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.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The Pentagon policy bill’s next big stumbling block: Kevin McCarthyIf the speaker loads up the bill with conservative measures, he could lose crucial Democrats.
Read more »
New congestion-pricing toll on NYC drivers has NJ Democrats furiousInside the furious debate over New York City's new tax on drivers, which New Jersey Democrats are fighting against tooth and nail
Read more »
AOC urges Democrats to try to rein in Supreme Court after series of conservative-leaning decisionsRep. Alexandria Ocasio-Cortez on Sunday excoriated the US Supreme Court for “overreach and abuse of power” after a series of conservative-leaning decisions.
Read more »
Democrats' 2024 calendar uncertain as primary elections draw nearVoters are expected to cast their first ballots in the 2024 presidential primaries in less than seven months, but the Democratic Party's schedule for when voters cast their primary ballots remains unsettled.
Read more »
Why Democrats Should Make the Supreme Court a Priority in 2024After Roe v. Wade was reversed, Democrats learned how damaging a conservative Court could be — and how rewarding it might be to fight.
Read more »