Biden's changes to education policy are among the central achievements of his first—and only—term in office. Chief among them are his sweeping reforms to the federal student loan program, increasing opportunities for debt forgiveness. While the largest of these changes has now been blocked in court, Biden has nonetheless managed to forgive billions in federal student loans.
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"Expensive spring-break in Florida forgiveness program".
ReplyDeleteGotit.
he just transferred that debt to the backs of working americans
ReplyDeleteNo. He didn't. It's literally imaginary money owed by individual citizens to the US government. If a bank (the US government in this case) cancels your loan, or forgives it (it has happened) the rest of the bank's clientele don't suddenly owe the bank the balance of your loan. And if you're referring to the national debt...buddy, that's over 33 Trillion dollars with a T. It is *never* going to be repaid, and even a few *hundred billion* dollars added to it are a rounding error, much less a few billion, not even tens of billions. It's too late for it to matter anyway, the collapse is inevitable, but if every single student loan had been either dissolved or made legal to relieve through filing bankruptcy, there would be no concern about Social Security remaining solvent today. Billions of dollars would have poured into the government's endlessly greedy maw from millions people who were suddenly able to engage in consumerism on a mass scale.
DeleteUsing your reasoning, why should any of us pay any debt? After all, money is just printed paper, right?
DeleteTo Anon at 2:07 PM - It's not reasoning Anon@12:48 is using, it's rationalization. His premise, and conclusion, is that There Is A Free Lunch.
DeleteGlorified welfare. All expenses paid in the city of your choice. Bill it to the taxpayer.
ReplyDelete