Quote:
Originally Posted by cmyx6go
I don't want to get political so I'll keep this short and sweet. The government caused this. If they determined you weren't an essential business, you were done. The PPP allowed a lot of companies to stay in business that would have gone out otherwise due to the lockdowns. Were there abusers and fraud, yes. I can't deny that. But it saved many. Someone else paying a loan YOU took out on your own that you shouldn't have is different.
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This and I'll add that PPP was always designed as a grant. It was a loan only if businesses didn't meet the requirements for "forgiveness" as laid out upfront. The alternative was to pay unemployment to all the people laid off.
People can debate whether PPP was a good idea or not, which is fine. I understand and agree with portion of both sides of that argument. But it is apples and oranges to forgiving debt that was always intended to be repaid.