Posted on 08/22/2022 5:44:03 AM PDT by Red in Blue PA
A CNBC/Momentive poll finds Americans worry that debt forgiveness could have unintended consequences.Some borrowers say they would not change their spending habits if their college debt — or a portion of it — is canceled.Respondents were mixed on whether student loan debt should be forgiven.
(Excerpt) Read more at cnbc.com ...
That it’s not 100% shows how our schools have failed.
Don’t worry
There’s the Inflation Reduction Act
They had to pass it so you can find out what’s in it! /Nancy Pelosi
Yep
I notice Deep State has no desire to claw back any money from the hundreds of billions in endowments...
Better headline ‘59% of Americans are not stupid’
Meanwhile...
It’s good to be Deep State!
Funny how that is always the case, isn’t it?
And just wait. Once student loans are forgiven, the cry for reparations will really heat up.
I want my car loan and mortgage forgiven.
Forgiving these loans would be a slap in the face to the millions of students who did diligently pay their loans off over the years. Would they now have a case for reimbursement or do we say "tough luck" to those who did the right thing and paid their loans back?
This would also put those who elected not to, or could not afford to go to college, in the position of being forced to pay (through taxes) the college tuition of those who did go.
Finally, if these loans are forgiven, why would anybody in their right mind pay off college loans going forward? People would take the loans and just not pay them off, in hopes that they get the same deal down the road from some other desperate politician looking to buy their votes.
Inflation is sharing. New money gets printed and goes to various recipients. The additional amount of money out there makes the price of everything go up. The rest of us, the non-recipients, have our money but can buy less of the stuff so in effect money was taken away from us. We shared. It should make us feel good!
The Deep State will never bite the hand that feeds it.
Apparently 41% believe in unicorns and faerie dust.
Paying off student loans teaches those kids several valuable lessons…
* there is no need to honor your contractual obligations
* you, too, can be a government freeloader
* you can choose a worthless path in life with zero consequences
* others will pay for your stupid decisions
A payoff would be the ultimate moral hazard.
With the coming Inflation and Food Shortages coming the USA will be in big trouble. With the drouths in Europe, Africa, China and here in the USA, there was not much food grown but food consumption remains constant. Chine has 100 million mouths to feed.
So what’s a few more percent when it’s the destruction of the country that is the goal…
(With the coming Inflation and Food Shortages coming the USA will be in big trouble)
Repeat that. Often.
I would think that a loan foregiveness now would lead to less loans be given out or make it harder to get a loan. More people in the future will not pay loans back in the hopes of another loan foregiveness which may not happen. Lenders will lose money if it doesn’t happen.
Next they’ll want the money they paid in back
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