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They are comparable, the number of PPP loans taken out and not used for the intended purpose is quite high, and there is massive fraud, yet those are forgiven.
by ohthatsnotright 3y ago
They are comparable, the number of PPP loans taken out and not used for the intended purpose is quite high, and there is massive fraud, yet those are forgiven. Everyone is arguing in circles on this or speaking past each other. The HEROES Act allowed for modifying loan terms. Regardless, PPP loans should not have been forgiven as they where without following the law Congress passed. So, now, let's do PPP loans.
- infamouscow 3y ago> They are comparable, the number of PPP loans taken out and not used for the intended purpose is quite high, and there is massive fraud, yet those are forgiven. You're conflating forgiveness with fraud. The Small Business Administration, FBI, DoJ, and IRS are all investigating fraudulent loans. > Everyone is arguing in circles on this or speaking past each other. The HEROES Act allowed for modifying loan terms. The HEROES Act was passed by Congress. Congress can do whatever it wants with those tax dollars because they controls taxes, not the executive branch. > Regardless, PPP loans should not have been forgiven as they where without following the law Congress passed. So, now, let's do PPP loans. "Should not" is your opinion. And again, Congress can do whatever it wants with those tax dollars. It seems like your position is Congress should do something about student loans, but lack a convincing argument to persuade the electorate and Congress.