Mike Solana

one thing we might try instead of pretending we have a trillion dollars to light on fire for a bandaid is... actually fixing the problem. let’s eliminate student debt while *not* collapsing the economy https://twitter.com/micsolana/status/1110645712285388800 …

Not sure about 1, but wholeheartedly agree on 2 and 3. It’s amazing how unpopular the thought of eliminating federal loans is though... What’s your thinking behind (retroactive) tax deduction? Isn’t that just a different form of the gov lighting $1T on fire?

i think we need to make this as fair as possible to get everyone on board. could make it deductible in part, and spread it over a decade.

Going to pushback a little more :) I could see a scenario where interest being deductible is ok, but not the principal+inflation. Otherwise the gov is just doubling down on losing money.

While a lot of student loans are predatory (giving money to 18-year-olds under societal pressure to receive a degree that won’t correlate to a good income), I don’t think it’s unfair to ask people to pay back what they’ve borrowed.