WOW! This is a blast from the past that is a stark reminder of how backwards Obama’s priorities were.
While our war hero Veterans were badly mistreated, Refugees from Islamic countries were given “VIP” Treatment.
A lot of ordinary Americans would love to get a business loan of 15k to start a business with no risk of failure, but YOU would not qualify since YOU are not one of Obama’s prized Syrian “refugees.”
We are confident President Trump will end this travesty.
The U.S. government gives refugees on public assistance special “loans” of up to $15,000 to start a business but fails to keep track of defaults that could translate into huge losses for American taxpayers, records obtained by Judicial Watch reveal. The cash is distributed through a program called Microenterprise Development run by the Department of Health and Human Services (HHS) Office of Refugee Resettlement.
Since 2010 the program has granted thousands of loans to refugees that lack the financial resources, credit history or personal assets to qualify for business loans from commercial banks. Most if not all the recipients already get assistance or subsidies from the government, according to the qualification guidelines set by the Microenterprise Development Program. It’s a risky operation that blindly gives public funds to poor foreign nationals with no roots in the U.S. and there’s no follow up to assure the cash is paid back. The idea behind it is to “equip refugees with the skills they need to become successful entrepreneurs” by helping them expand or maintain their own business and become financially independent.