Sophisticated economic jargon is routinely used to pull the wool over the eyes of the American people. We're consistently told we "don't have the money" for things that should simply be considered rightfully ours.
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A case in point is the 2017 tax cut v. the college loan debt crisis. The tax cut (83 cents of every $ went to richest people & corp) cost $2T, and the loan debt is less than that. The 2017 tax cut should be repealed, although the middle class tax cut part of it should be kept in.
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See what really went on there. We're told the tax cut was an economic stimulant - which it wasn't. THE REAL ECONOMIC STIMULANT WOULD BE TO REMOVE THE COLLEGE LOAN DEBT ENTIRELY. The release of creativity & productivity would immense, creating wealth across the board for everyone.
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So my proposal is not a plan that reduces the debt. My proposal is that the American people wake up on this one, realize how bamboozled we have been by trickle down economic theory for the last 40 years & ask for what we really want: Not just to reduce the debt. REMOVE THE DEBT.
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End of conversation
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Letting people keep their money vs letting people be deadbeats. Not really apples to apples.
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Only because they paid the most. Those tax cuts saved about 80% of the people some money. 80% of the people aren’t rich like you. Nor do they have the money to pay the debt. If you ask “We the People” most would say give it back to us, so we can pay for our own families.
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That's flat out wrong...
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The real thievery is that the government is in charge of the loans and they are charging students exorbitant interest on these loans. These loans should not be forgiven, but a fair interest rate should be applied.
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Reguarfless of where the money was cut, Americans are working and wages are rising. Revenues are at record levels and so is the debt. How are we going toingbti reduce the debt? Where are we going to cut the budget.
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