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by wand3r
1485 days ago
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The examples you gave are not as direct. This is a direct stimulus that can easily be attributed from the government to an individual. In some cases, as you mentioned, there are political reasons that are also suspect and stupid in my opinion. However, this example is extremely simple and easily attributable as there isn’t some 3rd party hiring people or some number of dollars you get to keep in your bank account in the future. I would prefer that the change be that loans can be discharged in bankruptcy instead of this one off forgiveness. |
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That said, I agree with you on bankruptcy being a better idea. From what I understand, these loans are harder if not impossible to get rid of through bankruptcy than other loans, despite being far more crippling.
In general, I'd like a rule that all interest-carrying loans must be able to be eliminated through bankruptcy. Only interest-free loans should be exempt. Also: a cap on student loans to discourage excessive tuition. Tuition is just insane (and where is that money going? I hear plenty of younger professors are struggling too).