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U.S.A. Politics Thread
Conan:
more like dems wouldnt get as much money from rich donors or something cause cancelling student debt would require an offset probably made up via tax increases
Aide33:
--- Quote from: Conan on August 24, 2022, 06:33:26 PM ---more like dems wouldnt get as much money from rich donors or something cause cancelling student debt would require an offset probably made up via tax increases
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or god forbid, they would have to stop funding the military
Foxscotch:
--- Quote from: Conan on August 24, 2022, 06:33:26 PM ---more like dems wouldnt get as much money from rich donors or something cause cancelling student debt would require an offset probably made up via tax increases
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the reason is most likely student loan asset-backed securities
https://www.investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp
if all of these loans were forgiven, all of these securities would be worthless, and that would be Bad for investors. it would be like 2008, except with student loans there's not even real estate that can be recovered to soften the blow. there is no collateral for a student loan
now to be clear, I still think they should probably be forgiven, at least for the people who actually need it most. this is obviously an imaginary problem, just like most other economics bullstuff. but like all other imaginary economics bullstuff disasters, it will still somehow be the poor people who are hurt the most. the system is fundamentally flawed
Deus Ex:
forgive student debt without plugging the hole and ending student loan programs is a great idea bc then you can buy another few million votes in a few years when the situation occurs again, print more money and cause inflation, taxing the very people who need it by devaluing the currency they own
but whoop whoop no debt teehee
handicapped but that's abt what I expect from this admin
mod-man:
--- Quote from: Drydess on August 24, 2022, 04:33:38 PM ---it’s insane so few people are talking about this and instead babbling about transgenders or ‘putler’
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people have been pointing this out for the past 6 years. hell i could argue it's been discussed for the past 20. but it wasn't until 2017 you started getting called a right winger or conspiracy nut for pointing it out, so that might be why people just rolled over on it