Cardin, the top Democrat on the Small Business Committee, asked for unanimous approval of the extension of the Paycheck Protection Program through Aug. 8.Chip Somodevilla | Getty Images
Democrats drove a temporary extension of a popular subsidy program for small businesses through the GOP-controlled Senate late Tuesday, an unexpected development that came as spikes in coronavirus cases in many states are causing renewed shutdowns of bars and other businesses. Cardin, the top Democrat on the Small Business Committee, asked for unanimous approval of the extension of the Paycheck Protection Program through Aug. 8.
Minority lawmakers are hardly ever successful in such attempts, but the pressure swayed Republicans controlling the Senate, who have delayed consideration of a fifth coronavirus relief bill and are preparing to go home for a two-week recess.
Republicans love socialism. They just will never admit it.
Here comes the largest can kicking and stimulus injecting in history! As long as Trump and his coolaid drinkers don’t take the virus seriously, we will be adding $2T in debt every month. Have fun!
Why would a business, with a disrupted revenue stream, take on debt? To pay debt servicing costs, the revenue stream must be in tact and growing.
Unemployment chuck
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