If you are in favor of cancelling student debt do you trust the economists?
If you polled economists across the political spectrum, most would say no — that fundamentally, canceling student debt is bad economic policy.
What about home mortgages, auto loans, credit card debt? Where does it end?
We live in a world where people buy a $2,000 grill and make payments on it. If debt is so accepted then why do we need to cancel it? If cancelling student loans is such a benefit for the economy then wouldn’t cancelling home mortgages be even better?
I go back to the pandemic when the PPP “forgivable loans” “stimulus” and Covid Relief felt like we could’ve just saved all the paperwork shipped everyone a computer and printer and let them print off all the money they needed.
In the end I heard a quote, “$1million is now has the purchasing power of $750,000 had 2 years ago”
How is that good?
Who pays the bill for cancelling student debt? The government? Where does the government get it’s money? From the people.
What if you had to send $100 of every check to the government to pay for student loan cancellation?
The next question is does the med student with $100,000 loans about to make $200,000 a year need loan forgiveness?
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