Friday, August 26, 2022

The Spin

So the democrats, in defense of their student loan debt cancellation program, are comparing student loans to PPP loans doled out during the pandemic. Specifically, they target Republicans who had their PPP loans forgiven but who have been critical of Biden’s latest vote-buying scheme. Apples and oranges, people. Recall PPP is an abbreviation for paycheck protection program, payments made to businesses crippled by pandemic shutdowns to pay their employees and keep the lights on. A requirement existed that businesses had to retain staff, and it served as a bridge to keep the business afloat in the midst of massive government-mandated shutdowns. How exactly does that compare to college students making poor decisions in choosing expensive schools where they pursued unmarketable courses of study or graduate students seeking professional degrees or MBAs who will soon be high earners? It doesn’t. Whatever happened to that “pay your fair share” mantra that the democrats wheel out every time there is a progressive tax increase? The end result will be higher tuition, higher inflation, and higher taxes as everyday working Americans struggle to pay off the $300 billion price tag. I don't know about you, but this whole sham has my knickers in a twist!

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