- Joined
- Dec 9, 2014
- Messages
- 550
- Reaction score
- 1,116
Social security is socialism. If it’s still there when we retire, you can give me your social security checks since you hate it so much.This is essentially socialism
PPP loans were interest free and completely written off. If the we can invest in keeping jobs and business doors open during a pandemic (or buy business owners Porsches in some cases), why can’t we invest in educating the future of society? Giving an interest free loan is the least the government could do.Student loans should be interest free? In what world is any loans interest free?
It actually paid off most or all of the student loan balances for 40-50% of student loan balance holders.Forgiving 10K does nothing for 90% of the borrowers and doesn't address the problem which is #1.
And it should never happen because private lenders made an entire industry out of taking advantage of loan recipients. Ever heard much about how horrible payday lenders are?The only way to fix this is to take the gov out of bad loans but never will happen
Education skyrocketed BECAUSE the government got out. States cut funding for higher Ed, passing the cost on to students who were able to pay it through very large student loans.education will continue to skyrocket unless the gov gets out.
This is a stupid analogy.Imagine if the gov guaranteed all HS students a low interest loan for a new car. Most would be glad to take max and drive off the lot with a Tesla. Do you really think an 18 yr old can make the correct decision.
See above, tuition inflation coincided with states cutting funding for higher education.The start of tuition drastic inflation coincided with gov back loans. Anyone who does not see this does not understand economics.
Good talk, Greenspan.