07-03-2023, 11:18 AM
(07-03-2023, 11:10 AM)GMDino Wrote: The other thing this gets at is something most of us agree on: The student loan issue goes far beyond just who borrows what and how they'll pay it back. There are multiple issues at work here from the institutions to the banks to the government to interest rates, etc.
Just forgiving loans isn't enough. The system needs reworked.
Forgiving loans should not happen imo. That is a personal responsibility that someone voluntarily agreed to and signed a contract. If the Gov't wants to pay off someone's personal debt (student loans in this case) then they better be paying off everyone's personal loans, credit card debt, auto loans, mortages, etc. Those are all loans adults willingly accepted and signed for.
That includes PPP loans even though our Fed Gov't along with other world leaders are responsible for people needing those loans in the first place.
I definitely agree the system needs to be reworked.
