Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Political Discussion
Reply to "Sen. Chuck Schumer and Sen. Liz Warren just proposed forgiving $50,000 in student debt"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]Debts are rich people’s assets. Rich are NEVER going to free the poor.[/quote] Untrue. 95%+ of outstanding student loan monies are owed to the Department of Education. They are not privately held assets. Rich people don’t make anything of the loans, aside from the loan servicers who have fixed contracts. The amounts owed are literally funny money that the government created out of thin air and then the students are on he hook to pay back. The government can magically cancel the debts and it will do nothing to our money supply or the federal budget. You won’t need to raise taxes to cancel student loan debts. The government will just write it off because it controls the currency. Student loan debt is Magic money. Think of it as the fabled fiscal printing press. No investors are shortchanged when the debt is canceled. Our credit rating doesn’t take a hit because foreigners are not involved. It’s money we owe ourselves.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
