LogFAQs > #967575671

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).

Dude, I work for a small company got the PPP loan filling out everything and they called back and said "Actually if you add these things we can give you even more." Our business got better DURING the pandemic. We didn't need that shit at all. Most of these people didn't!

There are real, tangible people who could really use this. This isn't to say fuck everyone who got a PPP loan, but imagine the amount of money that this went to just for CEOs to get even more cash at the end of that year.

Just let people get money back on the enormous scam that is student loans that NOBODY explained to anyone. Did any one of us who went into college understand how predatory these student loans were? Did anyone's parents know that? It's a fucking scam and there should have been something done sooner.

Also they passed a reduction on how much people will be required to pay per month, so it's not only just a benefit for those immediately. And it opens the door to do more in the future to stop this shit.