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Message
re: Blue Collar Joe cancels 6.1b student loans for Art Majors..
Posted on 5/1/24 at 3:34 pm to BearCrocs
Posted on 5/1/24 at 3:34 pm to BearCrocs
quote:
Has anyone figured out how this actually works?
Is that 6.1B recouped in the form of tax revenue?
I genuinely want to know
That money has to come from somewhere at the federal level. And considering the federal level spends more money than it collects, the answer is painful but obvious.
That money gets added to our national deficit. Whatever explanation and nomenclature they deploy is trivial.
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