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| Topic | Politics Containment Topic 393: Raid on Bungling Bay |
| Reg 08/25/22 8:45:34 PM #364: | LordoftheMorons posted... PPP wasn't really debt forgiveness. It was just a structuring of the program that allowed them to give money to companies but force them to actually spend that money on payroll. The idea is that in the absence of PPP they wouldn't have spent that money at all, and people would have just been laid off. It was also a response to an economic emergency, which is fundamentally different from a longstanding structural problem that a one-time student debt forgiveness doesn't address (in fact, it will likely make the long-term problem worse by incentivizing colleges to further raise tuition).That's great Except for the fact that it was explicitly implemented with no oversight whatsoever and was rife with fraud ... Copied to Clipboard! |
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