Author Topic: COVID cash for Dioceses (Read 693 times)

josefamenendez · « **on:** February 05, 2021, 08:52:17 AM »

Divine intervention or the right connections? Roman Catholic Church received $3 BILLION in US taxpayer-funded Covid-19 aid
4 Feb, 2021 16:32
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More than 200 Catholic dioceses received billions in funding from the Paycheck Protection Program, the taxpayer-backed rescue fund for bailing out businesses dying of Covid-19 shutdowns – reportedly more than any other applicant.
The 200-plus dioceses, and the churches and schools the Catholic Church operates under their names pulled down over $3 billion in taxpayer-funded aid from the Paycheck Protection Program (PPP), as part of the US coronavirus bailout of small businesses, according to an Associated Press (AP) investigative report published on Thursday.
The tidy sum puts the Church considerably ahead of its private-sector counterparts in terms of government aid received over the course of the pandemic. Certain the shutdowns would force them to use up the millions of dollars saved away for a rainy day, Roman Catholic dioceses such as that of Charlotte, North Carolina were quick to apply for emergency aid under the PPP. The diocese received a total of over $8 million, despite the tidy nest egg of $100 million in cash and short-term investments it was sitting on.
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Indeed, the AP found dozens of Catholic dioceses were lavished with PPP cash, even while holding onto their own emergency assets, which amounted to over $10 billion in total. Financial statements from 112 dioceses whose records the AP was able to access, plus the schools and churches under their control, revealed that those particular dioceses collected over $1.5 billion in taxpayer-backed funding amid the pandemic. Most were found to be financially well-off to the point that they could cover six months or more of operating expenses, even if they received no new income.
Including all American dioceses, the Roman Catholic Church’s PPP haul was more than $3 billion, making the Church “perhaps the biggest beneficiary of the paycheck program,” according to the AP. The information was only revealed after several news organizations sued the Small Business Administration to release public records of how the PPP money had been distributed – something then-Treasury Secretary Steve Mnuchin was vehemently against.
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While religious groups aren’t typically eligible for business-oriented bailouts, Congress busted open a loophole so faith-based groups and religious nonprofits could access PPP money. A second exemption was granted to larger Catholic dioceses, which often employ more than 500 workers, technically rendering them ineligible for the “small business” category.
Most church officials defended their windfalls to the outlet, noting that, without the taxpayer bailout, they would have had to cut jobs and would not have been able to meet the needs of the food pantries and other services offered during the outbreak. Pushing back on the notion that they were taking what was not rightfully theirs, they pointed out that the hardest-hit churches’ income fell by as much as 40 percent for several months, forcing them to lay off some staff and cut others’ wages.
Church employees deserved assistance the same as any Main Street small business, the officials argued, even suggesting the AP was misreading financial records. The investigation showed Catholic organizations pulling down “roughly twice as much” as 40 of the best-known large charities in the US put together, though the largest non-religious charities – those with more than 500 employees, at least – may not have been eligible for the PPP to begin with.
Former accountant Fr. James Connell, a member of the Milwaukee Archdiocese, sided with the AP, expressing concern that Catholic churches were receiving money they didn’t need while thousands of small businesses were permanently going under. Another pastor who wished to remain anonymous said he was pestered by higher-ranking officials to apply for aid multiple times and accused of “leaving free money on the table"

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Matthew · « **Reply #1 on:** February 05, 2021, 10:52:56 AM »

Why not? the Conciliar Church (which is the church we're talking about here), headed by Pope Francis, is at the vanguard of pushing the nєω ωσrℓ∂ σr∂єr on all nations.

The nєω ωσrℓ∂ σr∂єr will certainly involve the Conciliar Church as a main participant.

Being Trad is the first step to opposing that One World Order.

Viva Cristo Rey · « **Reply #2 on:** February 05, 2021, 12:13:28 PM »

They have been closing down churches and schools after Vatican II. Long before the Pandemic These dioceses have been stealing money to fund international terrier They are the reason for divorce in order to legalize sodomy Majority within are evil men who refuse to repent.

Den of thieves. These dioceses had their money before businesses while most people in their dioceses struggled to feed their families and pay medical bills. Then they set up food banks where people already receive food stamps and free housing. It goes to show how out of touch they are with their flock.

They closed down churches long before shopping malls. They were promoting the ναcceen from the virtual pulpits before any know ναcceen was made public.

They live in luxury by while many in dioceses are losing jobs , businesses and homes.

They are greedy selfish Pharisees. The Pope is a greedy hypocrite who took millions from communist hostile country.

Telling the world to resist capitalism while hosting over paid basketball players from nba who think they are gods.

The pope should be locked up for protecting and elevating pedophiles and thieves.

No sense going to any church because they are worthless by not serving God.

And Tradhican is right. Sspx and lack of immorality.

CathInfo.com

Author Topic: COVID cash for Dioceses (Read 693 times)

josefamenendez

COVID cash for Dioceses

Matthew

Re: CÖVÌD cash for Dioceses

Viva Cristo Rey

Re: CÖVÌD cash for Dioceses