President Biden, your student loan handout plan contradicts the Paycheck Protection Program

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By Stories Gyaanly

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When the economy was shut down by public health experts and lawmakers in March 2020, then-candidate Joe Biden was back in his basement.

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Image Credit - Forbes 

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From the luxury of his Delaware beach house, he was able to finance and campaign for president. Most Americans were not that fortunate.

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Image Credit - Forbes 

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Millions of Americans were on their way to the unemployment line, and millions of small NT OF businesses were on their way to bankruptcy

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Image Credit - Forbes 

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as the government pushed firms to close their doors.

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Image Credit - Forbes 

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Because the outcome was unacceptable, I collaborated with Democrats and Republicans to develop the Paycheck Protection Program.

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Image Credit - Forbes 

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My strategy was as simple as it was novel: create a federal grant to help small firms retain their employees on the payroll.

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Image Credit - Forbes 

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This payroll grant, designed as a forgivable loan, had a significant condition: 80 percent of the money had to go to payroll.

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Image Credit - Forbes 

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While some Washington lobbyists (and even Democratic politicians) pushed for a blank check for small companies, I refused.

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Image Credit - Forbes 

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This interim initiative was designed to put personnel on the payroll during a two-week shutdown to "delay the spread."

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Image Credit - Forbes 

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