4 ms·

The federal government doesn't forgive debt, it just changes who's paying for it

• washbrain 4y ago
  Right, they change the who from "former student" to "no one".
  • chii 4y ago
    Do they? Or are they (the gov't) just paying the loan using taxpayer money?
    • suggestion 4y ago
      Hence the changing who's paying for it. Spending and revenue will be unaffected, which is the problem.
  • suggestion 4y ago
    No, if the federal government "forgives" student debt, neither spending nor budget receipts will decrease to compensate. If any other institution ventured to forgive such massive amounts owed, they would be forced to compensate with their budgets, but they don't have monopolies on violence.