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Started By
Message
re: What’s the consensus on ppp loans
Posted on 7/1/23 at 8:48 am to fareplay
Posted on 7/1/23 at 8:48 am to fareplay
The principal difference between PPP loans and student loans is loan forgiveness was passed by congress for PPP loans and not for student loans.
If you want student loans forgiveness then congress is required to pass the required legislation.
If you want student loans forgiveness then congress is required to pass the required legislation.
2
Posted on 7/1/23 at 8:48 am to cuyahoga tiger
quote:
$$ that were earmarked for payroll, simply gets used for capital improvements.
Capital improvements like a beach house?
Posted on 7/1/23 at 8:48 am to fareplay
quote:
Having a business fail is normal as well no? Just like there are dumb students, there are businesses that deserve to close
Deserve? bullshite. The Fed Govt forced them into this situation.
Posted on 7/1/23 at 8:49 am to GumboPot
You’re not wrong. They’d actually have a better shot than EO like they knew would be unconstitutional.
Posted on 7/1/23 at 8:49 am to fareplay
It was a shitty law that passed 415-3 in the House and 93-7 in the Senate.
Propose a student loan bill if you want to get that done and see where it goes.
Yay! Representative Democracy!
Propose a student loan bill if you want to get that done and see where it goes.
Yay! Representative Democracy!
Posted on 7/1/23 at 8:49 am to fareplay
Businesses failing is fine.
Business failing because gov shoots down the economy is not…. That’s not a business flaw. Providing assistance after forced shutdown was reasonable and necessary.
Student loans also got reasonable and necessary assistance known as deferments.
Business failing because gov shoots down the economy is not…. That’s not a business flaw. Providing assistance after forced shutdown was reasonable and necessary.
Student loans also got reasonable and necessary assistance known as deferments.
Posted on 7/1/23 at 8:49 am to fareplay
Because governments forced the shutdown of businesses with threats of arrest, taking away their ability to pay their employees and keep the businesses running. We had no choice. Adults made the choice to take out loans to get a degree that would not provide the level of income to pay back the loans.
Why is this so hard to understand?
Why is this so hard to understand?
Posted on 7/1/23 at 8:50 am to GumboPot
I know what’s why I’m asking why congress decided one vs other
Posted on 7/1/23 at 8:50 am to fareplay
quote:Sure it was a scam. But, PPPs had forgiveness built into it if you did certain things. Student loans were taken out with the knowledge they had to be paid back. The two things are not even in the same stratosphere except to the screamers. One was done under "emergency" situation that was created by our government. The other was not.
Were they a scam by the rich? How come student loans isn’t ok but ppp is? Why wouldn’t congress create law for one but other
Posted on 7/1/23 at 8:50 am to fareplay
Bad policy in response to bad policy.
Not comparable in any way to student loans.
Not comparable in any way to student loans.
Posted on 7/1/23 at 8:51 am to fareplay
quote:
I know what’s why I’m asking why congress decided one vs other
Did Congress force students to take these loans out?
Posted on 7/1/23 at 8:52 am to Azkiger
No but they made it super easy for 17 year olds to apply and didn’t do due diligence
This post was edited on 7/1/23 at 8:53 am
Posted on 7/1/23 at 8:52 am to fareplay
quote:
I know what’s why I’m asking why congress decided one vs other
They could, but these are not even close to the same thing.
Posted on 7/1/23 at 8:52 am to fareplay
quote:
How come student loans isn’t ok but ppp is?
When the government forces people to attend college like they forced businesses to shut down, then I'll be o.k. forgiving college debt too.
Posted on 7/1/23 at 8:52 am to Azkiger
quote:
Because BigGov forced them to shut down through no fault of their own?
BigGov didn't allow me to collect over 100k just in 2020 in passive rents from my properties, yet I got no relief. Not even property tax relief.
I got a big frick you.
Posted on 7/1/23 at 8:54 am to fareplay
quote:
Why not let them go bankrupt? Strong survive.
Many were forced to close by the government. How can you survive when you have the penalty of jail time if you try and stay open? The 2 are not comparable. The schools did not close, they just went online during the pandemic, so you could still work toward your degree.
Posted on 7/1/23 at 8:54 am to fareplay
quote:
No but they made it super easy for 17 year olds to apply
Easy for what? College? Of course it is. That's the point. So are credit cards.
Posted on 7/1/23 at 8:54 am to fareplay
You have 2 entirely different issues.
- Student loans are an Investment into your future and the choice is yours to make. Nobody is forcing you to do it.
- PPP was offered due to a gov lockdown in order to sustain businesses and employees.... they had no choice in it.
- Student loans are an Investment into your future and the choice is yours to make. Nobody is forcing you to do it.
- PPP was offered due to a gov lockdown in order to sustain businesses and employees.... they had no choice in it.
Posted on 7/1/23 at 8:54 am to momentoftruth87
quote:
I live in a pretty lib state that was heavily restricted and nobody around me lost their jobs etc.
So none of the restaurants in your liberal state closed their doors? Retail shops didn’t cut back? Construction work didn’t slow down?
Posted on 7/1/23 at 8:54 am to fareplay
quote:
No but they made it super easy for 17 year olds to apply and didn’t do due diligence
I'll agree all day long that that was stupid and they should stop with the government guaranteed student loans immediately.
But the 17 year olds still took out their loans of their own free will. People didn't have a choice about closing their businesses.
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