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Reply to "WTF? Govt rewarding bad behavior Part II"
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[quote=Anonymous][quote]Anonymous wrote: Under the new version of Pay As You Earn, borrowers would pay 10 percent of “discretionary income,” defined as total income above 150% of the federal poverty level (about $16,000 for an individual). After 20 years, the loan is forgiven. *** This allows current politicians to claim to be helping students, while forcing future politicians to figure out how to pay for it. Needless to say, that is not a healthy way to make policy. If current politicians want to help borrowers, they should be the ones sacrificing other priorities to do so. These look like very good points. Anyone have a good counter? .[/quote] So, can anyone actually defend this plan on its merits? [/quote]
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