Or allow people to declare bankruptcy and punish the schools and the loan companies. Garnishing wages is also a normal thing to do with debt you can't pay.

Forgiveness means paying them back, which means these companies (and the people who got loans) will have learned nothing.

We have financial tools available to this. The only problem is very, very wealthy donors will suffer immensely.

> Garnishing these wages is a regressive, punitive tax that will further slow an economy very near recession territory.

Probably not. It will certainly impact inflation however. Just like the PPP and trump bux.

> In particular, the Paycheck Protection Program has so far forgiven $757 billion in loans to private businesses

The PPP shouldn't have forgiven anyone either. There's a reason we are in the situation we are in. The financial system is not allowed to fail as intended. Instead we prop it up like weekend at the bernies with infinite money printing and forgiveness.

I struggle with this idea people aren't allowed to FAFO anymore. If we do this, why not pay back every loan. That'll certainly bolster the economy!