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Biden is doing what the government is supposed to do. Promoting the general welfare. Massive student debt is dragging down the economy. People with degrees pay for training plumbers so why shouldn't it work the other way ?
Because the GOP loves watching people suffer while their precious corporations gain constant free handouts. It's actually quite funny and highlights why they shouldn't be in control of anything, in my opinion. They say "The plumber shouldn't pay for your loan bailout! Pay off your loan, lazy liberal!" because it's Biden, but hooooo boy whenever Trump performed any bailout for those corps and farms when he was president, even at the expense of taxpayers, these same people were all for supporting it, because apparantly its ok for taxpayers to pay for a companies blunt failure, but it wasn't ok to pay for your student relief. Classic.
Are you aware that the largest recipients of taxpayer money in the country are the wealthy?
NO and also the biggest taxpayers in the country are plumbers!! Meanwhile Elton Musk and corporations like ATT play $3 a year. But also we need to spend $900 billion a year on the military.
Man, you gotta just pity this guy. Is he desperate for attention? Screaming into a void? The world may never know.
I'm not understanding the controversy here.
If the government uses some of the budget to pay back part of student loans, the creditors get their money so that's good for them. The debtors having been relieved, will spend that money instead on products and services - some of that money will be collected as taxes, and some of it will circulate into the economy. A sizeable portion of that money will go to businesses that can invest it into more employees and providing more services and products available to consumers, expanding the economy and generating more tax revenues. In the case of federal loans, the government is really just wiping out a debt to itself, nobody is actually losing money on this. So if I haven't misunderstood or missed something crucial, my question is: WHO IS THE VICTIM?