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Reply to "involuntary collections of student loans"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Good. https://www.wsj.com/opinion/accountability-returns-to-student-loans-forgiveness-borrower-debt-payment-9508da8d?st=x7nf7y&reflink=desktopwebshare_permalink[/quote] Putting aside the human impact (do ypu care about humans?) - let’s focus on the execution of the plan: 9 million people are in arrears and headed to default. Thats a pretty sizable drag on the economy. Added to federal layoffs. Halt in research funding (which has ripple effects for private sector jobs). All at the same time. Plus of course market uncertainty with tariffs on / off and firing Powell. Trump’s economy looking real good! [/quote] Rewarding people for doing nothing is not how the economy gets moving. The job market has been at 4% for the last 3 years. Before that money was printed, handed out, and rained on everyone. This people got a 0% interest loan for 4 years when inflation was 25% over that period. In effect, 25% of their loan was forgiven plus the interest they should have accrued. They've gotten a great deal. They should've prepared for this better. Now, it's time to pay the pied piper.[/quote]
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