[Wally_Kalbacken]

The total outstanding student loan balances are between $1.3T and $1.4T. 85% (of $’s) are federally guaranteed. Forgive all outstanding student loan balances and you have merely moved 85% of that number to the backs of the general revenue taxpayer.

[PeterPrinciple]

The total outstanding student loan balances are between $1.3T and $1.4T. 85% (of $’s) are federally guaranteed. Forgive all outstanding student loan balances and you have merely moved 85% of that number to the backs of the general revenue taxpayer.

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The government does not keep a balance sheet. It runs on cash flow management, not profit management. Like many of our young people today if their credit card limit can be raised, they keep spending.

The point is the student loans have been spent, all the money on Obamacare has been spent. It was a giveaway and everyone knew it was, including you and I.

I am a profit manager by trade and personality, but cash flow management has a role. On occasion, I have taken a loss for cash flow purposes.

We finally have a profit manager in office!

[flamberge]

Too bad for the general taxpayers then. Most of those loans will never be repaid.

Which is why the Federal Government should stop pretending to "guarantee" student loans. And is also why institutions should stop making them.

We have put ourselves in a hole. The first thing to do is stop digging it deeper.