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You are assuming that everyone who is having student debt forgiven/paid off by the government has or would have earned the money in question and can now put it
by mikece 4y ago
You are assuming that everyone who is having student debt forgiven/paid off by the government has or would have earned the money in question and can now put it into the economy. If that's true then the very reason for absolving the debt, that these people cannot afford to repay their loans, was a lie. More likely they really don't have the money, we're bailing out financial institutions (yet again), and the people who couldn't afford to pay their loans still won't be able to afford to generate enough economic volume to offset this.
- typeofhuman 4y agoExactly.
- actusual 4y agoThere's another angle here too...and that is whether the people who are having loans forgiven even received X number of dollars in value from their college experience. A LOT of these students did not, which is why students that got swindled into scam "universities" are top of the list for forgiveness.
- mikece 4y agoThis is an entirely different topic, but one where I'm sure we have a lot of agreement. I suspect a most people on HN could have gotten to where they are in their careers by starting at a computer trade school (with the exception of jobs where 'the piece of paper' is a requirement for some reason).