Quote:
Originally Posted by New Era
As soon as he's sworn in?
I'll fire a pre-emptive shot across his bow. His position on the student debt crisis is appalling. Trump gave $1.6 TRILLION in tax breaks and incentives to about 1.2 million people in the top 1%, and then allowed them to get millions in loans with the COVID relief, then told them they didn't have to pay them back. But Biden won't sack the #### up and cancel $1.5 trillion in student debt affecting 44-48 million Americans struggling to get by and have an actual life. Get some spine Joe, you doddering old ####. Kick start the economy by forgiving those oppressive loans and let those people start buying the homes, cars, and other big ticket items those predatory loans have prevented.
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Student loan debt relief needs to come with fixing the cost of college education. Just forgiving debt creates moral Hazard. Trumps bad policy does not justify further bad policy. Actually fix the problems.
I agree that there is a strong economic argument that the US student load crisis creates a drag on the economy but the solution needs to go further then just debt forgiveness. Post Secondary education is broken.
In general an attack on predatory lending whether pay day or community college should be attacked as well.