Oops He Did It Again Biden Student Loan Handout

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  1. Sharlee01 profile image89
    Sharlee01posted 23 months ago

    https://hubstatic.com/16127219_f1024.jpg
    Are you up for paying off student loans?

    President Biden on Wednesday announced a student loan handout plan that essentially would use taxpayer money to pay off up to $10,000 of student debt per borrower making less than $125,000 per year.

    That means Americans may be footing a nearly $300 billion bill if Biden goes through with the reported plan — plus extends a repayment pause to next year.

    The nation's federal student debt now tops $1.6 trillion after ballooning for years. More than 43 million Americans have federal student debt, with almost a third owing less than $10,000 and more than half owing less than $20,000, according to the latest federal data.

    Will Biden's student loan handout taxes the poor and throws gas on the inflation fire?
    Biden's student loan handout plan is Robin Hood in reverse. It takes from the poor and gives to the rich.

    Is he just clearly blatantly trying to buy votes?

    Thoughts

    1. Miebakagh57 profile image66
      Miebakagh57posted 23 months agoin reply to this

      I'm not concern about Federal loan to American student. I'm an outsider.

      1. Sharlee01 profile image89
        Sharlee01posted 23 months agoin reply to this

        I always appreciate your participation, and kindness to leave a comment. How would you feel if you just came responsible for paying others' loans? The problem, many citizens never attended college, for one reason or another. many in the US can not afford college period. Should these citizens pay for those that could afford to attend, and took loans to do so?

        And millions just worked their butts off to pay for college, and to pay off their loans, should they not be reimbursed some cash for all their hard work?

        This president is a man that is clearly spending taxpayers' money to buy votes. Democrats are very well known for this cheap underhanded ploy. This is wrong on so many grounds.

    2. DrMark1961 profile image96
      DrMark1961posted 23 months agoin reply to this

      I am not surprised because that was one of his promises during the campaign.

      It amazes me though in that people in his party are behind this. I was a work study student but I remember the students that took a lot of loans able to take spring break in Florida, long vacations during the summer, party late nights on the weekends, etc. Now they are having their spring break fun subsidized by the minimum wage fast food employees? I do not think that those employees make anywhere near 125,000, so why should they be supporting those richer than themselves?

      If any of you can justify this please let the rest of us know.

  2. Fayetteville Faye profile image61
    Fayetteville Fayeposted 23 months ago

    In my estimation, this idea is shortsighted.  It really does nothing to address the skyrocketing costs of higher education over the last decade. Nothing more than a band aid but will Garner him some votes. 
    Young adults used to be able to manage college costs with a job but that is no where near the case today.
    President Biden would have been better off at looking at ways to reduce costs at public institutions.  Or potentially finding ways to drastically cut the interest, of possible, on the repayment of these loans.  The high interest rates of these loans tack on and appreciable amount of money to those just beginning new careers.
    I'd also be happy to see a year of service given by high school graduates in areas needed in exchange for a tuition break.  A civil service opportunity. It might even do some good in bridging a cultural divide.  I'd be delighted to see kids here offered intern positions in tech companies, media, financial institutions and other venues they're most likely to never see. Conversely, I'd love to see your city kids here learning about a different way of life. 
    Is this a political move? I'd say so. Democrats are pulling out all the stops.  But we really do need to address higher education in a meaningful way if we want to compete with India and China.

    1. Sharlee01 profile image89
      Sharlee01posted 23 months agoin reply to this

      100% agree

    2. Ken Burgess profile image74
      Ken Burgessposted 23 months agoin reply to this

      Exactly, agree whole heartedly.

      When one looks deeply into government "handouts" or "loans" one can see they almost all do more HARM than good, to society, to our economy, to those that work the hardest to produce, etc.

      One example would be a welfare system that awards more money to mothers who have children without husbands/fathers in their lives.

      The more children they have the more money they are awarded, the more benefits they are provided.  Not only does this encourage young women to have kids, for income purposes, but it also encourages them not to have a father figure in those children's lives.

      Federally backed Student Loans are a different thing entirely, yet it often results in hurting the person who was supposed to be helped.

      Colleges created tons of useless, even socially or personally destructive courses and degrees one could pursue, not everyone can be an engineer or doctor, so plenty of new fields were created for the less inclined to the STEM fields.

      And of course, colleges could hike up the rates, young people are the least cognizant of how much damage (hardship) too much debt can cause a person.

      And if they never graduate with degrees, who cares, the school isn't stuck with the bill, they've already been paid.  I would bet that just as many people who never got a degree have a student loan to pay off as those that did get a degree.

      I think you are right, the only federally funded student loans, should be for state or community colleges, and those colleges need to be regulated to keep costs at a certain level for all students who receive such loans.

      If you want to go to a better school than that, pay your way, fully, or get a scholarship or grant that doesn't require any type of loan to support it.

  3. Kathryn L Hill profile image76
    Kathryn L Hillposted 23 months ago

    There's more ..
    "In our tax code, universities are treated like charities, though they are very much not charities at all and if you pay the bill you know, but they don't pay taxes and that's why their endowments are bigger than the GDP of some countries. Harvard's endowment is over $41 billion. Yale's over 30. Stanford and Princeton over 25. The University of Texas, bigger than them all. So, it doesn't matter what they call themselves. These places are not colleges or universities. They are hedge funds with classrooms attached and if there's anyone in the United States who doesn't need more government money, it's the higher education lobby, but today, Joe Biden threw them more. He said, to give these colleges, these hedge funds, more of your money and you shouldn't be surprised because he just rewarded his private equity donors, and there are many of those, by preserving the carried interest loophole. That just happened earlier this month.

    Your taxes are going up. They're paying half the rate that you are. So today, Biden announced he's going to force taxpayers to cover $300 billion worth of student loans."

    https://www.foxnews.com/opinion/tucker- … cal-donors

    1. Sharlee01 profile image89
      Sharlee01posted 23 months agoin reply to this

      Taxpayers will pay for Biden's loan forgiveness, and some economists warned him --- Hey Joe this will make inflation worse. Hey Joe all these loans will have to be paid for... I could write a book on this current ploy to buy votes. But I will let the Pros do my talking.

      Larry Summers on student debt: I'd be skeptical of massive student debt reduction programs - Lawrence Summers Live
      https://www.hks.harvard.edu/centers/mrc … udent-debt

      Economics experts worry about impact student loan forgiveness will have on the country
      While the Biden administration said they will be focusing on low- and middle-income households with student debt relief, other studies show otherwise. https://www.wfaa.com/article/news/local … 6d1f9eb97a

      ECONOMYNEWS
      ‘Widen the Racial Wealth Gap’: Economist Breaks Down Effects of Biden’s Student Loan Forgiveness --  "An economics professor from Johns Hopkins University said during a Tuesday CNN appearance that President Joe Biden’s plan to forgive student loan debt would make the racial wealth gap wider and make inflation worse."  https://www.dailysignal.com/2022/08/24/ … rgiveness/

      "Biden just forgave $10,000 in student loan debt. Elizabeth Warren calls it ‘one of the biggest acts of consumer debt relief in American history,’ while Mitch McConnell calls it ‘socialism’"
      https://fortune.com/2022/08/24/biden-st … mcconnell/

      Trying to keep tabs on Biden's Build back Broke bills ---  Biden and congressional Democrats have spent about $3.8 trillion on their agenda since Inauguration Day.

      And now we can add another big spending bill.
      The National Taxpayers Union’s estimate of costs per taxpayer is based on data from the Penn Wharton Budget Model, which found the total cost of the proposal could be $329.1 billion

      Am I the only one concerned about record-breaking spending?

    2. Fayetteville Faye profile image61
      Fayetteville Fayeposted 23 months agoin reply to this

      I don't understand your problem with endowments? They are  gifts from individuals or organizations. Where is the problem with that?

      1. Kathryn L Hill profile image76
        Kathryn L Hillposted 23 months agoin reply to this

        They are tax exempt
        The profits are ginormous and now he's throwing more money their way to keep the donations coming to him! At OUR expense!

        1. Fayetteville Faye profile image61
          Fayetteville Fayeposted 23 months agoin reply to this

          They are essentially gifts, not "profits" that help fund scholarships in some cases and in other cases larger research projects and so on. I believe the more endowments from alumni and organizations that a public university or college receives the better. That less public funds needed. You are looking for the government to grab back in the form of taxation these charitable gifts?? How on Earth is this affecting the public financially? That certainly isn't in the spirit of small government or less intrusive government. But that seems to be the way of today's GOP. Get your hands in absolutely everything.

          1. Kathryn L Hill profile image76
            Kathryn L Hillposted 23 months agoin reply to this

            The whole thing has become politicized.

            "Politicians reward their donors first. They're first in line. Joe Biden knows this really may be demented, but he remembers that. Consider the 2005 bankruptcy law, which has gotten not enough attention. That's one of Joe Biden's few legislative achievements in his 36 years in the U.S. Senate. That law prevented borrowers from discharging, getting rid of, credit card debt and private student loans in bankruptcy." 

            read more:
            https://www.foxnews.com/opinion/tucker- … cal-donors

          2. DrMark1961 profile image96
            DrMark1961posted 23 months agoin reply to this

            Gifts to universities almost always come with strings attached and they certainly do not lessen the amount of public funds the university begs for. Small gifts may be set up for scholarship but large gifts usually fund things like recreation centers and football stadiums

            1. Sharlee01 profile image89
              Sharlee01posted 23 months agoin reply to this

              I must agree, and some endowments can be withdrawn if the donor becomes dissatisfied.  I think much of the money is paid to the college to push certain ideologies. This is unfortunate.

              1. Fayetteville Faye profile image61
                Fayetteville Fayeposted 23 months agoin reply to this

                How does a college push an ideology? I mean across the hundreds of professors, adjunct professors and so on how does one get everyone on the same page?  I'm sort of shocked at the anti-higher education sentiments here.  A poorly educated country doesn't have much of a future in today's world.

                1. Sharlee01 profile image89
                  Sharlee01posted 23 months agoin reply to this

                  "How does a college push an ideology? I mean across the hundreds of professors, adjunct professors, and so on how does one get everyone on the same page? "  Come on Faye ... You tell me.

                  Not sure anyone is anti-higher education?  I think we were talking about endowments.  I don't think anyone thus far has disparaged higher education.

                  And, I don't think you could get anyone not to agree with your
                  sentiment ---  "A poorly educated country doesn't have much of a future in today's world.".

                  So, I guess we could jump into a huge problem --- our reputation for putting out a large majority of poorly educated public schools.  It is obvious we have problems educating our children. Ultimately, this bodes poorly on the profession of teachers.

                  1. Fayetteville Faye profile image61
                    Fayetteville Fayeposted 23 months agoin reply to this

                    Oh yes, it is all the teachers who are responsible for any poorly performing district. I suppose they're not responsible for the ones who perform at the highest levels of achievement in terms of testing?  All districts are certainly not created equal especially with the way this country funds public education through property tax.  You let me know when you figured out how an educator can effectively manage a a classroom in a poorly funded district that pushes 40 children per class, many coming to school hungry unable to focus, without proper shoes or clothing, with untreated mental and behavioral issues, buildings that are crumbling without consistent heat or air and parents who will never show and iota of interest?   Yes, we do have issues in education but they go well beyond the walls of the classroom.  But you choose to lay the blame at the feet of teachers??   Teachers work within a construct, we're not miracle workers although we certainly try to be.

                2. DrMark1961 profile image96
                  DrMark1961posted 23 months agoin reply to this

                  How does a college push an ideology? Seriously? Have you heard of peer pressure?

                  1. Fayetteville Faye profile image61
                    Fayetteville Fayeposted 23 months agoin reply to this

                    Peer pressure among college professors? Oh my...

                  2. Readmikenow profile image94
                    Readmikenowposted 23 months agoin reply to this

                    I think there are too many college professors who teach their political opinion just as much as their course work.

              2. Credence2 profile image79
                Credence2posted 23 months agoin reply to this

                Colleges are designed to encourage free and open inquiry, conservative reasoning would be structurally opposed to that kind of evaluation. That is why DeSantis finds it necessary to control what it is that is taught in college classrooms as if students are not sophisticated enough to discern the relevance of they are being taught. Colleges are intrisincally liberal because so are open thought and ideas.

                1. Sharlee01 profile image89
                  Sharlee01posted 23 months agoin reply to this

                  "Colleges are designed to encourage free and open inquiry, conservative reasoning would be structurally opposed to that kind of evaluation."  LOL
                  Two words BS.

                  " Colleges are intrisincally liberal because so are open thought and ideas."

                  Yes, open to just about anything, it need not make common sense or hold logic, just a thought or an idea that holds no real benefit in today's world.

                  1. Fayetteville Faye profile image61
                    Fayetteville Fayeposted 23 months agoin reply to this

                    It's called teaching critical thinking.  The real freedom to discern what makes most sense for you as an individual. Not being given a slate of ideas that's been approved by some governmental body and forced upon you.

                  2. Credence2 profile image79
                    Credence2posted 23 months agoin reply to this

                    "Yes, open to just about anything, it need not make common sense or hold logic, just a thought or an idea that holds no real benefit in today's world."

                    That, too, is just a matter of opinion, I would take the course of inquiry to see how much of that is true for myself.

                  3. Kathryn L Hill profile image76
                    Kathryn L Hillposted 23 months agoin reply to this

                    - colleges are designed for ...?

                2. DrMark1961 profile image96
                  DrMark1961posted 23 months agoin reply to this

                  What is your opinion of Bidens student loan relief though?

                  1. Credence2 profile image79
                    Credence2posted 23 months agoin reply to this

                    I think that this loan forgiveness was political in nature as not going far enough for the left but if you had forgiven one penny you would have earned the ire of the Right anyway. Yet, it set a tone for Biden and was a bone tossed to his left flank, that may well be reflected in some gratitude by many who have to choose in November.

                    It seems to be more a matter of who benefits from dipping into the treasury over and above the sums involved.

                    We had the mad dog women of the rightwing, Taylor-Greene, complaining how unfair this policy is when nobody had to beg her to take freely from the honey pot, to bail out her business to the tune of $180,000.00

                    https://finance.yahoo.com/news/marjorie … p_catchall

                    We had the stimulus that handed out millions to every tax payer, whether they were need of it or not. I should not forget that there were means testing for the higher income levels.

                    We had the "too big to fail" bailout of corporations to the tune of billions.

                    We have had Reagan and Bush tax cuts that were skewed to benefiting the wealthy and increased the deficits that they knew for political reasons could never be made revenue neutral through spending cuts.

                    If I have this much money to dole out, I am going to err on the side of the middle/working class people over the fat-cats everytime.

        2. Ken Burgess profile image74
          Ken Burgessposted 23 months agoin reply to this

          Spot on again.  The rich making themselves richer.

          But Biden is all about taxing the rich... remember?

          This is the same guy who has funneled billions of dollars from foreign nations through family members. Anyone that believes in Biden has been duped more than any Trumper ever was.

    3. Ken Burgess profile image74
      Ken Burgessposted 23 months agoin reply to this

      You are spot on about that one.

      And you know what fills the Administration, the halls of DC, and Wall St.?

      Graduates overwhelmingly from the big 4 you mentioned.

      1. Kathryn L Hill profile image76
        Kathryn L Hillposted 23 months agoin reply to this

        (It was Tucker, Ken.)

  4. Kathryn L Hill profile image76
    Kathryn L Hillposted 23 months ago

    There may be more to it than buying votes

    "In the subsequent decades, student loan debt tripled. Americans' average credit card debt went up by thousands of dollars, but Joe Biden didn't care because the point of the bill was not to help Americans. The point of the bill was to reward his biggest donors (DONORS) and it did.

    Is that what we're seeing here?

    Well, let's see, where is Joe Biden's core base of support as of August 2022?

    Well, no group in America supports Joe Biden more fervently still than college administrators, one of the fastest growing job categories in this country. How's that for depressing? There are hundreds of thousands of college administrators in the United States and most of them have master's degrees. As you can see from this chart, that group overwhelmingly donates to the Democratic Party. People employed in the education industry (And that's what it is. It's an industry) gave nearly $300 million to Democrats in 2020. They gave $30 million to Republicans. Talk about lopsided.

    So, these administrators are the very beneficiaries of the single greatest scam currently underway in the United States. We send tax dollars to colleges who don't need them in the form of government backed loans, but instead of lowering tuition for you, they hike tuition every year at a rate far faster than the rising inflation.

    Then they use those profits to hire more useless, unhappy anti-American administrators, all while failing to give your kids even a basic education in anything that's worth something and then, because all of that isn't insulting and destructive enough, the government rewards them and exempts these very places from paying taxes."

    https://www.foxnews.com/opinion/tucker- … cal-donors

    1. Kathryn L Hill profile image76
      Kathryn L Hillposted 23 months agoin reply to this

      "We send tax dollars to colleges who don't need them in the form of government backed loans, but instead of lowering tuition for you, they hike tuition every year at a rate far faster than the rising inflation."

  5. Miebakagh57 profile image66
    Miebakagh57posted 22 months ago

    What Biden did by punirhing hard working, and responsible parents, to pay for others calls for a revolution.

    1. Sharlee01 profile image89
      Sharlee01posted 22 months agoin reply to this

      Hopefully, we won't need one. Many Americans hope to vote out Biden and his administration.

      1. Miebakagh57 profile image66
        Miebakagh57posted 22 months agoin reply to this

        Yes, vote Biden, the no brain President out of the Oval Office.                               Critically, he has no administration, or government. A cabal of  China, in the USA is playing the tune.

  6. Fayetteville Faye profile image61
    Fayetteville Fayeposted 22 months ago

    What workforce did Marjorie Taylor green and Matt Gaetz have?  I don't see that any of them had any sort of small business whatsoever.  They are literally public servants, on the government's dime,  as were quite a large number of Representatives that  that took very large PPP loans and had them forgiven for it looks like no reason at all.  I just find it a bit ironic that these representatives are now railing about $20,000 forgiven for student  loans when they had PPP forgiven that they probably shouldn't have had in the first place.

    "Many who participated in what prosecutors are calling the largest fraud in U.S. history — the theft of hundreds of billions of dollars in taxpayer money intended to help those harmed by the coronavirus pandemic — couldn’t resist purchasing luxury automobiles. Also mansions, private jet flights and swanky vacations.

    They came into their riches by participating in what experts say is the theft of as much as $80 billion — or about 10 percent — of the $800 billion handed out in a Covid relief plan known as the Paycheck Protection Program, or PPP. That’s on top of the $90 billion to $400 billion believed to have been stolen from the $900 billion Covid unemployment relief program — at least half taken by international fraudsters "


    The prevalence of Covid relief fraud has been known for some time, but the enormous scope and its disturbing implications are only now becoming clear.  PPP was an epic swindle for the most part.

    https://www.nbcnews.com/politics/justic … p-n1279664

    1. Readmikenow profile image94
      Readmikenowposted 22 months agoin reply to this

      "PPP was an epic swindle for the most part."

      I would expect nothing less from a democrat administration.

      The difference between a PPP loan and a student loan is obvious.

      Nobody forced a person to take out a student loan.  This is their choice.

      During COVID, the government closed down businesses and wouldn't let them open.  They were not permitted to make money. The government took away their livelihood. A PPP loan is nothing more than the government being responsible for taking away a company's ability to make a living.  No business asked to be closed down by the government.  It was a unique situation that had never before happened.

      Student loans are common. I had one, my wife had one, my attorney had one, etc., etc. we all paid them off. 

      I resent being made responsible for the choices someone makes for their life. They need to be held responsible for their decisions. If I can pay off my student loan, I'm sure they can pay of their student loan. It can be done.

      1. DrMark1961 profile image96
        DrMark1961posted 22 months agoin reply to this

        I guess the alternative is to not pay back your loans and vote Democrat. That seems to be the point of the program.

      2. Fayetteville Faye profile image61
        Fayetteville Fayeposted 22 months agoin reply to this

        "I resent being made responsible for the choices someone makes for their life. They need to be held responsible for their decisions."


        Well we are all responsible and on the hook for the billions who perpetrated fraud through PPP.

        “The Small Business Administration, in sending that money out, basically said to people, ‘Apply and sign and tell us that you're really entitled to the money,’” said Horowitz, the chair of the Pandemic Response Accountability Committee. “And, of course, for fraudsters, that's an invitation. … What didn't happen was even minimal checks to make sure that the money was getting to the right people at the right time.”

        Not sure about your state but mine and many of the neighboring states were never closed or experienced covid restrictions in any way. Local businesses stayed open.  But boy we sure did have people taking these loans.
        Experts say millions of borrowers inflated their numbers of employees or created companies out of whole cloth.

        1. Sharlee01 profile image89
          Sharlee01posted 22 months agoin reply to this

          "Well we are all responsible and on the hook for the billions who perpetrated fraud through PPP."

          The government is responsible for going after anyone that committed fraud to receive a PPP loan. I expect them to.

          "Experts say millions of borrowers inflated their numbers of employees or created companies out of whole cloth."

          That is a fraud, and easily prosicuted.

    2. DrMark1961 profile image96
      DrMark1961posted 22 months agoin reply to this

      So basically you all are saying that since there was fraud in that program it is okay to provide handouts to rich kids that do not bother to pay back their loans?

      1. Fayetteville Faye profile image61
        Fayetteville Fayeposted 22 months agoin reply to this

        Actually, I never said that at all. You made that assumption.

        1. DrMark1961 profile image96
          DrMark1961posted 22 months agoin reply to this

          My apologies, I should have said "they" instead of you.

          1. Fayetteville Faye profile image61
            Fayetteville Fayeposted 22 months agoin reply to this

            I think the only point was to say it's awfully ironic or hypocritical for those in Congress to oppose a $20,000 student  loan forgiveness when they've had their own ppp forgiven to the tune of millions along with many others who took advantage (often fraudulently) of the PPP loan giveaway. 
            We as taxpayers are on the hook for the billions committed fraud due to that program and it's lax requirements
            You can chalk it up to another bumbling move by government but please recognize that these moves happen across the political spectrum.

            1. DrMark1961 profile image96
              DrMark1961posted 22 months agoin reply to this

              Yes, I agree it is hypocritical. It is wrong when the conservatives do it and wrong when the liberals do it too.

              I personally feel it is worse when the coservatives use those programs to leech off of the government since they are opposed to government intervention. At least liberals are in favor of big government to solve all of our problems.

    3. Sharlee01 profile image89
      Sharlee01posted 22 months agoin reply to this

      Anyone that took PPP loans did so with stipulations. The loans were not forgiven if these stipulations were not kept. I would think any Representatives that took  PPP loans either kept to the agreement or were made to pay back the funds. They have as much right as anyone to take advantage of the loan program. Both parties had Representatives take PPP loans. Why have you just used Republican in your comment?

      The latest White House ploy is discussting. There was no reason to slam just Republicans for taking PPP loans. The analogy comparing PPP loans to student loan forgiveness makes little sense. Feed for the stupid.

      Those loans saved businesses, and our economy would be worse off than it is without those bailouts. I can't even imagine the unemployment that we would be looking at without that loan program. It was designed to save jobs, and keep some cash in our failing COVID economy. Put forth by Trump...  Old Joe  ---  (Washington, D.C.) — U.S. President Joe Biden today signed into law the PPP Extension Act of 2021—legislation introduced by U.S. Senate Committee on Small Business & Entrepreneurship Chair Ben Cardin (D-Md.) and U.S. Senators Susan Collins (R-Maine) and Jeanne Shaheen (D-N.H.) to extend the deadline for the Paycheck Protection Program to May 31. The bill also gives the U.S. Small Business Administration an additional month through June 30 to process any backlogged applications.

      It is up to the Government to prosecute anyone that is not abiding by their loan contract. As they were responsible for making those loans. Too bad they did not have a better system to assure Tax payers, the loans went to reputable people.

      1. Fayetteville Faye profile image61
        Fayetteville Fayeposted 22 months agoin reply to this

        President Biden tightened up the program with increased regulation which should have been initially a part of the program to begin with.  The fraud is also being actively prosecuted.  But regardless taxpayers are still on the hook for the houses cars and jewelry purchased to the tune of billions by fraudsters.

        1. Sharlee01 profile image89
          Sharlee01posted 22 months agoin reply to this

          So you feel our government won't go after those that committed fraud? You may be right we have an administration that is very inept at getting anything done.

          We will also pay for Biden's forgiving student loans. That's a fact,
          no fraud money there to go after. Just plain free cash.

          The analogy between loans that need to be paid back if fraud occurs, and free cash makes no sense in my view. I guess some will buy that, jump on the media bandwagon, and share it.  Me, I see two very different expenditures.  To make it very simple, one has a payback clause. The other does not.

          1. Fayetteville Faye profile image61
            Fayetteville Fayeposted 22 months agoin reply to this

            Many people, amounting to billions of dollars, obtained these loans fraudulently and have not had to pay them back. Yes this administration has pursued prosecutions.
            The PPP program was put into place with little thought and regulation toward vetting applicants. Thus we have the problem we do.
            Ultimately my point is only to say both the student loan  forgiveness and the PPP can be questioned in terms of their usefulness and later impact. It always seems to go back to tribal politics and the  my team is right no matter mentality I've only pointed out PPP to say each "side" has had it's blunders throughout history. Anyone who wants to stay on their team is going to experience a loss 50% of the time.   Teams expect fealty without critical thinking.

  7. GA Anderson profile image88
    GA Andersonposted 22 months ago

    If the media voice follows the path of the comments here, the White House's introduction of the 'PPP comparisons' has been successful. They have diverted from the question of the action to irrelevant rationale comparisons. They have diverted from the questioning of right or wrong to questioning the politics of the action.

    Sheesh. The action of forgiving these student loans is an abrogation of voluntary legal agreements by fiat of an executive order tied to Covid-19 authorizations to avoid Congressional involvement.

    I don't think that description is reasonably deniable. Starting from there, where would the comparisons of PPP be relevant if not in efforts to justify a wrong?

    GA

 
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Marketing
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