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IPFS News Link • Business/ Commerce

The "Small" Business Administration Is Now Bigger Than Walmart

• https://www.zerohedge.com, by Simon Black

Let's put that number in context:

$2 trillion is more than it cost to wage 18+ years of war in Afghanistan and Iraq.

It's nearly THREE times the size of the bailout from 2008.

It exceeds ALL corporate and individual income tax revenue collected by the IRS last year

We are clearly living in unprecedented times… and that this bailout is equally unprecedented.

Among the bailout's many provisions (which go on for more than EIGHT HUNDRED pages!) is a whopping $350 billion to the Small Businesses Administration.

The Small Business Administration is ordinarily a tiny federal agency. But this funding exceeds the budgets of the Army and Navy COMBINED. It's 8x the size of the United States Marine Corps. It's more than the entire market capitalization of Walmart.

You get the idea.

The SBA just became one of the biggest organizations in the world.


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