We need to explain to such people as this that the economy that matters is an economy in which people are doing work to achieve their dreams, not serve a machine. So yes, you bet, student loan cancellation will stimulate the economy.
Student Loan Cancellation Won’t Stimulate The Economy, According To New Research trib.al/enNsHZO

Jul 26, 2021 · 9:55 AM UTC

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Replying to @marwilliamson
“Help people thrive… *universal healthcare *free college tuition *get rid of college loans— and then money can be produced by people living their own dreams, their own creativity, their own productivity.” Marianne Williamson
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Replying to @marwilliamson
college educated make the most money. non-college educated will have to in part pay off those student debts. Taking from the poor to give to the rich. Not fair.
Replying to @marwilliamson
They also said Stimulus checks would be wasted by The people receiving them on dumb things instead of reinvestments they put their money on short bets. I put my dumb money into buying shares of a heavily shorted stock. They thought we were the same 2008 folks #AMC #Blackberry
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Replying to @marwilliamson
Why does "stimulate the economy" have to be the final determinant at all? Why not "these people will never be able to pay back their debts, not cancelling would be an effective financial death sentence, so the loans should be cancelled"? The effect on the economy is irrelevant.
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Replying to @marwilliamson
Loans with no interest. Loans connected to achieving high marks. All loans need to be connected to success at school. Loans by businesses to study in areas where they have need of employees.
Replying to @marwilliamson
So even though ppl knowingly accept money and sign for a loan you think it should all be forgiven. We should take away any responsibility for people making their own choices.
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Replying to @marwilliamson
Of course student loan debt cancellation will stimulate the economy ... Do you think these people will put that extra money under a rock?
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Replying to @marwilliamson
Even better: pay them back out of Ivy League endowments.
Replying to @marwilliamson
Why should taxpayers foot the bill for loans that an individual signed for and promised to pay back? Why are student loans different than other loans in this regard? People don’t expect taxpayers to pay their car loan but do want them to pay their student loan for them.
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Replying to @marwilliamson
Repeat in an endless loop...