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> I'm sorry. I assumed you were trying to make a counterpoint and not simply naming factual information. You are the one telling me bankruptcy has consequences
by foogazi 3y ago
> I'm sorry. I assumed you were trying to make a counterpoint and not simply naming factual information.
You are the one telling me bankruptcy has consequences
The point is school debt is specifically excluded from bankruptcy by law so people have no recourse
You ask why not forgive all debts, and my response is we don’t need to do that, if debt is enough of a burden people can file bankruptcy
Yes, there are consequences and people have to make that choice
There is no choice for student loan debt, hence forgiveness
You can’t have it both ways - there has to be an out
- bitshiftfaced 3y agoThen the question would become: why should the system give such harsh repercussions for those who must file bankruptcy while those who get student loan forgiveness have no repercussions? What's more: those who get student loan forgiveness are much more likely to have a degree and have a higher income. In addition, student loan forgiveness applies to everyone with the debt, not just those who are in financial distress.