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Bergen Community Was the Paycheck Protection Program a Successful Program Discussion
The Paycheck Protection Program (PPP) is a $953-billion business loan program established through the CARES Act to help certain businesses, self-employed workers, sole proprietors, certain nonprofit organizations, and tribal businesses continue paying their workers. Some economists have found that the PPP did not save as many jobs as purported and aided too many businesses that were not at risk of going under. They noted that other programs, such as unemployment insurance, food assistance, and aid to state and local governments, would have been more efficient at strengthening the economy. Opponents to this view note that the PPP functioned well to prevent business closures and cannot be measured on the number of jobs saved alone. From our readings, class discussions, and your own research, do you believe that the PPP was a successful program?
