Congress exploring more COVID relief for small businesses as omicron surges

[SugarDaddy1]

A bipartisan group of lawmakers has started exploring another round of coronavirus relief funding for small businesses as a surge of the highly contagious omicron variant threatens to unleash more economic havoc.

The source said the duo is crafting a package based on a bill the pair introduced in August that would replenish the Restaurant Revitalization Fund, a program created by Democrats in March 2021 that gave food and beverage providers grants equal to their pandemic-related revenue loss, with a maximum of $10 million per business and $5 million per location.

Source

 

[pecksniff]

I have no actual objections to this, but, the value of small business is grossly overrated.

 

[LittleDixie]

Why not just give every small business a billion dollars to tide them over?

I mean, if a couple thousand would help, why stop there?

 

[BabyBoomer50s]

Because after appropriating $4.5 trillion + in Covid relief, people still can’t get a dam test?

 

[Lazaran]

.
Lawlz

*chuckles*

 

[pecksniff]

Why not just give every small business a billion dollars to tide them over?

I mean, if a couple thousand would help, why stop there?

That is, to put it kindly, meaningless.

 

[LittleDixie]

That is, to put it kindly, meaningless.

That's not an argument.

Why not give small businesses a billion dollars? Why not?

 

[ll74]

Source

Good.

 

[JohnnySavage]

The largest portion of the debt is owned by, us. Japan and China together own about 2 trillion of the 29 trillion and are the largest foreign holders.

 

[pecksniff]

Who owns the debt is, of course, only a matter of who owns bonds sold by the U.S. Treasury. Each bond has a definite maturation date -- China cannot simply demand payment at any time.