Congressional budget office is saying that the total cost of Biden’s student debt relief package is about $30 billion a year over ten years. Might come out to $400 billion. More conservative (pun very much intended) estimates put it at $500 billion over ten years.
The congressional budget office and the SBA calculate that the total amount of PPP loans forgiven comes to about $793 billion in… two years.
And while this isn’t an apples-to-apples comparison (PPP loans were designed to basically be free money… for some reason…), these two programs are designed to do the same thing: stimulate a flagging economy.
It provides a stark and frankly shocking comparison to how much more our federal government is willing to help companies rather than individuals, inuring young people even further to the yoke of a system designed to keep them sick, scared, penniless, desperate, and lashed to their shitty job that offers shitty benefits like a galley slave to their oar.