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Debt Babies
- xupybd 4y ago> There are many problems with Biden’s decision to cancel a little bit of debt, for a treat. But the only problem worth focusing on is the fact that it changes nothing. A year from now, insurmountable student debt will be inked back onto the federal ledger for a new generation of young people pressured into a system that benefits exactly one class of people: college bureaucrats. That is the key takeaway. If you give out $10K once you do nothing to change the system. I think the is just an attempt at buying votes in the next election. If we give easy access loans to collage students we don't just increase access to education, we also inflate the cost of education. This is a problem that really needs to be solved.
- dartharva 4y ago> Here’s how we fix the student debt crisis in three easy steps: > Make repayment of all student loans (assumed to the current year only) 100% tax deductible, and retroactively — at least in some part — for people who already paid. >Remove all legal barriers to discharging student loan debt in bankruptcy. >Abolish the institution of federal student loans. This actually sounds like mere common sense and I have seen people on HN suggest the exact same thing multiple times. Alas, simple solutions are often unappealing in democracies since no party wants to lose a hot issue they can polarize the masses with.