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New Jersey bailout is under way

To the editor:

If you were seriously affected by the most powerful and destructive hurricane in New Jersey history, then an SBA loan is your only option to get your life "back to normal." By doing so you are simply agreeing to have more money deducted from your future pay stubs. Ladies and gentlemen, I don't think we have much of a choice left at this point.

 

We are now experiencing firsthand a federal bailout for New Jersey, same as the ones that took place in 2008 when the economy was brought to its knees. Back then it was banks, General Motors and AIG, plus many other corporations that benefited from the stimulus. This time they will be residents of New Jersey affected by this disaster.

Peter Myszka

Egg Harbor Township


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