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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Oh hell no.
They aren’t “predatory loans,” no one was forced to take them out, they aren’t oppressive for those who made good decisions, and blanket forgiveness creates moral hazards and likely rewards many who are undeserving or who don’t need it.
Besides, why are student loans deserving of special treatment? Where is your call for mortgage or car loan forgiveness? Medical debt forgiveness? Credit card forgiveness?
Wiping out student loan debt in an effort to let people buy “big ticket items” does little other than swap out one debt for another. In that case, those advocating for such an act aren’t really against debt, or even economic progress. They are just against having to pay their obligations as to a certain undertaking.