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Do PPP next!
We could solve the debt ceiling by clawing back the few trillion in free money we gave away during covid
hahaha correct. But they wouldn’t dare.
The PPP helped businesses pay their employees. Not the same at all.
David – so socialism is okay when it goes directly to employees instead of helping create employees?
Take that math back to Venezuela!
JJ – You have your math incorrect. If ALL employed Americans weren’t paid, then NO ONE would have money. Nothing about politics.
Apples and oranges.
Bureaucrats forced our companies to shutter their doors against our will…no one forced a kid to go to private college to incur six figure debt on their “gender studies degree.”
The GOP would rather give the wealthy more tax breaks than help the student debt borrowers that are struggling to pay their bills.
Student debt can’t be eliminated via bankruptcy. So allow individuals that over borrow erase their debt through bankruptcy but not allow student debt.
Donald Trump businesses filed bankruptcy 6 times.
Agreed and it’s such a joke. Everyday more loans are flowing to current colleges students. The system needs broken.
Pay the debts that are owed. I would get rid of the interest, if regular and timely payments are made.
This is typical of Republicans, who are very generous with our tax dollars when giving tax breaks and incentive dollars to business owners, yet unwilling to help the most needy of our citizens. They always claim the tax breaks and incentives they hand out to business owners will “trickle down” in the form of higher wages and more jobs. Yet, time and again, this economic theory has been proven to be ineffective in stimulating economic growth for the lower and middle class citizens. This is why the disparity of wages and wealth in our country has grown significantly over the past 40 years and why more people are living paycheck-to-paycheck and in poverty. PPP loans and the Employee Retention Credit (ERC) are just two recent examples of our elected officials (both sides of the aisle) transferring tremendous amounts of wealth to the wealthiest of our citizens. There is always a new scheme on the horizon.
Also note one of the parties suing to stop this program is SoFi, an entity whose business model is based upon convincing student loan debtors to consolidate their loans due to the government (one loan for each semester of borrowing) into a single loan, often at a higher overall interest rate then the borrower would be paying, with the protection for SoFi of government security of the loan and no ability of the borrower to discharge the debt in bankruptcy, regardless of the financial hardships they may encounter in life. Some borrowers will end of paying the equivalent of three or four times the amount borrowed in interest and never completely payoff the principal balance in full.
IBJ–you realize, right–that this will never pass the Senate, or get to the President’s desk? It’s pure partisan politics. Worthless exercise.