MTG Loan Forgiveness

[CocoDawg]

Marjorie Taylor Greene says student-loan forgiveness is 'completely unfair' despite the fact her company had loans worth $183,504 forgiven

Data shows that Marjorie Taylor Greene's company, Taylor Commercial, Inc., had $183,504 in Paycheck Protection Program loans forgiven.

www.businessinsider.com

Debt forgiveness for me but not for thee…

 

[anon_q2raz786xy94b]

Can I claim UGA as my university now since I’m paying for someone who went there?

 

[Dawg 'n IT]

Marjorie Taylor Greene says student-loan forgiveness is 'completely unfair' despite the fact her company had loans worth $183,504 forgiven

Data shows that Marjorie Taylor Greene's company, Taylor Commercial, Inc., had $183,504 in Paycheck Protection Program loans forgiven.

www.businessinsider.com

Debt forgiveness for me but not for thee…

Past government bailouts of various sized businesses are worse than student loan bailouts if we keep the focus on who gets what via bailout, but any government bailout that adds to the national debt and/or demands more taxation is bad.

Given our history, present, and future, I wish people wouldn't get caught up in this distraction. This is a pointless battle on both sides given what we face and what is likely coming.

 

[sanforddawg11]

Marjorie Taylor Greene says student-loan forgiveness is 'completely unfair' despite the fact her company had loans worth $183,504 forgiven

Data shows that Marjorie Taylor Greene's company, Taylor Commercial, Inc., had $183,504 in Paycheck Protection Program loans forgiven.

www.businessinsider.com

Debt forgiveness for me but not for thee…

I know this is tough to understand…

PPP loans were given because the government mandated businesses shut down and systematically disrupted American business. And they were awarded to help businesses continue to employ individuals that would otherwise have been laid off, and to be forgiven, the majority had to be spent on payroll.

Criticize how the program was run all you want, the comparison otherwise is a joke for anyone with common sense.

Oh yea, I also missed where student debt transfer went through congress and passed with a huge bipartisan legislative majority. Please send link.

 

[wwforest]

The PPP stated that if you used 60% of the monies for salaries than the loan would not have to be paid back.
The student loan program is a loan which you sign saying you will pay back the loan.
I did not get a PPP. But I am just stating the difference. Correct me if I'm wrong.

 

[CocoDawg]

The PPP stated that if you used 60% of the monies for salaries than the loan would not have to be paid back.
The student loan program is a loan which you sign saying you will pay back the loan.
I did not get a PPP. But I am just stating the difference. Correct me if I'm wrong.

There’s a difference between the loans in regards to how they were structured. But what’s the same is they both will be paid by the tax payers. That’s the argument that’s being made against people who took out student loans receiving $10-20k in relief. But no one is making a stink about having to pay taxes to bail out big businesses. People love to dump on the everyday working class citizens but have no problem hoisting up big businesses.

But no one wants to talk about how these institutions of higher learning are increasing their tuitions yearly but these same companies that require a degree are not increasing their pay yearly for college graduates. That’s a big infrastructure issue in America right now.

 

[wwforest]

There’s a difference between the loans in regards to how they were structured. But what’s the same is they both will be paid by the tax payers. That’s the argument that’s being made against people who took out student loans receiving $10-20k in relief. But no one is making a stink about having to pay taxes to bail out big businesses. People love to dump on the everyday working class citizens but have no problem hoisting up big businesses.

But no one wants to talk about how these institutions of higher learning are increasing their tuitions yearly but these same companies that require a degree are not increasing their pay yearly for college graduates. That’s a big infrastructure issue in America right now.

I can agree somewhat to your first paragraph. My only argument would be that companies were forced to shut down by the government. That is a lot for companies to have to endure at no fault of their own. I would think many would have totally failed if not for some help.

I think everyone would totally agree with your second paragraph. These student loans greatly inflate tuition costs because they are not really market driven. It is a madness that needs to be revisited.

 

[zingerdawg]

Marjorie Taylor Greene says student-loan forgiveness is 'completely unfair' despite the fact her company had loans worth $183,504 forgiven

Data shows that Marjorie Taylor Greene's company, Taylor Commercial, Inc., had $183,504 in Paycheck Protection Program loans forgiven.

www.businessinsider.com

Debt forgiveness for me but not for thee…

I don’t like her. I never have. But some folks in your party you just don’t like. However, the point of the program was to keep businesses afloat. And if her debt was forgiven, it means her business did things the right way. And used the money how it was supposed to be used. These are two totally different situations. One was because of a pandemic. The student loan deal was to give the Bernie supporters something to hang their hat on. No real reason to do it. Just some political payback.

 

[KirbyIsMyDog]

I know this is tough to understand…

PPP loans were given because the government mandated businesses shut down and systematically disrupted American business. And they were awarded to help businesses continue to employ individuals that would otherwise have been laid off, and to be forgiven, the majority had to be spent on payroll.

Criticize how the program was run all you want, the comparison otherwise is a joke for anyone with common sense.

Oh yea, I also missed where student debt transfer went through congress and passed with a huge bipartisan legislative majority. Please send link.

Also, it's completely unfair we have to keep bailing out people who want to live on the coast and get decimated by hurricanes...

 

[9836dawg]

Silly comparison. People new what they were getting into when they accepted the loan. They made a choice. The government didn't force them to take a loan.

The government did, however, force my wife's store to close for three months. Rent alone was 19,500 for that time. Add in insurance, utilities, inventory the operating cost were well over 50,000. That doesn't include lost profits or payroll. In what world should we pay for a forced government shutdown?

 

[litedawg1968]

Situation 1- Covid hits and the Government decides to shut the economy down , but they come up with a plan to keep businesses open and therefore they keep people employed and they pay taxes out of their checks and the businesses stay open and pay Fed tax back into the system for future gains.

Situation 2 - A person buys a car and signs up for the car payment. The government gives them 10k to pay off their car but if you already own your car or dont own a vehicle at all and take the bus or subway every day , you get nothing. This is not fair.

See the difference? Probably not because Coco is a troll with no redeeming value to the Chat at all.

Ask yourselves another question- what if Trump had done this? People on both sides would be going ape shit. You know it and I know it.

 

[CocoDawg]

Situation 1- Covid hits and the Government decides to shut the economy down , but they come up with a plan to keep businesses open and therefore they keep people employed and they pay taxes out of their checks and the businesses stay open and pay Fed tax back into the system for future gains.

Situation 2 - A person buys a car and signs up for the car payment. The government gives them 10k to pay off their car but if you already own your car or dont own a vehicle at all and take the bus or subway every day , you get nothing. This is not fair.

See the difference? Probably not because Coco is a troll with no redeeming value to the Chat at all.

Ask yourselves another question- what if Trump had done this? People on both sides would be going ape shit. You know it and I know it.

I’m not a troll. You guys troll Dems and liberal on here every day with your nonsense. You want to label me a troll in an attempt to get me ban. If anyone actually brings anything of intellect to the chat it’s from the left. You guys on the right just moan and complain and call other people evil.

The most thoughtful rhetoric you guys can come up with is calling people out of there names and making up conspiratorial nonsense. Now that’s trolling!

If I were to call you evil I’m sure I would have a message in my inbox letting me know I’m being banned for being a troll.

 

[Uga_1DawG]

I don’t like her. I never have. But some folks in your party you just don’t like. However, the point of the program was to keep businesses afloat. And if her debt was forgiven, it means her business did things the right way. And used the money how it was supposed to be used. These are two totally different situations. One was because of a pandemic. The student loan deal was to give the Bernie supporters something to hang their hat on. No real reason to do it. Just some political payback.

I wonder how she is doing with the money she invested in the vaccine industry. another RHINO........ imo

 

[Bells76]

Marjorie Taylor Greene says student-loan forgiveness is 'completely unfair' despite the fact her company had loans worth $183,504 forgiven

Data shows that Marjorie Taylor Greene's company, Taylor Commercial, Inc., had $183,504 in Paycheck Protection Program loans forgiven.

www.businessinsider.com

Debt forgiveness for me but not for thee…

she used biden’s laws to do that. No way you can compare operating businesses operating in an environment engineered by democrats and sorry students that ran up debt chasing a degree in social diversity degree for 7 years.

 

[CocoDawg]

she used biden’s laws to do that. No way you can compare operating businesses operating in an environment engineered by democrats and sorry students that ran up debt chasing a degree in social diversity degree for 7 years.

The PPP loans were issued under the Trump admin in case you forgot.

 

[MRDAWG]

I know this is tough to understand…

PPP loans were given because the government mandated businesses shut down and systematically disrupted American business. And they were awarded to help businesses continue to employ individuals that would otherwise have been laid off, and to be forgiven, the majority had to be spent on payroll.

Criticize how the program was run all you want, the comparison otherwise is a joke for anyone with common sense.

Oh yea, I also missed where student debt transfer went through congress and passed with a huge bipartisan legislative majority. Please send link.

Congress forgave the PPP loans even if not spent for their intended purpose in December 2020. This was just before Trump left office.

 

[sanforddawg11]

Congress forgave the PPP loans even if not spent for their intended purpose in December 2020. This was just before Trump left office.

December 2020 guidance:

To get a PPP loan forgiven, businesses needed to make sure 60% of the loan went toward payroll, and the remaining 40% could go toward expenses such as rent, utilities and interest on mortgages. Bradley notes that under the new loan terms, the 60% amount for payroll remains, but the 40% expenses have been expanded.

How to Get Your PPP Loan Forgiven

Paycheck Protection Program loans have helped many companies make it through COVID-19-related disruptions. Here is what businesses need to do to get their PPP loans forgiven.

www.uschamber.com

Here's more Dec 2020 guidance from the SBA noting a whole host of other explicit payroll requirements and hurdles.

https://www.sba.gov/sites/default/files/2020-12/Final%20PPP%20FAQs%20%28December%209%202020%29.pdf

 

[Moosefish]

I’m not a troll. You guys troll Dems and liberal on here every day with your nonsense. You want to label me a troll in an attempt to get me ban. If anyone actually brings anything of intellect to the chat it’s from the left. You guys on the right just moan and complain and call other people evil.

The most thoughtful rhetoric you guys can come up with is calling people out of there names and making up conspiratorial nonsense. Now that’s trolling!

If I were to call you evil I’m sure I would have a message in my inbox letting me know I’m being banned for being a troll.

1. That's not how it works. Bans/blacklists are given out for posting behavior, not political ideology.

2. Both "sides" have had plenty of blacklists/bans...you can ask around how many conversations mods have had with them warning and/or blacklisting them.

3. In the future, the only way to handle complaints about friendly warnings you are given is via DM. Otherwise, those reminders will stop & you'll just have to deal.

4. You've literally told me in the past that you sometimes troll. Thus, you get warnings about it. You're responsible for what you post.

 

[sanforddawg11]

Absolute clowns that run this WH, but expected. They gather their talking points from Twitter and are actually running with this.

 

[sanforddawg11]

 

[CocoDawg]

1. That's not how it works. Bans/blacklists are given out for posting behavior, not political ideology.

2. Both "sides" have had plenty of blacklists/bans...you can ask around how many conversations mods have had with them warning and/or blacklisting them.

3. In the future, the only way to handle complaints about friendly warnings you are given is via DM. Otherwise, those reminders will stop & you'll just have to deal.

4. You've literally told me in the past that you sometimes troll. Thus, you get warnings about it. You're responsible for what you post.

I told you in the past that I don’t mind a little “ribbing” from posters as long as I can give a little back. I guess that could be interpreted as trolling. But as long as you’re consistent, I apologize.

 

[Chopdawg75]

she used biden’s laws to do that. No way you can compare operating businesses operating in an environment engineered by democrats and sorry students that ran up debt chasing a degree in social diversity degree for 7 years.

My Congresswoman. I'm so proud.

Loan was apparently forgiven on Apil 10, 2020. Biden was not president.

 

[MassachusettsDawg]

If I were to call you evil I’m sure I would have a message in my inbox letting me know I’m being banned for being a troll.

You aren't the first chat lib to play the victim like this, and frankly I've never understood it. The mods here are pretty fair when it comes to bans/blacklists; there's no political bias.

I personally have received 3 trips to Chile, and I'm certainly no chat lib.

 

[agentorange70]

Past government bailouts of various sized businesses are worse than student loan bailouts if we keep the focus on who gets what via bailout, but any government bailout that adds to the national debt and/or demands more taxation is bad.

Given our history, present, and future, I wish people wouldn't get caught up in this distraction. This is a pointless battle on both sides given what we face and what is likely coming.

because past legislation was not ideal, it means you should be raped by present and future legislation

 

[agentorange70]

intervention into contracts already made,... this is purely buying votes and securing election promises

 

[Bells76]

The PPP loans were issued under the Trump admin in case you forgot.

okay, she used both trumps and bidens laws. I don’t GAS. Point remains, you can’t compare working businesses with student loans

 

[Cayle16]

I’m not a troll. You guys troll Dems and liberal on here every day with your nonsense. You want to label me a troll in an attempt to get me ban. If anyone actually brings anything of intellect to the chat it’s from the left. You guys on the right just moan and complain and call other people evil.

The most thoughtful rhetoric you guys can come up with is calling people out of there names and making up conspiratorial nonsense. Now that’s trolling!

If I were to call you evil I’m sure I would have a message in my inbox letting me know I’m being banned for being a troll.

I’m not trying to get you banned but you are, by far, the biggest troll on the board. And the most blind to the way things work in your side of politics.

 

[wcbowen]

I know this is tough to understand…

PPP loans were given because the government mandated businesses shut down and systematically disrupted American business. And they were awarded to help businesses continue to employ individuals that would otherwise have been laid off, and to be forgiven, the majority had to be spent on payroll.

Criticize how the program was run all you want, the comparison otherwise is a joke for anyone with common sense.

Oh yea, I also missed where student debt transfer went through congress and passed with a huge bipartisan legislative majority. Please send link.

I can for sure see your point but in many cases PPP was a complete failure. I have no idea if MTG really needed to the cash to make payroll or not. But in many, many cases, business owners took the money, and it turned out the business was fine and they were able to just keep it. Did they give all employees a bonus? Maybe but in most cases i have seen, this went straight to the owner.

In many cases the PPP kept businesses open and employees getting paid, but there was a lot that was not needed. Should they have done the right thing and paid it back? Not my place to say.

I agree the correlation between the 2 is not perfect, but it is still a bad look in my opinion. I would be interested to know if MTG really used the money to keep the doors open or if it just ended up being funneled to her bottom line. I am not sure construction was all that hurt by the pandemic (other than slower due to supply chain issues). I don't believe construction was forced to close down.

 

[sanforddawg11]

I can for sure see your point but in many cases PPP was a complete failure. I have no idea if MTG really needed to the cash to make payroll or not. But in many, many cases, business owners took the money, and it turned out the business was fine and they were able to just keep it. Did they give all employees a bonus? Maybe but in most cases i have seen, this went straight to the owner.

In many cases the PPP kept businesses open and employees getting paid, but there was a lot that was not needed. Should they have done the right thing and paid it back? Not my place to say.

I agree the correlation between the 2 is not perfect, but it is still a bad look in my opinion. I would be interested to know if MTG really used the money to keep the doors open or if it just ended up being funneled to her bottom line. I am not sure construction was all that hurt by the pandemic (other than slower due to supply chain issues). I don't believe construction was forced to close down.

PPP loans were legislated to be forgiven from the very beginning, for obvious reasons (see below). There is no comparison here. The government's intention was to shut off economic activity. Even beyond "shut downs", they imposed severe limits on businesses and consumers (for ex. capacity limits for restaurants).

Again, criticize the administration of the program, they did it as the federal government does. Inefficient and riddled with errors.

 

[Georgia Jim]

I’m not a troll. You guys troll Dems and liberal on here every day with your nonsense. You want to label me a troll in an attempt to get me ban. If anyone actually brings anything of intellect to the chat it’s from the left. You guys on the right just moan and complain and call other people evil.

The most thoughtful rhetoric you guys can come up with is calling people out of there names and making up conspiratorial nonsense. Now that’s trolling!

If I were to call you evil I’m sure I would have a message in my inbox letting me know I’m being banned for being a troll.

Sounds like the voice of experience......Conservative Nonsense = Commonsense

 

[KidneyStoned]

she used biden’s laws to do that. No way you can compare operating businesses operating in an environment engineered by democrats and sorry students that ran up debt chasing a degree in social diversity degree for 7 years.

PPP was passed into law by the Trump administration. Trump was the President during the shutdowns and the mask mandates. More locally, Kemp was the Governor during the same.

It’s hilarious to hear y’all screech about these things … you don’t even remember these simple facts.

 

[Bells76]

PPP was passed into law by the Trump administration. Trump was the President during the shutdowns and the mask mandates. More locally, Kemp was the Governor during the same.

It’s hilarious to hear y’all screech about these things … you don’t even remember these simple facts.

oh I remember, which is why I distrust him. By promoting the vaccine, I assume he is in the pocket of big pharma.

what’s hilarious is watching you take Trumps side on this

 

[KidneyStoned]

oh I remember, which is why I distrust him. By promoting the vaccine, I assume he is in the pocket of big pharma.

what’s hilarious is watching you take Trumps side on this

PPP was a good idea. I do not agree with the criticism of PPP borrowers. Your loan was forgiven if you used the funds for payroll and business rent. The WH trying to shame PPP borrowers that criticize student loan forgiveness is lame.

 

[KidneyStoned]

But there is a disconnect from reality about the government’s response to the virus. The constant stream of posts about the shutdown, vaccine, mask mandates etc being a “libtard” thing just makes me scratch my head.

We had a Republican President, a Republican controlled Congress, a Republican Governor in Georgia … the Republican Party designed and controlled the nation’s response to the virus.

 

[atlanta cock#]

But there is a disconnect from reality about the government’s response to the virus. The constant stream of posts about the shutdown, vaccine, mask mandates etc being a “libtard” thing just makes me scratch my head.

We had a Republican President, a Republican controlled Congress, a Republican Governor in Georgia … the Republican Party designed and controlled the nation’s response to the virus.

That’s not the point. The GOP Leaders were lied to by ppl like Fauci and Birx. Once they began to figure it out, and how the Dems made it political, red state leaders opened up. Blue states did not. Blue universities and the Teachers union, are still pushing the crap.

 

[Lady43]

There’s a difference between the loans in regards to how they were structured. But what’s the same is they both will be paid by the tax payers. That’s the argument that’s being made against people who took out student loans receiving $10-20k in relief. But no one is making a stink about having to pay taxes to bail out big businesses. People love to dump on the everyday working class citizens but have no problem hoisting up big businesses.

But no one wants to talk about how these institutions of higher learning are increasing their tuitions yearly but these same companies that require a degree are not increasing their pay yearly for college graduates. That’s a big infrastructure issue in America right now.

These student having their loans forgive aren’t providing jobs for anyone, if they are they can pay for their loan off.

 

[CocoDawg]

These student having their loans forgive aren’t providing jobs for anyone, if they are they can pay for their loan off.

They are supplying the labor market. What good is a company without good employees?

 

[Zonadog]

I received a PPP loan and helped others navigate the system. Big banks screwed their rank and file customers by moving "preferred" business customers to the front of the line and ignoring applications from smaller concerns. Wells Fargo was worst among these.

Part of the reasoning behind the PPP program was to stem the tide of unemployment applications in the states. The feds knew the state labor departments would be overwhelmed with unemployment claims, and the federal government would have to step in. PPP became an "unemployment in place" program that delayed or eliminated UI claims and helped small business stay in business during the government imposed lockdowns.