SBA Loans / Paycheck Protection Etc

[Tom Murphy]

Is it just me or does anyone else feel like this SBA loan / paycheck protection program is going to be scammed to death by everyone and their brother?  It just doesn't make sense.  What if I (purely hypothetical) had a business that employs 40 people and I have not yet laid anyone off?  I don't really need to  because the business still generates ample money to pay them and I have some extra personal money (a bank account with 7 million in profits I've made) to keep paying them.  Would I (being completely hypothetical) qualify to get some "relief" from the government?  I'm thinking about laying them off but this way, I can get all the money to pay them and then some and I don't have to dip into any of my savings or anything and I can pay for other things with the money I get like interest on loans etc.  The money is damn near free and I don't have to make a payment for 6 months and I don't have to pay for any money that was used for all those salaries of my 40 employees.   This is all hypothetical but someone tell me how this program will ever work?   The intentions were good but in practically, this will result in one big piggy oink fest with everyone glomming onto the "free" money.  This government has people so scared right now, they will be overinflating all estimates of revenue, etc. to get the max amount.  Nobody will be able to verify the need.  I fear this will be the last wallow up to the trough for people thinking this is free money before the absolute collapse of our financial system.