The Biden White House is at it again, and the administration's friends in the media and academia have joined in the same lame arguments.
By comparison, the average amount forgiven for PPP loans was over $70,000.The implication here is that if you supported or benefited from the COVID-era Paycheck Protection Program, you have no standing to criticize President Joe Biden’s lawless student loan forgiveness program.While both PPP and student loan forgiveness involve federal forgiveness of debt, the two are not really comparable. In case you encounter anyone who does sincerely believe that, give them these three counterarguments.
That alone makes them different from student loans, which were designed as loans that were to be paid back. Thousands of businesses had no way to make money. With no money coming in, the only option would have been to lay off all workers. That would have been a complete disaster, and so a bipartisan majority of Congress decided to create this program to make up for the money businesses were losing thanks to lockdowns.
3. PPP was created by Congress. The central fact about Biden’s student loan program is that it was created unilaterally by the executive branch.
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