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Igel

(37,126 posts)
7. Yes. Because democracy.
Thu Dec 1, 2022, 07:57 PM
Dec 2022

A democratically elected Congress got the president to sign off on a law that was designed to push money; it had clear guidance and requirements for loan forgiveness--and said if those were met, the loans *must* be forgiven. Then Congress came back and lowered the bar, to make it easier to forgive the loans. This was discussed at the time, as well as the poor fiscal controls and oversight. These were deemed features, not flaws.

The people's house nor the Senate made social class part of the requirement. In fact, the program was structured to give more money to those who'd suffer greater losses.

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