Biden’s Outrageous Attack on PPP Loan Recipients

With a new round of economically disastrous policies, the Biden administration is on the move with its latest countermeasures. The White House has accused student loan critics of hypocrisy because some of them accepted loans under the Paycheck Protection Program, which were then forgiven.

The differences between the two programs are stark. PPP was created at the start of the government-mandated economic shutdowns during the pandemic to continue paying workers and relieving government unemployment insurance systems. Without PPP, there would have been a cascade of permanent small business closures, leaving more than 10 million people out of work and out of work, and permanently severing ties with employees, customers and suppliers, dramatically slowing recovery after the closure. Biden’s Outrageous Attack on PPP Loan Recipients

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