The thing about student loan debt relief is that, while other policies would be more economically progressive, it fairly efficiently redistributes well-being toward people in the Democratic coalition. Youngish, middle-class-ish college/grad school attendees = a *very* D group.
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So it's a very "transactional" piece of public policy, directly serving the interests of the people who elected you. That's extremely common, though, in the same way that, say, the Trump tax cuts were.
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Nearly 80% of households got a tax cut under Trump but ok
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Which group does this redistribution of wealth fall into?
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When Republicans cut taxes in 2017, they promised two things:
1) 3% annual GDP growth
2) It would not add to the national debt
Neither happened.
Instead, GDP growth has slowed (in part from the trade war) and the deficit is the highest in seven years.
washingtonpost.com/politics/2019/
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I think this is basically good. Part of the problem with Trump is he didn't actually do any transactional politics for his base.
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