Biden Bails Out Losers With Worthless College Degrees

[Encroaching Death]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

hypocritical Republicans are so against it, you know, the ones who had billions in PPP loans forgiven, many of whom used not a cent for payroll

1. Government-forced business shutdown was not a choice. Getting a loan to go to college is a choice.

2. You HAVE to use PPP money on payroll. Payroll is the largest expense for a business.

[Reiwa]

Originally Posted by Encroaching Death [You must be logged in to view images. Log in or Register.]

2. You HAVE to use PPP money on payroll. Payroll is the largest expense for a business.

EIDL?

[Encroaching Death]

Originally Posted by Reiwa [You must be logged in to view images. Log in or Register.]

EIDL?

Yeah, all of those loans are like that.

We got two loans in 2020 for my business.

We even opened a separate bank account for them to avoid penalties.

[Reiwa]

Originally Posted by Encroaching Death [You must be logged in to view images. Log in or Register.]

Yeah, all of those loans are like that.

We got two loans in 2020 for my business.

We even opened a separate bank account for them to avoid penalties.

Productive relief is simply better. Market intervention goes brr.

[Lune]

Originally Posted by Evia [You must be logged in to view images. Log in or Register.]

so to sum this up, the majority of americans are not that smart with money. They made terrible decisions with their own finances because they saw education as their 'get rich' dream and it didnt pan out.

we better bail them out or demolish capitalism as a response. Or even better, stick it to the republicans because of ??Reasons??

seems like sound and sane logic.

The upper middle class white experience for millions was this: "You need to go to college at all costs in order to make something of your life". This wisdom was dispensed by a generation that could support a family of 4 on one income driving a taxi cab or being a custodian, but they saw that the caste above them were all college educated, and in that time a college degree was several orders of magnitude more valuable.

By the time both boomer and millennial zeitgeist knew things had changed, it was already too late.

Yes, a huge part of the problem was people majoring in gender studies and then working at Starbucks, but that's a meme and it's far from the whole story. It mirrors all the people leading up to 2008 who bought houses with mortgages they could never afford, thinking the future would always be like the past.

All of these people made mistakes. The one and only part that pisses me off is that it's only ever corporations that get bailouts when they make mistakes, ordinary people are just told to kick rocks. At the very least, industries that are too big to fail, and then fail, should be partly or wholly nationalized, or at least broken up.

Essentially every single regulation put in place after 2008 to ensure it didn't happen again was dismantled by Republicans.

So it's half about justice in bailing out my generation, and half about my deep-seated hatred of Republicans and opposing them at every step of the way. Opposition to student loan forgiveness is 100% driven by corporations or financial elite (I'm not talking about common folk bitching on facebook, I'm talking about the initiators of lawsuits and legislation), all with the sole purpose of suppressing labor freedom and ensuring a steady supply of wage slaves. (This is also a large part of why healthcare is tied to employment in the US).

Originally Posted by Encroaching Death [You must be logged in to view images. Log in or Register.]

1. Government-forced business shutdown was not a choice. Getting a loan to go to college is a choice.

2. You HAVE to use PPP money on payroll. Payroll is the largest expense for a business.

lol, what you "have" to do doesn't fucking matter one bit when you strip the program of any oversight or enforcement. The PPP was rife with fraud.

Also, at the end of the day, IT'S CAPITALISM BITCH. The vast majority of those businesses weren't shut down, or when they were, it wasn't for long-- the true decimation of business during the pandemic was the long period in which many people were afraid or reluctant to go into public.

Your business is too weak and shitty to survive a pandemic? You deserve to go out of business. It's not the taxpayers' fucking job to bail you out. This is precisely how I feel about student loans as well. The difference is, we live in a reality where the government is constantly handing out bailouts to corporations and business elites, and to nobody else.

That's the part I take issue with and why I think some of the student debt should absolutely fucking be forgiven.

[Encroaching Death]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

lol, what you "have" to do doesn't fucking matter one bit when you strip the program of any oversight or enforcement. The PPP was rife with fraud.

Also, at the end of the day, IT'S CAPITALISM BITCH. The vast majority of those businesses weren't shut down, or when they were, it wasn't for long-- the true decimation of business during the pandemic was the long period in which many people were afraid or reluctant to go into public.

Your business is too weak and shitty to survive a pandemic? You deserve to go out of business. It's not the taxpayers' fucking job to bail you out. This is precisely how I feel about student loans as well. The difference is, we live in a reality where the government is constantly handing out bailouts to corporations and business elites, and to nobody else.

That's the part I take issue with and why I think some of the student debt should absolutely fucking be forgiven.

Yes, you HAVE to spend PPP on expenses (AKA payroll).

The government forcing your business to shutdown is the opposite of Capitalism.

If the government forces you to close, they have a responsibility to reimburse that company.

All that money goes directly to employees. If it doesn't, you get fucked in the ass.

We got enough to cover payroll for 2 months in 2020, and another 2 months in 2021. I've been through the process. Twice.

Sorry you majored in Lesbian Dance Theory and no one wants to hire you. That sucks you owe $200,000 [You must be logged in to view images. Log in or Register.]

[Lune]

Originally Posted by Encroaching Death [You must be logged in to view images. Log in or Register.]

Yes, you HAVE to spend PPP on expenses (AKA payroll).

The government forcing your business to shutdown is the opposite of Capitalism.

If the government forces you to close, they have a responsibility to reimburse that company.

All that money goes directly to employees. If it doesn't, you get fucked in the ass.

We got enough to cover payroll for 2 months in 2020, and another 2 months in 2021. I've been through the process. Twice.

Sorry you majored in Lesbian Dance Theory and no one wants to hire you. That sucks you owe $200,000 [You must be logged in to view images. Log in or Register.]

Massive amounts of PPP loans were given to companies that were never forced to close, as well as given long after they were allowed to reopen. The IRS is so backlogged with fraudulent PPP loans it is going to take them 20 years to get through them all, if they even bother.

Also, I don't owe jack shit.

Yea it's cringe to flaunt money but I just want you dipshit Trump cultists to see that I never had to work a day in my life if I didn't want to, and I still won the capitalism you supposedly hold so sacred. lol

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[Encroaching Death]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

Massive amounts of PPP loans were given to companies that were never forced to close, as well as given long after they were allowed to reopen. The IRS is so backlogged with fraudulent PPP loans it is going to take them 20 years to get through them all, if they even bother.

Also, I don't owe jack shit.

Yea it's cringe to flaunt money but I just want you dipshit Trump cultists to see that I never had to work a day in my life if I didn't want to, and I still won the capitalism you supposedly hold so sacred. lol

I'm not denying there was fraud.

There will be fraud with the student loan forgiveness if it ever happens too.

You seem to think all PPP money went to Bill Gates or Elon Musk or something.

It didn't. It paid for payroll. MOST people have jobs. If their company fails, there goes their paycheck.

PPP money went directly to employees. I'm sure some were even college students.

[Lune]

Originally Posted by Encroaching Death [You must be logged in to view images. Log in or Register.]

I'm not denying there was fraud.

There will be fraud with the student loan forgiveness if it ever happens too.

You seem to think all PPP money went to Bill Gates or Elon Musk or something.

It didn't. It paid for payroll. MOST people have jobs. If their company fails, there goes their paycheck.

PPP money went directly to employees. I'm sure some were even college students.

Your problem is you seem to think the reason matters.

"Oh PPP is justified because without it, so many people would have been out of business and/or jobless!"

Yet without student loan / education reform, or some form of forgiveness, an entire generation will be saddled with such profound debt as to essentially be condemned to a life of wage-slavery with close to zero discretionary income to power the economy.

Yea, they shouldn't have taken out loans like that and then failed to find a good job. And yea, the businesses should recognize that apocalyptic shit can happen, and you need to have a rainy day fund to stay afloat in tough times, or to adapt and survive.

Bailouts are fucking nonsense both for businesses and individuals. Unfortunately, we live in a world where there are bailouts, and they ONLY go to subsidize hard times for corporations who then keep their profits when spring comes. If we're going to be doing bail-outs, bail out some people who fucking need it for once.

[Reiwa]

Originally Posted by Lune [You must be logged in to view images. Log in or Register.]

Your problem is you seem to think the reason matters.

"Oh PPP is justified because without it, so many people would have been out of business and/or jobless!"

Yet without student loan / education reform, or some form of forgiveness, an entire generation will be saddled with such profound debt as to essentially be condemned to a life of wage-slavery with close to zero discretionary income to power the economy.

Yea, they shouldn't have taken out loans like that and then failed to find a good job. And yea, the businesses should recognize that apocalyptic shit can happen, and you need to have a rainy day fund to stay afloat in tough times, or to adapt and survive.

Bailouts are fucking nonsense both for businesses and individuals. Unfortunately, we live in a world where there are bailouts, and they ONLY go to subsidize hard times for corporations who then keep their profits when spring comes. If we're going to be doing bail-outs, bail out some people who fucking need it for once.

Bailing out student debtors doesn't produce anything; bailing out businesses do.