Trump administration won’t say who got $511 billion in taxpayer Covid-money

Started by joesixpack, June 15, 2020, 05:59:02 PM

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joesixpack

https://www.taxpayer.net/in-the-news/trump-administration-wont-say-who-got-511-billion-in-taxpayer-backed-coronavirus-loans/

Federal officials responsible for spending $660 billion in taxpayer-backed small-business assistance said Wednesday that they will not disclose amounts or recipients of subsidized loans, backtracking on an earlier commitment to release individual loan data.

The Small Business Administration has previously released detailed loan information dating to 1991 for the federal 7(a) program, a long-standing small-business loan program on which the larger Paycheck Protection Program is based.

The SBA initially intended to publish similar information for the new coronavirus-related loans. An SBA spokesman told The Washington Post in an April 16 email that the agency "intend to post individual loan data in accordance with the information presently on the SBA.gov website after the loan process has been completed," and it made a similar commitment in response to an April 17 open records request.

But the administration appeared to change course at a hearing Wednesday before the Senate Committee on Small Business and Entrepreneurship, as Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza declined to discuss specific borrowers.


It's a good thing we're not serious about getting out of debt...otherwise I'd be upset about this
Rules of Engagement

noun: democracy
a system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Reps pre 1912 = mostly Progressive
Dems pre 1928 = mostly Conservative

Solar

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joesixpack

Quote from: Solar on June 15, 2020, 08:07:11 PM
What part of "LOAN" do you not get?

There were many loans given after the 2008 crash and we knew about them. What part of transparency do you not get?

Rules of Engagement

noun: democracy
a system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Reps pre 1912 = mostly Progressive
Dems pre 1928 = mostly Conservative

Solar

Quote from: joesixpack on June 16, 2020, 06:21:17 AM
There were many loans given after the 2008 crash and we knew about them. What part of transparency do you not get?
It was a loan, what do you gain by knowing? The VA gives out loans to home buyers all the time, what difference does it make?
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T Hunt

Quote from: joesixpack on June 15, 2020, 05:59:02 PM
https://www.taxpayer.net/in-the-news/trump-administration-wont-say-who-got-511-billion-in-taxpayer-backed-coronavirus-loans/

Federal officials responsible for spending $660 billion in taxpayer-backed small-business assistance said Wednesday that they will not disclose amounts or recipients of subsidized loans, backtracking on an earlier commitment to release individual loan data.

The Small Business Administration has previously released detailed loan information dating to 1991 for the federal 7(a) program, a long-standing small-business loan program on which the larger Paycheck Protection Program is based.

The SBA initially intended to publish similar information for the new coronavirus-related loans. An SBA spokesman told The Washington Post in an April 16 email that the agency "intend to post individual loan data in accordance with the information presently on the SBA.gov website after the loan process has been completed," and it made a similar commitment in response to an April 17 open records request.

But the administration appeared to change course at a hearing Wednesday before the Senate Committee on Small Business and Entrepreneurship, as Treasury Secretary Steven Mnuchin and SBA Administrator Jovita Carranza declined to discuss specific borrowers.


It's a good thing we're not serious about getting out of debt...otherwise I'd be upset about this

LOL i luv how the libbies think that loaning ppl money is somehow a handout when they claim that literal govt handouts thru welfare are somehow ok. Srry bud, but loans arent handouts, even at 0%. Of course trump is serious about debt, the first step is a roaring economy. You cannot pay it back in a recession.

Oh and as per your little end thing, the switch between parties never happened. Dems have always been racist and part of the past. The right has always been on the right side of history.
"Let's Go Brandon, I agree!"  -Biden

joesixpack

Quote from: Solar on June 16, 2020, 08:04:13 AM
It was a loan, what do you gain by knowing? The VA gives out loans to home buyers all the time, what difference does it make?

Accountability. Transparency. Trust in government. Knowing where our supposed tax dollars are going.

The VA gives you info.

https://www.benefits.va.gov/HOMELOANS/Lender_Statistics.asp

And we got the info after the 2008 crisis

https://www.treasury.gov/initiatives/financial-stability/reports/Pages/TARP-Tracker.aspx#All
Rules of Engagement

noun: democracy
a system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Reps pre 1912 = mostly Progressive
Dems pre 1928 = mostly Conservative

joesixpack

Quote from: T Hunt on June 22, 2020, 06:18:26 AM
LOL i luv how the libbies think that loaning ppl money is somehow a handout when they claim that literal govt handouts thru welfare are somehow ok. Srry bud, but loans arent handouts, even at 0%. Of course trump is serious about debt, the first step is a roaring economy. You cannot pay it back in a recession.

Oh and as per your little end thing, the switch between parties never happened. Dems have always been racist and part of the past. The right has always been on the right side of history.

But according to him the economy was the greatest in American history before Covid. Yet we were spending more than ever and in a bigger debt hole than when he became president.

Given the lack of fiscal responsibility, we need to know where the money is going.
Rules of Engagement

noun: democracy
a system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Reps pre 1912 = mostly Progressive
Dems pre 1928 = mostly Conservative

Solar

Quote from: joesixpack on June 22, 2020, 07:45:35 PM
But according to him the economy was the greatest in American history before Covid. Yet we were spending more than ever and in a bigger debt hole than when he became president.

Given the lack of fiscal responsibility, we need to know where the money is going.
Wow, how quickly you forget how Obozo plowed us into debt and not one thing to show for it! It all went to social spending, govt jobs (a total draw on the taxpayer), green energy shit scam, and of course those acclaimed "Shovel Ready Jobs" that never even existed.

We didn't see any return on that so called investment, total Net Loss!
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joesixpack

Quote from: Solar on June 22, 2020, 08:33:00 PM
Wow, how quickly you forget how Obozo plowed us into debt and not one thing to show for it! It all went to social spending, govt jobs (a total draw on the taxpayer), green energy shit scam, and of course those acclaimed "Shovel Ready Jobs" that never even existed.

We didn't see any return on that so called investment, total Net Loss!

And where has all the money gone under Trump? He's spending just about the same amount with nominal economic impact, as we've seen by all the metrics in the the other thread.
Rules of Engagement

noun: democracy
a system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Reps pre 1912 = mostly Progressive
Dems pre 1928 = mostly Conservative

Solar

Quote from: joesixpack on June 22, 2020, 09:05:07 PM
And where has all the money gone under Trump? He's spending just about the same amount with nominal economic impact, as we've seen by all the metrics in the the other thread.
Seriously? Did you not get a fuckin check in the mail? If you managed to get your fastfood endeavor started, you can get another check for that disruption as well.
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joesixpack

Quote from: Solar on June 23, 2020, 05:27:31 AM
Seriously? Did you not get a fuckin check in the mail? If you managed to get your fastfood endeavor started, you can get another check for that disruption as well.

The CARES Act was more than $2Trillion and all we got was $1200?

Where's the return on our investment? You have to be consistent in your assessment of people.

My point overall, remains the desire for Transparency.

You all asked what I loved about this country and that's one of the things I love. I want it. If it's "public" funds we need to know where it goes.

I'll leave it at that.
Rules of Engagement

noun: democracy
a system of government by the whole population or all the eligible members of a state, typically through elected representatives.

Reps pre 1912 = mostly Progressive
Dems pre 1928 = mostly Conservative

Solar

Quote from: joesixpack on June 26, 2020, 05:26:49 AM
The CARES Act was more than $2Trillion and all we got was $1200?

Where's the return on our investment? You have to be consistent in your assessment of people.

My point overall, remains the desire for Transparency.

You all asked what I loved about this country and that's one of the things I love. I want it. If it's "public" funds we need to know where it goes.

I'll leave it at that.
Do you have any idea what an undertaking would entail just so the media could inform you? That's a whole other bureaucracy in itself.
How about being patient till the dust settles?
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