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Why exactly is this unrealistic? I think Trump's tax cut was $1 trillion annually. So a one time $1,5 trillion payments doesn't sound too unrealistic to me. It
by apexalpha 7y ago
Why exactly is this unrealistic? I think Trump's tax cut was $1 trillion annually. So a one time $1,5 trillion payments doesn't sound too unrealistic to me.
It can even be done without Congressional approval.
> "the Higher Education Act in 1965 gives the secretary of education the power to write off federally owned student debt unilaterally, under the “compromise and settlement” provision. Doing so would wipe out an enormous financial burden on the working and middle classes overnight. The Department of Education could also purchase the roughly $64 billion in privately held student debt, then use the same authority to write it off."
https://jacobinmag.com/2019/04/student-loan-debt-forgiveness-college-bernie https://jacobinmag.com/2019/04/student-loan-debt-forgiveness...