Sophisticated economic jargon is routinely used to pull the wool over the eyes of the American people. We're consistently told we "don't have the money" for things that should simply be considered rightfully ours.
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A case in point is the 2017 tax cut v. the college loan debt crisis. The tax cut (83 cents of every $ went to richest people & corp) cost $2T, and the loan debt is less than that. The 2017 tax cut should be repealed, although the middle class tax cut part of it should be kept in.
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See what really went on there. We're told the tax cut was an economic stimulant - which it wasn't. THE REAL ECONOMIC STIMULANT WOULD BE TO REMOVE THE COLLEGE LOAN DEBT ENTIRELY. The release of creativity & productivity would immense, creating wealth across the board for everyone.

Jul 24, 2019 · 4:42 AM UTC

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So my proposal is not a plan that reduces the debt. My proposal is that the American people wake up on this one, realize how bamboozled we have been by trickle down economic theory for the last 40 years & ask for what we really want: Not just to reduce the debt. REMOVE THE DEBT.
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Replying to @marwilliamson
Govt got involved in home loans, prices skyrocketed. Govt has been involved in health care (Medicaid & Medicare), health care costs skyrocketed. Govt is backing student loans, cost of education is skyrocketing. See the pattern here?
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Replying to @marwilliamson
I would like the 21k I paid to be reimbursed. It would help me greatly, thanks.
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Replying to @marwilliamson
That’s purely wealth destruction.
Replying to @marwilliamson
Actually, that's just a transfer of wealth. The American taxpayers provided a subsidized loan to the students. The students not paying it back is essentially them stealing the loan from the taxpayers.
Replying to @marwilliamson
You don’t care about Justice at all, do you? Or, do you not know the true meaning? Are you aware of how much negative emotion you create when you make such statements?
Replying to @marwilliamson
you cannot possibly be this stupid.
Replying to @marwilliamson
Totally agree! Putting that money back into the pockets of those folks would release a LARGE economic boom in our country, as the buy houses, cars, and raise their kids!!
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Replying to @marwilliamson
You are so wrong. A dent is a debt. Period
Replying to @marwilliamson
Everybody is being dishonest here! We already have the perfect solution for burdensome student loan debt! Congress simply needs to let debtors use it! It's called bankruptcy court!
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