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College and University Discussion
Reply to "Less than half of Americans have a four-year degree"
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[quote=Anonymous][quote=Anonymous]Yes, precisely why student loan forgiveness is so popular. The majority of people resent seeing their tax dollars spent that way. Plus a good percentage of those that took advantage of loans have paid them off, so also resent seeing their tax dollars going to pay off loans. [/quote] You fundamentally misunderstood how federal spending works. The US Gov doesn’t need tax dollars to “pay” for anything. We have a free-exchange, fiat currency, of which the US Gov is the only source. It taxes and borrows for other reasons (to curb inflation, influence interest rates, and to combat consolidation of economic and political power, among others), but your federal taxes aren’t truly paying for things. That’s just obfuscation by politicians who really oppose things on philosophical grounds. [/quote]
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