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So was giving millions away to wealthy people as forgiven PPP loans.

by nextstep 4y ago

umvi 4y ago
Right, but this seems like a "two wrongs make a right" argument.
- neves 4y ago
  No, it is a demonstration that the "printing money" argument is completely empty and that we show argue about the impact of the decision.
- MisterBastahrd 4y ago
  Except it isn't. PPP loans were offered as a stopgap measure to stem unemployment during a pandemic. Most people just pocketed the money because they weren't actually doing that badly. I could have taken one and didn't and I regret it now, but that's water under the bridge. It's just funny that all of the opportunists out there who are crying about student loans had no problem taking many multiples worth of PPP loans to line their pockets. The comparison between a student loan and consumer debt at the end of that article though? Utter braindeadedness.
  - bcassedy 4y ago
    I feel like so much of the sentiment boils down to some people objecting to someone else benefiting from government spending and some other people having suffered so they think everyone else should suffer too.
  - AlexandrB 4y ago
    Indeed. I recently heard that many conservative podcasts - businesses that would have benefitted from the lockdowns - took PPP loans. Railing against student loan forgiveness is just "fuck you, got mine".
- blipvert 4y ago
  Mmm, not really - that’s more “an eye for an eye” stuff. This is just calling out the kind of hypocrisy of people like MTG who got $183K of PPP loans forgiven but rails against students
- kelseyfrog 4y ago
  It points out a hypocrisy implicit in the simplicity of "don't print money." When people complain that "you did this for them but suddenly you have a problem when it's for me?" are pointing out this hypocrisy. "This is different," requires an explanation for how, because otherwise it looks like, "Don't print money for plebs," or "Don't print money for students," or "Don't print money for non-business owners," is as accurate as it needs to be.
Mountain_Skies 4y ago
PPP loans had conditions from the very beginning for both acceptance and forgiveness. Additionally, they were a bribe to businesses to not have the government overthrown for the government actions that were going to make almost every business bankrupt. Neither is true for student loans. The "HA! GOTCHA!" talking point of so-and-so took a PPP loan and had it forgiven ignores both of these realities. They were designed from day one to be forgiven and to keep businesses from simply closing down and ending the economy, food distribution, and almost every other part of modern society.
- wszfahwbwbaha 4y ago
  I'm assuming you received a PPP loan?
- NoSorryCannot 4y ago
  Sorry, students. We can't forgive any debt for you because you weren't a credible threat to the government.
autokad 4y ago
people were told they were not allowed to work their business. they had employees to pay for. going to college (let alone how you fund your college) is a choice. These are very different things. This is just Biden taking tax payer money from everyone to give money to people who voted for them (vote for me again ok? I gave you money). that's what this is about, its not about 'the plight of young people'. not that they have a plight. I'd give everything I own for 10x their debt and to be young again. Another interesting thing, where is the liberals going on about whataboutism now? hah.

So was giving millions away to wealthy people as forgiven PPP loans.

umvi 4y ago

Right, but this seems like a "two wrongs make a right" argument.

neves 4y ago
No, it is a demonstration that the "printing money" argument is completely empty and that we show argue about the impact of the decision.
MisterBastahrd 4y ago
Except it isn't. PPP loans were offered as a stopgap measure to stem unemployment during a pandemic. Most people just pocketed the money because they weren't actually doing that badly. I could have taken one and didn't and I regret it now, but that's water under the bridge. It's just funny that all of the opportunists out there who are crying about student loans had no problem taking many multiples worth of PPP loans to line their pockets. The comparison between a student loan and consumer debt at the end of that article though? Utter braindeadedness.
- bcassedy 4y ago
  I feel like so much of the sentiment boils down to some people objecting to someone else benefiting from government spending and some other people having suffered so they think everyone else should suffer too.
- AlexandrB 4y ago
  Indeed. I recently heard that many conservative podcasts - businesses that would have benefitted from the lockdowns - took PPP loans. Railing against student loan forgiveness is just "fuck you, got mine".
blipvert 4y ago
Mmm, not really - that’s more “an eye for an eye” stuff. This is just calling out the kind of hypocrisy of people like MTG who got $183K of PPP loans forgiven but rails against students
kelseyfrog 4y ago
It points out a hypocrisy implicit in the simplicity of "don't print money." When people complain that "you did this for them but suddenly you have a problem when it's for me?" are pointing out this hypocrisy. "This is different," requires an explanation for how, because otherwise it looks like, "Don't print money for plebs," or "Don't print money for students," or "Don't print money for non-business owners," is as accurate as it needs to be.

Mountain_Skies 4y ago

PPP loans had conditions from the very beginning for both acceptance and forgiveness. Additionally, they were a bribe to businesses to not have the government overthrown for the government actions that were going to make almost every business bankrupt. Neither is true for student loans. The "HA! GOTCHA!" talking point of so-and-so took a PPP loan and had it forgiven ignores both of these realities. They were designed from day one to be forgiven and to keep businesses from simply closing down and ending the economy, food distribution, and almost every other part of modern society.

wszfahwbwbaha 4y ago
I'm assuming you received a PPP loan?
NoSorryCannot 4y ago
Sorry, students. We can't forgive any debt for you because you weren't a credible threat to the government.

autokad 4y ago

people were told they were not allowed to work their business. they had employees to pay for. going to college (let alone how you fund your college) is a choice. These are very different things. This is just Biden taking tax payer money from everyone to give money to people who voted for them (vote for me again ok? I gave you money). that's what this is about, its not about 'the plight of young people'. not that they have a plight. I'd give everything I own for 10x their debt and to be young again. Another interesting thing, where is the liberals going on about whataboutism now? hah.