Nancy Pelosi’s Side — Let Them Eat Ice Cream

I’m considering things great and small when my phone rings. I do not recognize the number, but the ring itself feels like a political survey, so I answer.

“Stand by for the Speaker of the House, Nancy Pelosi,” the voice says. It sounds eerily like the Emperor in Star Wars. So, I wait. I wait. I wait.

“Big Red Car, how are you, dear?” the Speaker asks.

“Fine, Madame Speaker, et vous?”

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Cut The Crap — Payroll Protection Program Is Out Of Money

One of the elements of the CARES Act (Coronavirus Aid, Relief, and Economic Security Act), the bi-partisan stimulus program in response to COVID19, was the $250B Payroll Protection Plan.

The CARES Act was passed unanimously by both the Senate and the House on a unanimous consent. Wow!

The PPP was a good deal based on its popularity, a popularity that has drained its coffers. The PPP is broke. Out of money. The need was enormous.

The PPP has deployed $350,000,000,000 and has thousands of more applications, but it is out of money.

The Congress has known this for almost two weeks now.

The Senate Republicans saw this — the exhaustion of funds for PPP — coming and more than a week ago they proposed a single change to the CARES Act — change the single number $350,000,000,000 to $600,000,000,000.

That’s it. Just that. Nothing more. One single change. Two numbers, nothing else. Simple, right?

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