Cancelling the college loan debt would put money *into* the economy.
Sandy Fisher

Dec 19, 2021 · 5:47 AM UTC

80
169
30
1,366
0
Replying to @marwilliamson
why do none of these conversations ever discuss a plan for reigning in the cost of a college education? and bills to make college tuition-free will only escalate the costs ever higher as it removes all incentives for colleges to control their costs.
Replying to @marwilliamson
not to mention the fact that, human nature being what it is, there will be an outcry by 'non-students' who see the cancellation as a benefit to which they demand a benefit of equal consideration. money for nothing and checks for free is a cool song but a lousy policy.
Replying to @marwilliamson
what people want to do is get free things and policies that reward that behavior reinforce that behavior. hard to deny that the promise of receiving free things, having no standards, and incurring no consequences is intoxicating. and intoxication can lead to addiction.
Replying to @marwilliamson
"We got to unshackle people that's when you get peace and prosperity" 🔥
Replying to @marwilliamson
My wife and I saved money for near two decades in a 529 plan. Every single month. So we could put 2 kids thru college. Something neither of us were able to afford for ourselves. Do we get a refund for being responsible? For going without things for all those years?
2
7
Replying to @marwilliamson
ur presidential campaign was ahead of its time.
1
17
Replying to @marwilliamson
By canceled do you mean repaid by the government? What will all of those extra printed dollars do to inflation? People who took on educational debt willingly did that, why would you want to make life more expensive for everyone who didn’t?
7
3
Replying to @marwilliamson
Thank you Marianne
3
Replying to @marwilliamson
Student loans are from Federal government. A source for expenses is money the government borrows from social security replaced with Tbills. When social security pays out more than takes in Tbills get cashed to cover. Cancel student loans someone else has to fill that gap. Taxes.
Replying to @marwilliamson
I worked in higher ed for 14 years in Admissions and Financial Aid. The biggest money heist in our nation’s history. While it would piss off people who paid their debt, it would not hurt the schools. It would be the reality check they need that the money machine is off for good.
2