MAHMOUD BENNETT: MANY REPUBLICANS ARE UNHAPPY OVER THE BIDEN ADMINISTRATIONS MOVE TO FORGIVE THE STUDENT LOANS OF MILLIONS OF AMERICANS – ARGUING MONEY CAN’T JUST DISAPPEAR
BUT THE WHITE HOUSE IS NOW TAKING A JAB – SHARING A THREAD OF REPUBLICAN LAWMAKERS WHO PREVIOUSLY ACCEPTED LOANS – PART OF WHICH WERE SUBSEQUENTLY *FORGIVEN BY THE FEDERAL GOVERNMENT*
CONGRESSWOMAN MARJORIE TAYLOR GREENE, CONGRESSMAN MATT GAETZ AND CONGRESSMAN MIKE KELLY WERE AMONG SEVERAL ACCOUNTS THE OFFICIAL WHITE HOUSE TWITTER ACCOUNT RETWEETED ALONGSIDE THESE FIGURES
DATA SHOWS EACH OF THEM WERE BENEFICIARIES OF LOANS THROUGH THE PAYMENT PROTECTION PLAN. INTENDED TO KEEP BUSINESS RUNNING DURING THE PANDEMIC.
THOSE NUMBERS ON SCREEN ARE THE PORTIONS OF THEIR DEBTS THAT WERE WIPED AWAY.
IT’S LOAN FORGIVENESS WITH ONE KEY DIFFERENCE: PPP LOANS WERE AUTHORIZED AT THE START OF THE COVID-19 PANDEMIC BY CONGRESS WITH THE INTENTION OF BEING FORGIVEN – PROVIDED BORROWERS MET CERTAIN QUALIFICATIONS. BIDEN’S DECISION ON FEDERAL STUDENT LOANS WAS ESSENTIALLY UNILATERAL
SUPPORTERS OF BIDEN’S MOVE WERE QUICK TO STAND BEHIND THE WHITEHOUSE POINTING OUT PRECEDENT FOR LOAN FORGIVENESS – WHILE OTHERS ARGUE FORCED GOVERNMENT SHUTDOWNS MADE IT DIFFERENT BACK THEN