Trump is going to steal student's work wages to pay for their loan debt
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36-40, F
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SatanBurger · 36-40, F
@redredred You seem to not get that tariffs aren't working and the economy is going to go into a recession. If the govt collects right now, students are not going to spend money back into the economy. There's no incentive to do that. What Trump and people like you thought was going to happen was that you'd bully China and the world into giving you cash. So you had this utopian America ultra rich fantasy. You seem to not get that it's not going to work
https://www.msnbc.com/msnbc/rcna202805
Setting aside the wisdom of this as a policy, it’s particularly ill-timed, given the precarious state of the economy. Put simply, this plan amounts to an anti-stimulus, taking money that would be helping stimulate the economy out of circulation.
It’s crazy that this policy even made it out of a meeting. Fears of a recession are growing. The Federal Reserve warns we’ll likely see higher inflation because of Trump’s trade wars. And the price of eggs is still too high. Now the government wants to withhold money from people who are struggling to stay afloat.
Put yourself in the shoes of a typical small-business owner, already stretched thin by the looming price increases and potential inflation due to the tariffs. They may soon have to decide whether to raise prices and potentially lose customers or look for ways to cut costs, perhaps by letting go of staff. Now their customers with student loans will be even more hard-pressed
It’s crazy that this policy even made it out of a meeting. Fears of a recession are growing. The Federal Reserve warns we’ll likely see higher inflation because of Trump’s trade wars. And the price of eggs is still too high. Now the government wants to withhold money from people who are struggling to stay afloat.
Put yourself in the shoes of a typical small-business owner, already stretched thin by the looming price increases and potential inflation due to the tariffs. They may soon have to decide whether to raise prices and potentially lose customers or look for ways to cut costs, perhaps by letting go of staff. Now their customers with student loans will be even more hard-pressed
https://www.msnbc.com/msnbc/rcna202805
redredred · M
@SatanBurger if you get financial info from MSLSD, it’s clear that you have no understanding of how well the economy is doing. Dozens of nations are already lining up to make trade deals limiting or eliminating tariffs between the US and them. Manufacturing, especially in critical product areas such as military materiel and Rx drugs are coming home.
The fact that some people borrowed six figures for unmarketable degrees is their first life lesson in economics. If you borrow it, you (and only you) have to pay it back. You cannot obligate your neighbor who went to trade school or your other neighbor who paid his own way through college.
The fact that some people borrowed six figures for unmarketable degrees is their first life lesson in economics. If you borrow it, you (and only you) have to pay it back. You cannot obligate your neighbor who went to trade school or your other neighbor who paid his own way through college.
SatanBurger · 36-40, F
@redredred
Honestly your claims are premature as there's no solid plan for "dozens" of countries having new trade deals as of yet. It's an over exaggeration.
You're ignoring rising tuition outpacing inflation, predatory lending by for-profit schools and the role of public policy in funding education. Those are structural issues that would affect student's abilities to pay back loans. Also cons over here whining about how CEOs are perfectly fine making 20,000 every week but somehow we can't rise minimum wage, have good child care/health care and other things which would make the economy more stable.
Actually the average debt is around 30,000 to 40,000, not all students have six figure debt. Not all degrees are unmarketable, this is a blanket statement based off perceived bias. The reason students can't find jobs are not because of any "one" thing.
This is an opinion, not a fact, student loan forgiveness is more complex. Some people argue that education is a public good and that loan relief can stimulate the economy, while others see it as unfair to those who didn’t borrow or already repaid their loans.
People are not going to spend more if the govt is taking their checks, that's already seen in some market trends and the newer generations.
Dozens of nations are already lining up to make trade deals limiting or eliminating tariffs between the US and them
Honestly your claims are premature as there's no solid plan for "dozens" of countries having new trade deals as of yet. It's an over exaggeration.
The fact that some people borrowed six figures for unmarketable degrees is their first life lesson in economics
You're ignoring rising tuition outpacing inflation, predatory lending by for-profit schools and the role of public policy in funding education. Those are structural issues that would affect student's abilities to pay back loans. Also cons over here whining about how CEOs are perfectly fine making 20,000 every week but somehow we can't rise minimum wage, have good child care/health care and other things which would make the economy more stable.
Actually the average debt is around 30,000 to 40,000, not all students have six figure debt. Not all degrees are unmarketable, this is a blanket statement based off perceived bias. The reason students can't find jobs are not because of any "one" thing.
If you borrow it, you have to pay it back. You can't obligate your neighbor
This is an opinion, not a fact, student loan forgiveness is more complex. Some people argue that education is a public good and that loan relief can stimulate the economy, while others see it as unfair to those who didn’t borrow or already repaid their loans.
People are not going to spend more if the govt is taking their checks, that's already seen in some market trends and the newer generations.
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