Tag: Student loans

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Hey Joe? What part of we’re suing your ass again don’t you understand?

President Joe Biden delivers remarks on student loan debt at Madison College, Monday, April 8, 2024, in Madison, Wis. (AP Photo/Evan Vucci)

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Hey Joe? What part of we’re suing your ass again don’t you understand? Biden has already been rebuked by the Supreme Court, but he keeps on forgiving loans to these deadbeat students who are refusing to pay for loans they took out. No one forced them to take these loans.

Now Biden has come up with another hair brain scheme to get around the courts. We have this from the AP. Seven states led by Missouri filed a federal lawsuit Tuesday challenging Biden’s SAVE Plan, which has become a new legal target for conservative opponents after the Supreme Court toppled the Democratic president’s first attempt at student loan cancellation. It largely mirrors another suit filed last month by Republican attorneys general in 11 states, led by Kansas.

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Why are Progressives comparing the PPP loans to the student loans?

You don't have to pay it back.

Visits: 11

Why are Progressives comparing the PPP loans to the student loans? First I do realize it’s mostly low level white trash and progressive politicians who are making this comparison.

A student loan was a loan to where you sign off that when it’s due, you pay it back. These loans have been paid off by tens of millions.

 The government forcibly locked down hairdressers, family restaurants, and other small businesses, and jeopardized the livelihoods of their employees–as well as their access to employer-provided health care. To address this, Congress worked in a bipartisan way to offer Paycheck Protection Program (PPP) loans to help these businesses and their workers stay afloat. As a result, the program supported 51 million jobs to get through the pandemic across the economy.

Anyone who had a small business could qualify for this. So if say Bill Gates of Microsoft started a small business outside of Microsoft, he would have been eligible for forgiveness. Just like the person who say had a catering hot dog stand outside of their state capitol, same thing.

By contrast, President Biden’s student loan giveaway largely benefits the wealthy, forcing this debt onto lower-income American taxpayers in the form of higher taxes and more inflation.

 

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