Why were PPP loans called loans if nobody was expected to pay them back, instead of PPP handouts?

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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

34 Answers

Anonymous 0 Comments

Easier to “give” away gov’t money to people you want when you tell everyone it is not a give away but a loan. And when it is time, you blame anyone who is gone and say boy did we learn a lesson.

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