There is no such thing as ‘debt forgiveness’ when it comes to the government and business, someone has to pay it. Is it moral to take money from someone else to pay for another person’s debt?
They may try to make the analogy of you loaning something to a friend and wiping the debt clean, but the analogy is flawed.
They may try to make the analogy of you loaning something to a friend and wiping the debt clean, but the analogy is flawed.
Yes, the analogy is flawed. This silly Liberal twit isn't holding the loans is she? God forgives me because Jesus paid my debt. It's not her place to use the governments guns to stiff the banks or taxpayers.
Exactly. The lending institution writes off the debt as a business expense and issues a 1099 in the amount of the debt forgiven to the student. The IRS becomes the worst nightmare of a debt collector that the student could ever imagine.