Infrastructure Bill: Borrow, Print, Spend. $31B Taken from Your Pockets
Episode description
Infrastructure Bill: Borrow, Print, Spend. $31B Taken from Your Pockets
I know that most people don't have time for complicated topics. What am I talking about? The Infrastructure Bill of course! It's really just a way for Washington DC to borrow money from American citizens so they can spend it on their own projects. So let me break down what this bill actually does so you can understand why so many economists are up in arms over it.
Small business owners should be up in arms! The EIDL program is being rescinded and $31 Billion is being taken away from struggling small businesses. If you are in the process of obtaining an EIDL Loan or Advance it looks like they will honor those dollar amounts. But if you have not applied for either of these programs before the bill is signed then you will miss out on these programs.
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