Is principled fiscal conservative Mitt Romney right on this one?
>Desperate polls call for desperate measures: Dems consider forgiving trillions in student loans. Other bribe suggestions: Forgive auto loans? Forgive credit card debt? Forgive mortgages? And put a wealth tax on the super-rich to pay for it all. What could possibly go wrong?
businessinsider.com
> NOOOOOOOO KIDS WONT BE IN PERPETUAL DEBT! WE NEED DEBT SLAVES FOR A FUNCTIONING SOCIETYORINO
>GOP: COULD YOU JUST IMAGINE IF THINGS WERE DIFFERENT
Yawn...
Mitt Romney is a faggot and isn’t even a real Mormon.
>put a wealth tax on the super-rich to pay for it all
You don't need to "pay" to destroy an asset. You just destroy it. You can destroy the Fed student loan assets without paying a dime.
>Forgive auto loans? Forgive credit card debt?
Both of those can be discharged in the regular bankruptcy process. The reason 'student loans' became a problem is because they were removed from the normal bankruptcy system and placed into their own special category where bankruptcy became almost impossible.
Fake, he marched with blm. This was probably his idea
Wouldn't that have the same effect as printing money out of thin air? Seems like a bad idea given the current inflationary climate.
No, the government cannot “destroy” privately owned assets without due process which costs time and money.
Winrar. This right here.
Bankruptcy exists as a Federal statute to absolve our nation of the grave sin of usury. Without that back door, God would punish us severely for our transgression. Student loans are unsecured and non dischargeable, meaning they are usury, and a sin against God. Repent or die, there are no other options.
> debt to globohomo corporations and governments
Its neither real nor it counts. If I had student debts, I would not pay them out of principle.
Using my trick, Mittens?
How you don't even need to lie - the truth already is complicated enough as it is?
I'll allow it~
>Wouldn't that have the same effect as printing money out of thin air? Seems like a bad idea given the current inflationary climate.
No, destroying assets is actually deflationary. The government has less assets to borrow from, causing interest rates to rise, causing a retraction of the fiscal markets, causing deflation
>No, the government cannot “destroy” privately owned assets without due process which costs time and money.
The student debt is held exclusively by the Fed. The government may absolutely destroy these publicly held assets.
>Forgive auto loans? Forgive credit card debt? Forgive mortgages?
Yes Mittens. No more debt slavery.
Yes. The occasional debt jubilee is required in a healthy society. It's in the bible.
So the asset is the money the government expects to get from the debtor. How does writing that off take any money out of circulation? Now the debtor has more money to spend in the economy, increasing demand and contributing to inflation. We both know the government relies on deficit spending and will continue to create more money.
This but unironically. They willingly became slaves though
>How does writing that off take any money out of circulation?
Are you talking classical inflation or the general inflation that 99% of non lolberts talk about. Either way, by destroying the asset base, the credit worthiness of the US government is reduced, causing interest rates to increase, causing the deflation.
It would be far better to have everyone pay off their debt tomorrow, but that can't and won't happen. The next best option is a student debt jubilee.
Take that student money and give it to Ukraine.
The students who are typically crippled with dept are generally terrible, indoctrinated zombies. Not sure if they are bigger society killers as broke nothing to losers or retarded uselesd government employees sucking tax money.
Who else is excited for
PRINCIPLED
FISCAL
CONSERVATISM
Now THAT is a message that puts the ASSES in the VOTING BOOTH.
None of this EXTREMIST nonsense like "race."
So they are hoping every 4 years 10k more debt accumulates from interest and people keep voting but never pay them off because sugar daddy might foot the whole bill in one go so paying out of pocket at this point is only for retards.
This dumb nigger still trying to pretend he's republican.
Yeah, I'm not thinking that deliberately destroying our nation's creditworthiness to force higher interest rates is a legitimate solution to inflation. Especially not when it effectively means consumers have more free cash to spend in an economy that is already experiencing high demand. Why not default on all of our debt while we're at it?
MONOPOLY MAN MCMONEYBAGS SUDDENLY REMEMBERS HE IS FILTHY FUCKING RICH, REVERTS TO FORM, PINCHES PENNIES UNTIL THEY FUCKING BLEED
/wow, no fuckin' shit?
WOW IF HE JUST USED THIS PIERCING ROCK-RIBBED RHETORIC ON OBAMA, HE'D STILL BE PRESIDENT RIGHT NOW
lmao
Allow them to declare for bankruptcy
>fiscal conservative Mitt Romney
not enough money for wars