Forgivable Loans!

 Greasing

The

Skids!

The Catholic Church raked in $1.4 billion in coronavirus loans

July 10, 2020 | 10:36am | Updated

By Noah Manskar  

The Catholic Church raked in at least $1.4 billion in taxpayer-backed loans meant to help small businesses survive the coronavirus pandemic, a new report says.

Catholic dioceses, parishes, schools and other entities made extensive use of a loophole in the feds’ Paycheck Protection Program to snag at least 3,500 forgivable loans as the pandemic scuttled worship services across the country, an Associated Press review found.

Some $200 million went to roughly 40 dioceses that have paid out hundreds of millions of dollars to victims of sexual abuse in recent years — including the Archdiocese of New York, which got at least $28 million for its executive offices while its iconic St. Patrick’s Cathedral received at least $1 million, according to the Friday report.

Data released this week indicate Catholic institutions may have bagged as much as $3.5 billion in forgivable loans that helped them retain at least 407,900 jobs — placing the church among the program’s largest beneficiaries, the news service found.

DYI:  These are forgivable loans meaning they don’t have to be paid back.  Just a fancy term to fool the American public into thinking these so called loans especially to such a large institution such as the Catholic Church will ever be paid back.  Not a chance this is a flat out gift from our tax dollars – [to which all taxpayers will have to pay] – to large organizations.  The biggest reason – [there are multiple agendas] – is to grease the skids with government largess to distract the public with the multi-agenda COVID-19 HOAX!   

More to Come!

DYI