Pardoning the student's debt

What do you think the consequences will be?
>most loans are federal
>stimulate spending
won't this just worse inflation while making the government poorer?

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Likely a crash down the road or war. Or both.
Also I want to bang the short one something fierce.

Most of that money is lost either way, banks are getting about a third of what they give away in students loans

I already invested my 10k because I had the cash on hand to pay it in full.

Who cares it won’t pass, its just a ploy to get votes for the mid term and then they’ll just delay their “””plans””” to forgive student loans again until the next election

300 Billion is nothing and a substantial part of that debt was never going to be paid. What it really did was tidy up the government balance sheet.

But I look forward to Any Forumslets seething about this all week.

It's gonna pass the house easily. It probably will pass the Senate unless Sinema is breaking from Dems and voting against it (seems unlikely?)

Biden did it by executive order. Try to pay attention.

won't this further drive up inflation?

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