General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI am so confused, I need to understand this.
The court said no to the student loan forgiveness,
but the covid loans were forgiven.
Right?
Businesses walked away with, what? several million? Questionable loans to questionable 'businesses'.
https://www.pandemicoversight.gov/data-interactive-tools/data-stories/how-many-paycheck-protection-program-loans-have-been-forgiven
What is the difference?
Isn't loan forgiveness loan forgiveness?
Is there a legal difference that I'm missing?
live love laugh
(16,383 posts)inthewind21
(4,616 posts)COVID relief was a bill passed by congress. Student loan was an executive order.
Bonx
(2,353 posts)inthewind21
(4,616 posts)will the answer be understood?
Bonx
(2,353 posts)"a man hears what he wants to hear.. And disregards the rest"
inthewind21
(4,616 posts)People hearing without listening. One of my favorites.
SickOfTheOnePct
(8,710 posts)Beautiful Disaster
(667 posts)No such thing exists with the student loan freeze.
Silent Type
(12,412 posts)It's really disappointing that Congress is so split.
Biden is on right now, pushing the income driven loan repayment. It's a really good program until something else is done.
Caliman73
(11,767 posts)Most people who take on student loans are middle class and working class people. A lot of the people who took out PPP Loans were rich owners of businesses.
There has ALWAYS been a preference for the Wealthy in terms of government largess.
Even people in government who were railing about "irresponsible borrowers" of student loans, like Greene were found to have had hundreds of thousands in PPP loans forgiven.
doc03
(39,086 posts)SickOfTheOnePct
(8,710 posts)One was passed by Congress (PPP) and signed by the President.
The other was an Executive Order (student loan forgiveness) that never went through Congress.
It's literally a legal difference - the former is a law, the latter isn't.
Caliman73
(11,767 posts)The executive has certain powers to enact policy through the various administrative agencies.
The SCOTUS ruling was bullshit, not based on anything except the Conservative justices' contempt for anyone except the wealthy.
SickOfTheOnePct
(8,710 posts)I happen to believe the ruling on student debt is the correct one, although I realize that's an unpopular opinion.
inthewind21
(4,616 posts)No legal difference? None at all?
Caliman73
(11,767 posts)The difference is still the beneficiary and motivation.
Why is it that Congress WON'T even touch Student Debt relief?
Why is it that there are subsidies for Wealthy fossil fuel extractors?
The point still stands. Anything that primarily benefits the middle and working classes WILL NOT receive support from the entire Republican Party and from some Democrats.
What motivates legislation between Parties? There is more to it than just "let's make laws".
LAS14
(15,506 posts)...for the President to do on his own. Required congress.
Midnight Writer
(25,410 posts)I think it may have to do with the doctrine called "It's OK If You Are A Republican".