Reply To: Student Loan Forgiveness

“This isn’t going to return anything to the economy, because most people with productive jobs are already paying off their loans and are also spending money already.”
Correct, but instead of these productive people giving say $1000 to the gov and spending another $1000 on other things they now have $2000 to spend on other things. How will this not benefit the economy?

“got there because of bad financial decisions”
And should therefore be condemned to a life of financial hardships? Would you let people discharge student debt in bankruptcy? This is different than other debt (credit card, mortgage) because as you agreed the gov played a roll in creating the problem.

“that won’t change if we forgive their loans.”
True which is why I support not handing out loans like candy.