4 ms·
In the middle of the worst inflation most people have seen in their lifetimes, elected politicians as a measure to attempt to keep control and appease their bas
by nodesocket 4y ago
In the middle of the worst inflation most people have seen in their lifetimes, elected politicians as a measure to attempt to keep control and appease their base once again hand out free money. What do they really expect to happen? People are going to go out and spend it on goods and services (let's be honest mostly frivolously).
Furthermore, what kind of message does this send? This is NOT how the REAL WORLD works. It only further does a disservice to millennials who already have a outrageous sense of entitlement, lack of work ethic, and as a whole wonder why they are in debt, don't own homes, and break even month to month.
- oceanplexian 4y agoThis IS how the real world works now. Don’t think it will stop at student debt, 20 years ago government bailouts were unthinkable, now we did it for the GFC, the ACA, COVID, and now Student Loans. A decade from now the government will be printing money to pay off car loans for low income borrowers who got themselves underwater buying a $50k BMW. And similar bailouts will be done on the backs of the working class, at least until the financial system collapses.