CEBA

[tweety]

Someone, sometime is going to pay dearly for this
And Canada only made the majority of its wealth from natural resources which the liberals have completely ***ed over .
Makes me sick to think of it

You and I are going to pay dearly for this, and it will be in the 2020 income tax filing. So at least get 10k up on it and spend it on something special to enjoy this short time on the planet we have.

Open your hand and take the money.

[farmaholic]

July 23 Western Producer reports there has been 690,000 approved applications for the $40,000 CEBA loan.

That's 27.6 billion loaned out of which 6.9 billion is supposed to be forgiven if $30K per applicant is paid back on time.

How much of the $30K per applicant will never be paid back...... EVER.

Probably not too many farms compared to other businesses are part of the 690,000 applicants.

That's alot of economy stimulating helicopter money being thrown around, and that doesn't include all the other Covid -cash programs.

SCARY.

[wmoebis]

July 23 Western Producer reports there has been 690,000 approved applications for the $40,000 CEBA loan.

That's 27.6 billion loaned out of which 6.9 billion is supposed to be forgiven if $30K per applicant is paid back on time.

How much of the $30K per applicant will never be paid back...... EVER.

Probably not too many farms compared to other businesses are part of the 690,000 applicants.

That's alot of economy stimulating helicopter money being thrown around, and that doesn't include all the other Covid -cash programs.

SCARY.

What happens if the business goes bankrupt or closes permanently before this is all over? I can see it happening maybe is already.

[furrowtickler]

July 23 Western Producer reports there has been 690,000 approved applications for the $40,000 CEBA loan.

That's 27.6 billion loaned out of which 6.9 billion is supposed to be forgiven if $30K per applicant is paid back on time.

How much of the $30K per applicant will never be paid back...... EVER.

Probably not too many farms compared to other businesses are part of the 690,000 applicants.

That's alot of economy stimulating helicopter money being thrown around, and that doesn't include all the other Covid -cash programs.

SCARY.

Exactly, and there is a lot of people who absolutely don’t need this money but are taking it , Tweety comes to mind .
This will completely screw our kids and grandkids.
But hey RV dealerships smiling ear to ear right now .
Have fun while it last , this will cost us all for over a decade

[furrowtickler]

We all complain about politicians being pigs at the trough taking taxpayers money ... most of this is no different.

[farmaholic]

Seems Covid might be used as an excuse to prop up what may have already been a floundering economic environment before the virus actually hit.

In the loooong run, this will have more of an economic impact than a health impact.
People are going to die, but all we've done is postpone some inevitable casualties of it.

[may-be]

Exactly, and there is a lot of people who absolutely don’t need this money but are taking it , Tweety comes to mind .
This will completely screw our kids and grandkids.
But hey RV dealerships smiling ear to ear right now .
Have fun while it last , this will cost us all for over a decade

Drug dealers are also smiling ear to ear right now. I know a guy in Edmonton who is on disability insurance and he told me he applied for cerb and got a $6000 check. He also told me that his Drug addicted friends in Calgary whom are on welfare or disability insurance all got $10,000 so far. They don’t care because when they get caught the most they will lose is $25 a Cheque.
I also personally know some Business people in my hometown that were not affected at all by this pandemic. They all got a $6000 check from some program by the Manitoba government.

[furrowtickler]

Drug dealers are also smiling ear to ear right now. I know a guy in Edmonton who is on disability insurance and he told me he applied for cerb and got a $6000 check. He also told me that his Drug addicted friends in Calgary whom are on welfare or disability insurance all got $10,000 so far. They don’t care because when they get caught the most they will lose is $25 a Cheque.
I also personally know some Business people in my hometown that were not affected at all by this pandemic. They all got a $6000 check from some program by the Manitoba government.

That’s happening everywhere around here as well .
Free money and idle hands is leading to a train wreck .

[wmoebis]

Seems Covid might be used as an excuse to prop up what may have already been a floundering economic environment before the virus actually hit.

In the loooong run, this will have more of an economic impact than a health impact.
People are going to die, but all we've done is postpone some inevitable casualties of it.

Agreed including some political parties and big O&G companies among others they were dragging down with them.

[Partners]

Turd should have just sent us all a 10k cheque.
Screw these stupid forms.

[blackpowder]

Latest I heard from the guy doing mine.
The big banks made it easy and online because it's deposits for them.
Far too easy. Now after a change in process 1 in 10,000 getting through.
Shameful, I know. The whole damn thing.
Sad, how it all turning out.

[blackpowder]

There should be an online form for donating it entirely right back to pay a nurse or teachers wage.
Stoopid gubment