The reason we should cancel the entire student loan debt is because those loans should never have existed to begin with. Before the 1970s, we had near. tuition free situations in Florida, Texas, and California. This was a malevolent strain of capitalism reaching into the pockets of some of our most vulnerable citizens, people simply trying to better their lives by getting a higher education. Every other advanced democracy has tuition free higher Ed. We should too.

Aug 22, 2023 · 7:35 PM UTC

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Replying to @marwilliamson
It continues. The US gov is a predatory lender to our young adults.
Replying to @marwilliamson
Nothing is free. Read an #economics text.
Replying to @marwilliamson
No other countries attempt to educate every child. They set systematic goals and standards for students to reach throughout their education. If the student does not pass the mark at any given step, they are removed from the academic track to the skills and training programs.
Replying to @marwilliamson
Was it "capitalism" or the lure of federally insured loans with no end or limits? (Could ask the same about the mortgage crisis of 2008)
Replying to @marwilliamson
#TaxTheEndowments
Replying to @marwilliamson
I'd also like to add that the interest rate on these loans was ridiculous to the point where it seemed more like a Government scam than actual help.
Replying to @marwilliamson
Bimbo logic
Replying to @marwilliamson
I do agree with a lot of your stances. Where will the money come from? If you print the money, inflation increases. What does it teach people who signed loans? There's a sense of a bailout culture and lack of fiscal discipline. Savings has decreased and debt has increased.
Replying to @marwilliamson
What about housing debt, transportation debt, and medical debt? Do you support cancelling those too, as people suffer?
Replying to @marwilliamson
Blaming ‘capitalism’ is a weak excuse to avoid calling out corrupt politicians. The student loan bailout is a payday to banks and colleges. Continued corruption. Grow up.
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