sbynews

DelMarVa’s Premier Source for Conservative News, Opinion, Analysis, and Human Interest

Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349

The opinions expressed by columnists are their own and do not represent our advertisers

Home

The government has already canceled $800 million of debts for US farmers, and says that’s ‘just the first step’ in its loan relief program

5 Comments / Uncategorized
  • The USDA has canceled $800 million in debts for 13,100 farmers, it said Tuesday.
  • The Inflation Reduction Act included $3.1 billion in assistance for distressed farm loan borrowers.
  • The USDA said Tuesday’s announcement was “just the first step” in aiding distressed farmers.

Rep. Marjorie Taylor Greene of Georgia said this week that student loan forgiveness was “completely unfair” to “taxpayers that never took out a student loan.”Data from the Small Business Administration that was compiled by ProPublica showed Greene’s business had $183,504 in PPP loans forgiven, which included the original loan of $182,300 and accrued interest. The relief money was spent on payroll, according to the data.

Rep. Marjorie Taylor Greene

Rep. Marjorie Taylor Greene of Georgia said this week that student loan forgiveness was “completely unfair” to “taxpayers that never took out a student loan.”

Data from the Small Business Administration that was compiled by ProPublica showed Greene’s business had $183,504 in PPP loans forgiven, which included the original loan of $182,300 and accrued interest. The relief money was spent on payroll, according to the data.

The US Department of Agriculture has already canceled $800 million of farmers’ debts as part of the Biden administration’s debt relief program, it said Tuesday.

This came from the $3.1 billion in assistance for distressed farm loan borrowers included in the Inflation Reduction Act, which President Joe Biden signed in August.

The USDA said that it had provided the $800 million in relief so far to around 13,100 farmers who had taken loans, cancelling around $61,000 of debt on average.

More

5 thoughts on “The government has already canceled $800 million of debts for US farmers, and says that’s ‘just the first step’ in its loan relief program”

  2. Anonymous

    This is nothing new….we have become a nation that if u take one step forward, someone will scream “thats completely unfair” and everything comes to complete halt.

    Over the last 5-6 decades, words like paradigm shift (look that one up snowflakes), transparency (hahahaha), diversity, climate change, quotas and relief, are attempts of forced change which has wrecked transformation into the 21st century. Wish there was a solution, but now anytime any leader attempts anything (local, state, fed levels) someone screams “its not fair”, lawsuits and everything stops.

    Bad guys dont stop….enemies dont stop because the US does. Who in there truly right mind would want this mess come Nov or in 2 yrs. We will scream again of unfairness after the Nov elections amd do the same in 2 yrs.

    But at least we will buy the newest I phone, playstation, 90k ford f-150 or new gold teeth for xmas!!!!

    Reply

Leave a Comment

Your email address will not be published. Required fields are marked *