Associated Press<\/a> report.<\/p>\n“When we passed the Families First Act and when we passed the CARES Act we knew we were going to be underestimating in certain areas,” Murkowski said. “We saw a crush of demand.”<\/p>\n
This round of funding would be better managed, the delegation said, with loans being directed specifically to small businesses.<\/p>\n
“We have questions for the (Small Business Administration) to make sure that doesn’t happen again,” Sullivan said. “We’re trying to make the programs more effective for those on the ground.”<\/p>\n
Asked about the enormous cost of the relief packages, the delegation said they felt the expenditure was necessary under the circumstances.<\/p>\n
“First place, we got to get America back to work,” Young said. “This is a large amount, but if we hadn’t done it we’d be in worse shape.”<\/p>\n
The federal government has spent over $2 trillion fighting the coronavirus, but Sullivan drew a comparison between the current pandemic and WWII.<\/p>\n
“Our GDP-to-debt ratio is still actually lower than when we fought that war,” Sullivan said, noting the nation was able to come back from that economic downturn.<\/p>\n
“Doing nothing was not an option,” Sullivan said.<\/p>\n
Sullivan even floated the idea of implementing something along the lines of the war bonds.<\/p>\n
The delegation made it clear that additional assistance was coming but could not say what or when that might be.<\/p>\n
“We are cognizant we have directed a lot of federal resources and it will require us getting back to work in order to deal with this,” Murkowski said. “When you think of your choices here, you had no good choices.”<\/p>\n","protected":false},"excerpt":{"rendered":"
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