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The idea of this makes me shudder. Not because of any sense of fairness about the idea, but rather that government never seems to understand that their well-in
by tdfx 5y ago
The idea of this makes me shudder. Not because of any sense of fairness about the idea, but rather that government never seems to understand that their well-intentioned ideas always have unintended consequences. Cue the footage of politicians patting themselves on the back for passing student loan legislation.
- esyir 5y agoThis really does feel like nobody seems to understand second order effects. Either that or somebody up there in power is really invested in the current dysfunctions.
- patrick451 5y agoPutting a moratorium on evictions was tantamount to stealing from landlords. We should have been concerned 12 months ago when the housing market was effectively nationalized.This seems but a feeble step towards correcting that egregious overreach.
- ivraatiems 5y agoCan you elaborate on what those unintended consequences are in this case?
- musicale 5y agoCanceling student loan debt seems like a nice idea. Student loans were basically a corrupt bargain between universities (who got to raise tuition with impunity), banks (who collected the interest on the loans) and the federal government (which made student loans standard operating practice, made them hard to discharge, and turned them into a guaranteed money spigot that universities and banks milked in ever-increasing amounts, for half a century or more.) Even better would be if universities and banks offered refunds for their excessive tuition and student loan charges for the past 50 years. ;-) More realistically, perhaps we should make student loan debt the same as all other unsecured debt, since it's paid off with the same dollars. And universities should be subject to antitrust laws.