How do i short this?
>Executive branch can cancel debt
Would be nice tho.
I feel that the entire concept of personal responsibility is slowly eroding in Western society.
by buying data. know how you buy data? oracles. LINK is overpriced IMO, but DIA isn't.
because we live in a world now where you dont need it. this world you can stay alive by literally doing fucking nothing.
apply for college and max out on loans?
as long as you have those flyover retards who are brainwashed from birth to be a "wurkin man" then they'll attend to all the modern serf-dom activities like water treatment, powergrid, sewage, and infrastructure. the rest of it is just "hustlefaggots" finding new demands for half-retarded mongrels to get through the bleakness of existence
keked
>ID: fag 6 is a 7
wdhmbt
All those federal loans were already paid by taxes if I remember correctly
To be honest at this point its probably just better to bail them out. They're writing off all the interest anyway. Young people tend to spend money more so its good for the economy as long as its not to shit like Amazon
I can't believe both libtard and Maga idiots think this could legally happen by the president alone.
The interest is not just "written off" - it compensates for defaults/prevents the cost from ballooning to the tune of ~$10 billion per year. Now that's compared to total federal revenue of around $3,400b per year so not too bad.
However student loans are a third of all federal assets. That's collateral we don't want to magic away, with rates doing what they're doing.
I thought you commies supported the working class
Buy silver buy Bitcoin
Just print more money and throw it in federal student loan bonds
at least take away the fucking interest god damn
this, between social security, expanding medical benefits, covid related shutdown and impending bankruptcies that are coming. we are going to print SO MUCH MONEY, America will end up Argentina tier in 30 to 40 years with an impending break up of the country.
Well, see, having a reserve currency is a privilege, not a right.
The British can probably tell you what losing that is like.
Better student loan forgiveness than printing more money to hand to corporations for stock buybacks
Ever notice democrats specifically always talking about helping people by means of college dispite that being a totally inequitable way of helping the poor and only effective for those who actually went to college in the first place? (Usually the richer half of the population anyway)
Ever also notice that those with college degrees tend to favor democrats in voting?
I'll quit being pedantic and say what I mean:
In recent times, likely since the 1970s and bolstered by the rise of MMT, people have been trying to bridge the widening wealth inequality gap by trying to nab a ticket into the upperclass as it quickly leaves the underclass behind.
One of these ways is stepping around the labor market early in life by going to college, which used to be done to get certifications and used to be hard
Now that tuitions are reaching the point of equilibrium with the real world opportunity cost of not joining the workforce for 4 or more years, those who have been sold a ticket are increasingly anxious and rationalizing their economic choices for moral ones.
Just like letting in more immigrants/population growth is worse for every aspect and sector of society except rich capital owners (look it up bitch, yes it's true) and good for votes for democrats, a similar thing is true for enriching that upper-middle class of those risk-averse moralizers desperately trying to claw their way up to the yuppie citadels so they too can fly blm flags from their condominium windows
based and redpilled
debt is bigger than politics, that is why politicians listen to the bankers
Wtf? I love college now
In every era institutions abuse people until the people destroy the institution.
Maybe consider that the current era of corps and institutions are nearing their apex/end.
Buy stock the day it happens in consumer goods companies. Economy will "drop" at first but consumers will have a lot more disposable income that will go right into consumer goods.
I hope their jew score takes a hit at least
I unironically took out a student loan for the first time at the beginning of this year, dropped out and bought Bitcoin with it
Then the rona happened and I don't pay interest on it either until 2021 LOL
Now I hope this shit happens, though it won't, literally everything that can happen with this is profitable to us both politically and financially
I think this must be what it is like to be a Jew
[a Stonetoss comic goes here]
they are just trying to rile them up for what is to come
Implying?