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
There were a bunch of rules and restrictions to make them forgivable. In practice these were not *hard* to achieve, but “it’s easy” is absolutely not the same as “it’s automatic” and those rules were designed to get the money spent in very specific ways. It’s a *lot* easier and faster to administer “here’s some money, you don’t have to repay it *if* you spend it on salaries” is compared to “please convince us in advance that you can have some money if you promise to spend it on salaries and also we trust you to spend it on salaries.”
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