Since he’s not talking of stopping them but forgiving them, your question means nothing.
No he can’t. A trillion dollar default would have an extremely negative effect on our economy.
Why do you keep ignoring the other part of the question? If a 50 thousand dollar debt relief for students is good, then why wouldn’t a similar 50 thousand dollar relief to homeowners too be even better?
What about a 2 year extension on the pause?
Your refusal to address my other question tells me you know the answer. Just what I said in my OP.
Hypothetical land is boring. The reality that you’re denying is much more interesting.
Loans have been stopped for two years, and nobody noticed except the ones who got relief.
Go to a cheaper school.
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It is definitely predatory on the part of the colleges, but also on the part of public education teachers pushing college, college, and college non-stop while kids are in grades 7-12 before their brains have fully developed. At least in the rural area where I’m from, teachers could encourage kids to try trades like plumbers, linemen, welders, etc without the know-it-all liberals calling them stupid Trumpers.
Most kids are far too immature to make school loan decisions. When I applied for a loan to go to the 4-year state university, I was told “no”. They told me to go to community college for a year or two and apply again. My dumb ass partied like an idiot and wasted my relatively cheap CC tuition money. I went into the military, matured, and had the GI Bill to pay for school when I got out.
A lot of them are paying for the “college experience” and if they don’t like math they are choosing easy majors that enable them to have fun for 4 years. A co-worker’s daughter majored in Art and graduated from Cornell. She now works at Hobby Lobby for about $12 an hour and lives at home. She’s cute so maybe she can meet and marry some socially awkward engineer who will agree to pay off her 6-figure student loans. That’s really her only play unless Joe forgives a big chunk of it.
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You’re naive if you think a trillion dollars isn’t noticed by lenders. You also don’t understand the difference between delayed payment and default and the effect it would have on the economy.
The whole problem was caused, as usual, by Libs. Obama is directly responsible for this loan mess and again as usual, Libs are creating a non solution to a problem that wouldn’t exist if they didn’t create it to begin with.
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No. Absolutely not.
He is buying votes with the people’s money.
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You borrowed the money…pay it back. ~ Senator Kennedy
Well… certainly can’t take any actions that would help out individual citizens.
We don’t do that in this country.
We just bail out banks.
Because obviously HVAC repairmen and plumbers should be on the hook to pay for rich kids college.
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Those students now have money to buy properties that need HVAC and plumbing services.
Are you serious?
Damn, what a stupid reply.
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Is that what passes for logic on the left? And no, sadly, Black Rock outbid them.
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Trickle down?
Why does the left suddenly love regressive taxation? This inflation is the biggest tax increase on lower income people we have seen in decades.
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