I am not commenting on whether or not they should have been. I am not interested in tying them back to discussion of any other loans or loan forgiveness.
Why call them loans if they are not?
In: Economics
This is a leading, dishonest question.
The reason why it’s called a *loan,* is because the money would be put back into the economy. People will pay their rent, pay for groceries and put money into circulation.
People can’t spend if they’re dying of starvation or dying on the streets.
Fun fact: SNAP, formerly known as food stamps pays for itself, by stimulating on average 1.50 in spending for every dollar spent on the program. Some states, that number’s close to 2$. It’s the most effective means of economic stimulus the government has at its disposal. You can also buy seeds with SNAP benefits because it’s managed by the US Agriculture bureau and was intended to help poor farmers and miners. John F. Kennedy actually was a proponent of this idea, as an expansion to commodity foods, to let households instead decide how to best shop for food.
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