5 ms·

It's been interesting seeing people freak out about the stimulus checks and student debt forgiveness and just... forget about PPP. I don't get it.

ryandrake 4y ago
It's also interesting that politicians want to means-check every penny that goes to the general public, including the stimulus and debt forgiveness but also welfare, food stamps, medicaid, and so on. It's imperative that nobody is taking advantage of the system! But when it comes to PPP and other handouts to corporations, suddenly they have no way to means-check or figure out in some other way whether the recipient actually needs it.
- deleted 4y ago
  [deleted]
- ProfessorLayton 4y ago
  Interestingly this is missing an important piece of context that led to PPP in the first place: A novel worldwide pandemic that was/is killing a lot of people and forced businesses to close — causing an immediate and brutal financial emergency for small businesses in particular. Small businesses account for roughly 60% of all jobs in the U.S. Yes, adding processes to reduce fraud would've been helpful in reducing waste, but how do you suppose that should've happened? What kind of infrastructure do we have to means test that many businesses? Could it have happened within a typical pay period or two? How were workers/businesses supposed to eat and pay bills until then?
houstonn 4y ago
It is interesting how stimulus checks and PPP aren't treated the same way. However, debt forgiveness is not the same. The government did not compel students into debt. They did compel businesses to close and people to lose their income.
anon291 4y ago
To be clear... I support stimulus checks and PPP, but not student loan forgiveness. I do believe that those whose educations wer disrupted by the pandemic should be compensated by having their loans forgiven. This has to do with government mandates causing monetary harm.
hirvi74 4y ago
It's also interesting how many politicians who received PPP loans are against student debt forgiveness too.
thomasjudge 4y ago
$2.3 Trillion Trump tax cuts
phpisthebest 4y ago
Then you are in a political bubble being spoon-feed reactionary commentary, because there are all kinds of outrage over PPP fraud and abuse
xfsdfdsfd 4y ago
It was bipartisan. Both parties voted for it. The student debt forgiveness is not bipartisan and even controversial within the Democratic Party.
onlyrealcuzzo 4y ago
People get pissed off when their neighbor gets something and they don't. They aren't even usually aware when the rich guy in the other neighborhood got a handout.
johncessna 4y ago
Getting forgiveness on loans that you chose to take for a school you couldn't afford otherwise is different than getting money from the government after local governments forcibly shut your business down.

ryandrake 4y ago

It's also interesting that politicians want to means-check every penny that goes to the general public, including the stimulus and debt forgiveness but also welfare, food stamps, medicaid, and so on. It's imperative that nobody is taking advantage of the system! But when it comes to PPP and other handouts to corporations, suddenly they have no way to means-check or figure out in some other way whether the recipient actually needs it.

deleted 4y ago
[deleted]
ProfessorLayton 4y ago
Interestingly this is missing an important piece of context that led to PPP in the first place: A novel worldwide pandemic that was/is killing a lot of people and forced businesses to close — causing an immediate and brutal financial emergency for small businesses in particular. Small businesses account for roughly 60% of all jobs in the U.S. Yes, adding processes to reduce fraud would've been helpful in reducing waste, but how do you suppose that should've happened? What kind of infrastructure do we have to means test that many businesses? Could it have happened within a typical pay period or two? How were workers/businesses supposed to eat and pay bills until then?

houstonn 4y ago

It is interesting how stimulus checks and PPP aren't treated the same way. However, debt forgiveness is not the same. The government did not compel students into debt. They did compel businesses to close and people to lose their income.

anon291 4y ago

To be clear... I support stimulus checks and PPP, but not student loan forgiveness. I do believe that those whose educations wer disrupted by the pandemic should be compensated by having their loans forgiven. This has to do with government mandates causing monetary harm.

hirvi74 4y ago

It's also interesting how many politicians who received PPP loans are against student debt forgiveness too.

thomasjudge 4y ago

$2.3 Trillion Trump tax cuts

phpisthebest 4y ago

Then you are in a political bubble being spoon-feed reactionary commentary, because there are all kinds of outrage over PPP fraud and abuse

xfsdfdsfd 4y ago

It was bipartisan. Both parties voted for it. The student debt forgiveness is not bipartisan and even controversial within the Democratic Party.

onlyrealcuzzo 4y ago

People get pissed off when their neighbor gets something and they don't. They aren't even usually aware when the rich guy in the other neighborhood got a handout.

johncessna 4y ago

Getting forgiveness on loans that you chose to take for a school you couldn't afford otherwise is different than getting money from the government after local governments forcibly shut your business down.