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Август
2022

Republicans howling about student debt relief didn't hesitate to take PPP money

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One of the big messages from people big angry about President Joe Biden’s student debt relief plan is that it’s just wrong to borrow money and not pay it back, even if you were 17 when the decision was made to borrow the money and it cannot be discharged through bankruptcy like most other debts and the interest means your debt is growing despite your monthly payments. Gosh, lucky for those people there are no other recent cases of government loans being forgiven! 

Oh. Wait. Hang on. What’s that you’re saying about the Paycheck Protection Program (PPP) forgiving $10.2 million in loans, with an average amount of $72,500 forgiven(Disclosure: Kos Media received a Paycheck Protection Program loan.) Huh. Well, I’m sure none of the people angry about student loan forgiveness benefited from that program. 

Uh … whoops.

RELATED STORY: Biden exceeds expectations with student debt relief announcement




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