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Message
re: Did PPP save your job? The government has released loan data for recipients
Posted on 7/6/20 at 4:43 pm to GetCocky11
Posted on 7/6/20 at 4:43 pm to GetCocky11
I'm glad I searched for this I just saw it in the paper.
Now here is my thing....my daughter stayed in her private school throughout the previous semester. Hence we paid full tuiton for 19-20 and have paid full tuition for 20-21.
I am not aware of any mass exodus of students from the school for 19-20 or 20-21 (as of yet pending return plans). Her school took a PPP loan of up to 1 million to save jobs. My question is if I was paying tution and all the other families were paying tuition how in the hell is the school proving that that 1 mil actually paid for the jobs...and what did the damn tuition that was already in the budget pay for????
I knew from the beginning this PPP shite was going to be gamed bigly.
Now here is my thing....my daughter stayed in her private school throughout the previous semester. Hence we paid full tuiton for 19-20 and have paid full tuition for 20-21.
I am not aware of any mass exodus of students from the school for 19-20 or 20-21 (as of yet pending return plans). Her school took a PPP loan of up to 1 million to save jobs. My question is if I was paying tution and all the other families were paying tuition how in the hell is the school proving that that 1 mil actually paid for the jobs...and what did the damn tuition that was already in the budget pay for????
I knew from the beginning this PPP shite was going to be gamed bigly.
2
Posted on 7/6/20 at 5:11 pm to LSU316
quote:
I knew from the beginning this PPP shite was going to be gamed bigly.
Several high end private schools in the $1 MM plus bracket.
Posted on 7/6/20 at 5:45 pm to LSU316
quote:
I knew from the beginning this PPP shite was going to be gamed bigly.
And it was/is. Many of my customers businesses never were shut down, revenue never stopped and in fact this years revenue is beating expectations. But each of them secured the PPP loans. They simply took the money budgeted for payroll and paid down debt or made capital improvements with our tax dollars. Government waste at its finest.
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