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re: $87 Billion In Covid-19 Unemployment Benefits were paid out to Fraudsters

Posted on 12/4/21 at 3:27 pm to
Posted by Bass Tiger
Member since Oct 2014
46358 posts
Posted on 12/4/21 at 3:27 pm to
quote:

Probably more than $87 billion. My good friend received $250k from the PPP and admits he didn’t really need it but with the help of his accountant his small 3 man HVAC company qualified……he remodeled his house with the money.


Whether he “needed” it or not, if it was valid and legal, who has a problem with it?

PPP saved my arse. I have business owner friends whose PPP saved their arse. I have others whose PPP was more like a Christmas bonus.

I don’t have any problems with that.



quote:

Probably more than $87 billion. My good friend received $250k from the PPP and admits he didn’t really need it but with the help of his accountant his small 3 man HVAC company qualified……he remodeled his house with the money.


Whether he “needed” it or not, if it was valid and legal, who has a problem with it?

PPP saved my arse. I have business owner friends whose PPP saved their arse. I have others whose PPP was more like a Christmas bonus.




If you needed the PPP money I have no issue with you receiving the assistance but you're missing my point. There were a lot of small business owners who received PPP money that were not suffering from economic loss due to the pandemic but they worked within the accounting laws to show their quarterly revenue was being impacted and they qualified....they worked the system, it wasn't illegal but it was unethical. Those trillions of dollars handed out over the past 18 months are going to haunt the average American with surging inflation for years to come and we will all ask at some point was the hundreds of billions of helicopter money that was given to a lot of people who really didn't need it worth the inflation? We have to be honest and realistic.....ain't nothing free and inflation running at +10% is proving my point.

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