The main reason we should cancel the college loan debt is because it should never have occurred to begin with. From the start, it represented a terrible scam by which financial institutions created a profit center out of the admirable desire of our young to better their lives.

Nov 30, 2022 · 10:58 AM UTC

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Replying to @marwilliamson
A Fraud upon the 'least sophisticated consumer'.
Replying to @marwilliamson
That is something I can support. At least for those who make less than 60k. I’d like to take it a step further however…educational institutional financial reform. We will go broke if we don’t reform that system. Harvard doesn’t need another billion endowment.
Replying to @marwilliamson
Pay ur own bills. I paid mine I’m not paying yours.
Replying to @marwilliamson
The main reason we should cancel all housing debt is because it should be we have occurred to begin with. From the start, it represented a terrible scam by which financial institutions created a profit center out of the admirable desire of people to simply have shelter.
Replying to @marwilliamson
The main reason we should cancel all transportation debt is because it should be we have occurred to begin with. From the start, it represented a terrible scam by which financial institutions created a profit center out of the admirable desire of people to simply get to work.
Replying to @marwilliamson
The main reason we should cancel all medical debt is because it should be we have occurred to begin with. From the start, it represented a terrible scam by which financial institutions created a profit center out of the admirable desire of people to get treatment.
Replying to @marwilliamson
The main reason for the debt is that college costs, including housing have greatly exceeded the overall inflation rate as well as earnings from part time and summer jobs held by students. If tuition rates were adjusted to inflation adjusted 1970 rates, costs would be 2/3 less.
Replying to @marwilliamson
And my car loan.
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Replying to @marwilliamson
Take a look back at the years Reagan was governor of CA: he worked very hard to raise the cost of tuition at the Univ of Calif system because otherwise "anyone" could afford an education and that wasn't acceptable. We need to fix that: education benefits all of society.
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Replying to @marwilliamson
I agree, but if we want to cancel the old debt.. what about the new student loans being signed now?
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