Cato Institute refuses the PPP loan

We probably receive 4-5 funding appeals a day. Today it was Cato Institute--haven't heard from them before, and not sure when we were ever a donor, although I use their research from time to time on my blog.

 
GUESS WHAT CHURCHES! Cato Institute said NO to the CARES Act loan (in April 2020), Paycheck Protection Plan.

 
Why? CATO as a libertarian think tank qualified, but is wholly funded by private donations, the "overwhelming majority of which come from individuals who will suffer material losses from the pandemic." To take the loan would undermine its mission and belief that the scope and power of government should be limited.

 
Wow. I wish pastors and church boards thought that way. That by taking money from the government (us) they would be undermining their mission to spread the gospel of Jesus. By taking the PPP loans they would be supporting the lockdown and denying responsibility to be self-reliant and fiscally responsible. The Cato letter (by Peter Goettler and Robert A. Levy) continues, even when government interventions are well-intentioned, "they often carry consequence worse than the problems they're intended to address, including disincentives to innovate, favors to special interests, anticompetitive barriers to entry, overlapping and confusing laws, and abuses of public power." True. True. And true.
My church is member supported. It didn't need the PPP loan. And neither did yours. Most of my FBF are members of Christian churches. Have you asked your pastor or church treasurer about the PPP loan and were you so unfaithful in your giving that they didn't trust you to do the right thing?

  https://www.federalpay.org/paycheck-protection-program Limit your search by your ZIP code and "religious organization." You'll be shocked. I was.