Reply to Canceling $10k of student loan debt is stupid.

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Reply to "Canceling $10k of student loan debt is stupid."

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[quote=Anonymous][quote=Anonymous]This is the dumbest policy imaginable, perfectly calibrated to maximize the divisiveness of this issue while accomplishing little of real benefit: (1) it will greatly alienate huge swathes of people who paid back their loans, often at great personal sacrifice, as it implicitly makes people who chose to do the right thing relatively worse off compared to those who didn’t, and it is likely an illegal giveaway to Biden’s voter base to boot, while (2) the amount is so small that it won’t materially benefit the really sympathetic cases of people with huge loan balances that they can never get out from under, while at the same time allowing debt forgiveness advocates to preen about how people who have a problem with this are really just selfish bastards.

A much more rational approach would simply allow student loans to be discharged in bankruptcy, as indeed they may actually be as courts take a harder look at that issue.  This allows student loan debtors to get a fresh start while not making loan payers feel like chumps for not getting a piece of the action.  [/quote]

This makes a lot of sense.

I like Biden but this really makes me question his judgement.

I think this is highly offensive to all reasonable people. The abuse of PPP loans by the likes of Senator Nancy Pelosi and her DH is equally offensive.[/quote]

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