Should we just forgive everyone their debts of all kinds? E.Warren says that would reduce inflation.
Sounds like a win-win, so why limit ourselves to student loan debts?
Replies to: Should we just forgive everyone their debts of all kinds? E.Warren says that would reduce inflation.
I agree. I don't like this suggestion at all.
I feel bad for the people - the mostly poor people - who were snookered into paying for one of those worthless degrees at a for-profit diploma factory, many of which have gone under and now are under federal investigation. We could help them.
But in general I think that student debt forgiveness creates too much moral hazard to make it a worthwhile policy.
many big businesses have that backstop, too, which gets us in lots of trouble. Bailouts - for peopl
e or businesses - should end.
Lets not get into what they did for the mortgage industry providing bailouts when there was a whole
insurance industry set up for exactly that scenario.
Actually it would increase inflation. It’s the same as giving people cash equal to the forgiven loan
What I love is that forgiven debt is typically treated as income, but not the student loans. Complete horseshit. You borrow $ you pay it back.
Why wouldn’t debt forgiveness be taxable income?
That way we would get a little of the largess back.
It typically is. There’s a special provision exempting student loans. Complete BS.
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She wants to make everything free for everyone
Basically a huge bleeding heart, unless you disagree with her.
Ayn Rand was well before her time.
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So too, Orwell and Huxley. None of them nailed it 100%...but they got so many basics right.
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it's actually eerie how accurate their writings are becoming. Lots of moochers here.
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Everything is free except speech.
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It doesn't bother me that much that I payed off my college debt.
But it does bother me that it isnt addressing the problem of college cost inflation.
Not necessary. Just forgive the debts of those likely to vote Democrat
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Heh. That does seem to be the goal.
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