But if it isn’t a zero sum game, isn’t it better to help both even if helping the well to do one more?
I think what’s actually getting lost in a lot of this is the people who don’t graduate from college or those who do but the degree ends up being something that either becomes over saturated or irrelevant.
Not to pick on engineers but I happen to know a few (two roommates in college), two brother in laws and I don’t think any of them really struggled to pay off their loans. They aren’t swimming in money necessarily as you know but a LOT of people graduate in fields that pay less or don’t graduate at all.
It’s not like everyone who starts college finishes or everyone who does finish ends up with a stellar job. That 21 year old girl who got pregnant with twins could be facing tens of thousands of dollars in debt and has nothing to show for it.
Were I a GOP strategist, I’d advocate they cancel the debt, tax the endowments and end future loans for future bollocks courses and institutions.
This releases the young folks from the economy sapping debt load, allows you to give the wokes a good hard kicking, and removes a permanent carrot from your opposition.
What’s the exposure? 3 trillion on top of all the other pointless spending? Makes a decent change from Eritrean gender inclusivity courses and the Pakistan space program spending that all the other budgets seem obsessed with.
The other option is to take a U.K. style system which lifts a proportion of earnings with a relatively fair floor. Those who make a pile from their degree will pay it back, those who don’t will pay sweet fanny Adams.
Edited for correct word usage.
If anyone was making an investment product with the ROI of current era degree mills, they’d have very few takers, that I guarantee you.
Someone’s getting paid, and it isn’t the students, by and large.
He doesn’t have a private jet? His own island? He sounds loaded.
**[quote=“zecarlo, post:205, topic:272492, full:true”]
He don’t have a private jet? His own island? He sounds loaded.
[/quote]
No, but you should see the pool. Cozy little thing. But hey, it’s still a pool, small or not.
Why not forgive all medical debt instead?
I argued above that if they are going after student loans, then someone without student loan debt but had medical debt should get the same amount.
And if neither, pay off their home.
Buying votes, when did it become legal? Just because it’s a promise to do it out of the treasury?
More like the nation’s grandchildren (fewer in number) being left to pay for our ever increasing generosity today.
Start of the country would be my guess. Been happening long before you or I was born.