A Lose-Lose Situation.
From Greg M
Why student loan "forgiveness" is a lose-lose situation.
Regarding student loan "forgiveness." First off, there is no "forgiveness." The so called "forgiven debt" is immediately added to the national debt, and then we all pay for it.
MORE IMPORTANTLY! a "free" education devalues the education/degree itself, which then causes the person with the degree to earn less cash for their entire lifetime. Sure it may look good and even sound good on paper, as everyone wants a quick fix, but long term considering that a "free" education will cause the degree holder to earn less cash for his or her lifetime, AND, inflating the national debt-long term... its a lose-lose situation.
GM
I am more concerned about the moral hazard created when edu institutions lose incentive to improve thier product and manage thier costs. Universities with BILLIONS in endowments should not be eligible to line up on the government trough
This is actually about bankrupting the Treasury...they dont need to "buy" votes. Voting is an illusion and the demons running the world own both "puppet choices" Any real candidate is suicided or sidelined. See, believe it or not, STUDENT LOAN debt from Millennials and now Get Z is the single largest ASSET on the Treasury's balance sheet. Once those debts are defaulted on/cancelled by the puppet, it bankrupts Treasury and Fed will need to "bail out" Treasury which ensures the dollar is confetti within a couple years- it already is as 95% of jobs no longer pay a wage able to support even a family of 4.