President Joe Biden plans to forgive $300 billion to $600 billion of student debt, cancelling total remaining balances for about 20 million Americans and giving partial relief to another 23 million. Republicans who campaign on their piety are blasting this good Christian policy; our good Catholic President is blasting back, noting how some of the loudest Republican critics consider debt relief evil for thee but not for me:
Congresswoman Marjorie Taylor Greene had $183,504 in PPP loans forgiven.https://t.co/4FoCymt8TB
— The White House (@WhiteHouse) August 25, 2022
Representative Marjorie Taylor Greene had $183,504 in Paycheck Protection Program loans forgiven. Rep. Vern Buchanan, $2.3 million. Rep. Markwayne Mullin, $1.4 million. Rep. Kevin Hern, $1.3 million. Rep. Mike Kelly, $987K. Rep. Matt Gaetz, $482K. All of these Republicans have said government debt relief is unfair, and all of these Republicans took government debt relief in the form of PPP checks that dwarf the $37,667 average student debt. Rep. Buchanan’s $2.3 million in PPP loan forgiveness is 115 times larger than the debt relief a Pell Grant student may get.
South Dakota’s all-Republican Congressional delegation uniformly condemns President Biden’s student debt forgiveness, with Senator john Thune calling it “unfair”, Senator Mike Rounds suggesting it’s unconstitutional, and Representative Dusty Johnson calling it a “slap in the face”. Yet the South Dakota business owners they represent took $2.7 billion in Paycheck Protection Program loans, almost all of which have been forgiven.
The three biggest beneficiaries of PPP loan forgiveness were Empirical Foods of Dakota Dunes (formerly BPI, the great Republican Roth family operation), Coca-Cola Bottling High Country (run by more good Republican donors), and Huron-based Dakota Provisions (the turkey plant run by Republican player Jeff Sveen). All three of the state’s top PPP recipients enjoyed over $9 million in loan forgiveness.
In small PPP potatoes, Governor Kristi Noem’s kin got $111,430 in PPP loans for their farm operations. That’s still more than five times the largest debt relief President Biden is offering to Pell Grant students.
We the people, through our government, have floated and forgiven $742 billion in loans to businesses to help them through the coronavirus pandemic, and Republicans didn’t complain much about they and they and their friends received. Republicans cannot complain with consistency when President Biden continues the pandemic relief effort in the form of forgiving some student debt.