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Why should they worry? Some future President or Congress will just make people who were responsible pay their debt for them. That's what we've taught them, afte
by RustLove 4y ago
Why should they worry? Some future President or Congress will just make people who were responsible pay their debt for them. That's what we've taught them, after all.
- gjsman-1000 4y agoRight - we did it with student loans (even if it is in legal limbo). It’ll start with $10K for school loans, then $10K for your credit card debt, and then…
- RustLove 4y agoAnd debt was forgiven done before with mortgage payments in 2008 (even if people lied on their mortgage applications, or took out HELOCs on the mortgage!) and on taxes owed on stock option speculation during the dot-com crash of 2000.
- gjsman-1000 4y agoAnd you don’t even have to be a person! Bankrupt car companies? Send them checks! Incompetent banks? Send them checks! Incompetent schools? Send them grants! Incompetent government agencies? More cash (1)! This can’t last… it’s a pyramid scheme that assumed the authority to shut down competing pyramid schemes. (1) My home state of Minnesota spent over $100 million and over a decade of time to build a driver’s license system. Total sunk-cost. The rollout was so bad they scrapped it for a third party platform. Look up MNLARS for the gory details of absolute technical failure.
- xracy 4y agoI like how strong a causal link you have that people have taken anything away from the gov't paying off some of their debt. I think large banks are much more likely to take that message away than individual borrowers...