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Reply to "Canceling $10k of student loan debt is stupid."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]So you are basically saying "I borrowed, I told you that I'd pay back, but now I don't want to pay." I mean, are you okay with saying that? Does that not bother you? [/quote] That's basically what people and corporations declaring bankruptcy say. Yet that is legal.[/quote] THe US Government forgave $782 billion of loans to businesses (many of them owned by wealthy celebrities like Kanye West, Tom Brady and the President's son-iin-law JaredKushner). I didn't see much outrage over that. [/quote] Voluntarily taking out a student loan to major in gender theory and then unsurprisingly failing to pay your debts is not quite the same as trying to save the economy after being hit by a once a century plague, is it?[/quote] How were they saving the economy by giving corporate welfare to the rich and connected? Evaluations of the PPP program show that the vast majority of funds went to the business owners and shareholder rather than the workers. At least this student loan program is going to lower income young people with debt. That's fine with me.[/quote]
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