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Post By
Late Great Donald Blake 

Member Since: Sat May 17, 2008
Posts: 7,563
In Reply To
The Avenger

Location: New Jersey
Member Since: Thu Dec 02, 2021
Subj: Yuuuuuuuup
Posted: Fri Aug 26, 2022 at 10:56:02 am EDT (Viewed 171 times)
Reply Subj: Re: So how do we feel about Biden's student debt forgiveness?
Posted: Fri Aug 26, 2022 at 10:41:53 am EDT (Viewed 193 times)

Previous Post

It's good. College is way too expensive so forgiving some of the debt is better than doing nothing.

What's needed is a comprehensive overhaul of the whole system, but we won't see that in our lifetimes unless we first have a civil war.

I think the lesson here should be of the government is going to end up holding the bag, they should begin setting the price, or at least seriously influencing it. Specifically, I'd say let's bite the bullet, start paying for public education, such would be FAR more efficient, and have the government stop guaranteeing loans for exorbitant university prices.

And btw, I bet you if they continue to forgive debt, people in a higher tax bracket will bear a greater tax burden will have an actual incentive to reform the system, rather that complacently looking the other way as working people's debts balloon until things finally burst.

--- the late great Donald Blake

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