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re: Cancelling student loan debt seems like an incredibly unfair policy (re: warren)
Posted on 6/17/19 at 4:00 pm to cable
Posted on 6/17/19 at 4:00 pm to cable
quote:
Has anyone put a concrete dollar amount on what this loan forgiveness would actually cost? That seems like a logical point to start the discussion. If it's not remotely economically possible (which I'll bet dollars to donuts it isn't), there isn't really a point in even starting the discussion.
If we cut out a lot of superfluous spending and foreign aide (see thread on this topic), we'd have plenty of money for this.
2
Posted on 6/17/19 at 4:06 pm to BulldogXero
as of 1 year ago, there was $1.5 trillion in student loan debt in the U.S. Compensating those who already paid off their loans would probably triple that number. The country's entire budget for this year was $4.4 trillion.
After that, free college for all would probably cost about $100 billion annually. I don't see any way this is a feasible proposal.
After that, free college for all would probably cost about $100 billion annually. I don't see any way this is a feasible proposal.
Posted on 6/17/19 at 4:07 pm to BulldogXero
quote:
If we cut out a lot of superfluous spending and foreign aide (see thread on this topic), we'd have plenty of money for this.
Plenty of money better spent on other things besides loan forgiveness.
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