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great, now that we've identified the problem, let's get some robust public spending on loan forgiveness in order to stimulate the economy be removing a substant
by cryoshon 10y ago
great, now that we've identified the problem, let's get some robust public spending on loan forgiveness in order to stimulate the economy be removing a substantial debt burden from people who are in their prime earning years.
this isn't rocket science. people keep more money after their essential bills = people spending more money
the alternative is that we let this debt continue until the students eventually riot or kill themselves-- to be clear, i believe this is the most likely outcome
- umanwizard 10y agoI'd feel a bit cheated. I really wanted to go to Carnegie Mellon or U. of Illinois, but I didn't because it was too expensive, so I went to U. of Arizona. If the government gives a big subsidy to people who made what I consider to be a serious financial mistake by buying an outrageously overpriced luxury good, why don't I get a subsidy too? I'm left with no debt, but also no outrageously overpriced luxury.