The Soapbox

HoosWillWin

Joined: 08/26/2001 Posts: 11331
Likes: 17060


Indirectly, yes. Since the government doesn't increase tax rates, the


real result is that we will print money, meaning everyone will pay for this through inflation.

The debt doesn't just disappear, nor do the lost interest payments. The government picks up the tab on defaults, and this is essentially a huge, voluntary default. Someone correct me if I'm wrong.

Trump's tax cut was targeted to the top 1%. We all have added inflation as a result.
Biden's loan forgiveness is targeted to the people who took out debt they couldn't afford.

Both are bad policy, IMO, and the working man/woman who didn't go to college gets screwed equally by both. As do those who paid back their loans.

Oh, and by the way... we've just given schools incentive to keep raising prices.

(In response to this post by Shenhoo)

Posted: 08/25/2022 at 07:48AM



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Current Thread:
 
  
It sounds like student loan reform to me. ** -- hooshouse 08/24/2022 3:01PM
  Most dumbassed idea i ve ever heard Iveare -- Mr Wahoo 08/24/2022 10:19PM
  They’ll send me a refund, right? And my hs friend -- HoosWillWin 08/24/2022 7:49PM
  Loan forgiveness for me but not for thee(link) -- hooshouse 08/24/2022 3:45PM
  Consensus in both companies. Not my decision. -- HoodatB 08/25/2022 11:25AM
  Fair enough. ** -- HoosWillWin 08/25/2022 11:48AM
  @hoolstoptheheels covered this -- Stimp 08/24/2022 7:31PM
  That’s a very rare case. Every business owner -- HoosWillWin 08/24/2022 7:51PM
  Our accountants brought up the possibility of applying. -- hoolstoptheheels 08/24/2022 9:39PM
  Ehh ** -- 111Balz 08/24/2022 6:41PM
  I’ve always thought he was alright -- wahoo138 08/24/2022 6:30PM
  Noooooooooooooo ** -- hooshouse 08/24/2022 4:08PM
  Bankruptcy is part of his business model. ** -- Blah 08/24/2022 4:53PM
  LOL. ** -- Hokieesith 08/24/2022 4:07PM

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