

Pelosi is not backing down, and insists that the additional funding she demands still needs to be negotiated.

A Bloomberg reporter summed up what she's hearing.

"I'm having a tough night. Hearing from small business owners who didn't get PPP and who aren't going to make it, it's just brutal."

https://twitter.com/meganmurp/status/1250896115093966853

My guess, Republicans will pay off the hostage taker to release the nation from her clutches. Which will ensure she will do it again.

DONATE

Donations tax deductible
to the full extent allowed by law.