Sunday, April 19, 2020

Pelosi: Congress ‘Very Close’ to Deal for More Funding for Small Business Loan Program

Here comes more mad money printing.

House Speaker Nancy Pelosi, said this morning on ABC News’ “This Week” that Congress is “very close” to reaching a bipartisan deal for additional funding for a small business loan program.

“We’re close. We have common ground,” Pelosi said. “I think we’re very close to agreement.”

Round one of this program was $350 billion, round two is expected to be around $250 billion.

Of course, this is all power freak madness. The only way this can be funded is by the Federal Reserve Board printing money out of thin air. This does nothing but depreciate the value of the dollar.

The only sound solution is to open up the economy and allow those who are at high risk to self-isolate.  This is not complicated.


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