Imagine taking out a loan and then complaining you actually have to repay it.....
Someones almost inevitably going to bring up PPP 'loans' so best to address that stupid talking point now....
Its a ridiculously stupid comparison to contrast loan forgiveness which was the the
*EXPLICIT/ STATED BEFOREHAND* intention of the CARES act,
***WHICH WAS AUTHORISED BY CONGRESS ACTUALLY IN A TIME OF EMERGENCY***
with an act
***NOT AUTHORISED BY CONGRESS***, not timed to coincide with a time of relevant emergency and which was not part of the intention under which student loans were given!
Here's the
CARES act, which has a whole section on the circumstances in which loan forgiveness would be provided.
PPP loans were given to all sorts of businesses, including those were Democrats had a finical interest in/ or ownership of and the Democrats pushed for the whole
process of applying for loan forgiveness to be simplified!
Some Democrat whoose firms benefited from Loans:
- Dean Phillips (D-Minn.), net worth $77 million, received a $135,800 loan for his Geniecast, LLC.
- T.J. Cox (D-Calif.), net worth $11.8 million, received $609,825 for two of his 26 businesses.
- Nita Lowey (D-N.Y.), net worth $10.9 million, is tied to a loan of $1,100,000.00 that went to a law firm where her husband is chairman emeritus, Lowey Dannenberg P.C.
- Earl Blumenaeur (D-Ore.), net worth $4.5 million, received $432,734 for his two companies.
- Paul Pelosi, the husband to House Speaker Nanci Pelosi (D-CA) is linked to a company that say millions in loan forgiveness. Two loans given to EDI Associates, a restaurant based company totalled $711.708 and $996.392 respectively, both forgiven
Biden's actions in attempting to have student load forgiveness were so contrary to what was deemed acceptable that he had even gone against the stated prior views of one of the most senior members of his own party
Basically Congress authorised a bill, with bi partisan support, which had the expressed intention from the outset that any money provided would not be paid back if it was used as the bill intended it.
The transfer was only called a loan so as to reinforce the principle that money could be recovered if not used as intended.
This is nothing like student loans.