@ArmchairEconomist01 @LostShakerOfSalt @lonestarr >A loan forgiven is paid off by the Federal government. The government can:
>1. Print off the money to pay for it & we pay for it in raging inflation.
We have raging inflation right now but it's just money going to Ukraine and foreign bullshit while they let the working and middle class eat shit.
>2. Pay for it in higher taxes. They never pick this option.
They should examine it.
>3. Borrow Money & add it onto the Federal Debt.
This is an option, but really it's the same as option 1 and 2 combined. Honestly, all three are similar results.
>We pay for forgiven debt one way or the other. This is why it's critical that a person who can't repay a loan. Not take the loan.
The government drove up the cost of education and pressured schools to take students who had no reason being there (affirmative action), making school more expensive for everyone else in the process. They made this problem what it is, and it's not unreasonable to ask for their assistance in correcting their mistakes.