People borrowed money and now they have to pay it back. How is that a crisis?
Off topic, but does anyone know if the taxpayers are still paying for Obama phones?
Because a large proportion of these debtors will never have the resources to "pay it back." Default rates are skyrocketing.
“People borrowed money and now they have to pay it back. How is that a crisis?”
Its only a crisis for the fools who borrowed a boatload of money to buy a degree in intersectional black transgender interpretive mime studies with a minor in hate whitey.
I think part of the crisis is, they want the government to wipe away their debt. Of course, when you drop over $100k for a worthless degree and realize that it ain’t gonna pay the bills, the snowflakes among us start pointing fingers and look to others to save them. They’ve been taught that the, Government, will solve all their problems.
Double up on your meds, pappy...
90% of them are "forgiven"
and never pay it back!
By any definition, that's a crisis!