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
Because Ideologically Americans are very against the idea of “handouts.”
Whenever a handout is given, they have to come up with another word so it’s not communism or socialism.
Like the time the US treasury printed billions of dollars out of thin air to keep the country from collapsing financially, called it “Quantitative Easing” because that sounds better than “I just pulled a trillion dollars out of my own ass.”
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