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Joe Biden should commit to forgiving all student debt in his first term. $1.6 trillion dollars in student loan debt is reckless & unsustainable. It'll prevent millions of mostly young Americans from reaching financial independence, and funnels wealth rapidly to the top 1%.
It would be a massive economic stimulus and free much of a generation from a lifetime of debt. Debt also leads people who don't work to make huge profits off people who do. Some people work their whole lives to pay off debt that they accrued because they pursued education.
Chuck Schumer says Biden can eliminate 50k of student debt for everyone by executive order. He should do it in first 100 days.pic.twitter.com/lSxcqDaZCB
He can do all federal student loan debt on day 1!!!!!
Yeah but just wait for the thousands of this family lives in a million dollar home makes a family income of 600k and the government gave them 250k worth of free money through debt forgiveness That’s going to go over smooth with people who never went to college are making 40k
Some means testing makes some sense. But it should be available for most people.
We are a debtors' prison.
It's really going to suck being the holder of $200k in student loan debt that will be unforgivable as I (smartly at the time) consolidated for a lower interest rate. That said, this would do a lot more to stimulate the economy than another tax break for the 1%. Prolly a good idea
This would be life changing for an entire generation
Yeah kind of like paying off mortgages for people that have actually been contributing to society for decades rather than some kid taking on unreasonable debt they never planned on repaying
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