Quote Originally Posted by Steely Glint View Post
If they have such a principled objection to the government forgiving debt, then no one was actually forcing them to take loans in the first place. No one forced them to vote for the CARES act that brought the PPP Loan program into being, either.
This. Or, as they put it themselves, if you take a loan pay it back.

And Loki's point is only strengthened by your argument, Wiggin: if it was designed to be forgiven if certain conditions are met.. they voted and passed those conditions, essentially voting on whether they should get money from the government themselves, seems luka a massive conflict of interest to me. And since you brought it up, why exactly are these corporate loans designed to be forgiven, while student loans are designed not only not to be forgiven, but even protected against bankruptcy? Aside from people not making enough deserving to be punished, but companies are to be coddled and bailed out every decade or so? Or is it because those same politicians don't have student debt, but do own companies and shares?

Anyway, maybe I get a little sidetracked, but it's ridiculous that someone who can't pay back is stuck with debt forever, while someone who declares bankruptcy 6 (or is it 7?) times is the messiah of the party of 'fiscal responsibility'. And I don't think it's that silly to point out the hypocrisy.

And for reference, over here, you don't have to do any payments on your student loans if your income is too low, and whatever is not paid back after (I think) 30 years it's forgiven. Seems much more sensible. Of course here the tuition is much, much lower to begin with, and a decent amount is automatically forgiven upon obtaining your degree, and the loans are from the government, so I guess that's too socialist for you guys. But hey, it's not like a well educated society is good for the country (although of course US tuition is outrageously high in some places).