this post was submitted on 28 Dec 2023
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[–] [email protected] 70 points 11 months ago (1 children)

I think this is a good move. Plenty of PPP money was handed out to the wrong people for the wrong reasons. It was a loan after all and the people I'm talking about sure seems to hate the idea of student loans being forgiven.

[–] meco03211 35 points 11 months ago (1 children)

I know just such a jackass. Took almost $100k in PPP loans and had it all forgiven. Goes apoplectic at the notion of forgiving student loans. He definitely employees people with student loans. Wish there was a way that didn't seem just petty as fuck to let them know how their boss wants life to be more difficult for them.

[–] reagansrottencorpse 25 points 11 months ago (1 children)

I don't understand why all these dicks were allowed to get massive loans that they never have to pay back. Wtf.

[–] [email protected] 28 points 11 months ago

Trump and the Republican are why.

The data obtained by POGO appears to show mass close-outs of 2.7 million flags on two separate days near the end of the Trump administration. On a third day shortly before President Joe Biden’s inauguration, the SBA cleared out 99.1% of “special review” flags, almost entirely assigned to the very largest PPP loans above $2 million.

https://www.pogo.org/investigations/the-great-pandemic-swindle-feds-botched-review-of-billions-in-suspect-ppp-loans

The whole program was designed as welfare for wealthy Conservatives like always.