re: 17 state attorneys general call for canceling $50K in student loan debt

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So if you’re just scrapping huh paying bills and a student loans payment and then your student loan payment is lessened built a large percent you wouldn’t have more money to spend?

Oh right, of course you would.

You listed “higher wages” as part of your pros for tax cuts. And the benefit to the economy is that people have more spending money. More money beyond their basic needs. And that’s exactly what this would do for millions of people.

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Again, gonna need you to tell me how someone that would consider an extra $140 as "huge relief" is going to do anything other than paying on existing debt with this "huge relief."

And why programs will you be cutting to make up for this lost revenue? I know asking a liberal how to pay for their handouts is taboo, but please indulge me.

Your downvote totally stings btw

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When has this ever been a consideration of legislators?

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So let's just cancel all government backed debt then.

Unfortunately for me, I was too privileged to get straight govt student loans and had to get govt backed private student loans, so they won't be paying mine anyway.

Also worked for govt in the past and when I got to 10 years, I filled out the paper work for the loans to be paid off by the govt. Turns out that doesn't apply to govt backed private student loans either.

Student loan debt is not a law enforcement issue.

They should stay in their lane.

When my wife and I got married she had a significant college loan. We are older and this was several years ago. I received a bonus that exceeded her college debt. We used the money to pay off the loan rather than taking a vacation or buying something. There was never any doubt of what we were going to do.

It is very frustrating to me to see where we are today. What has happened to personal responsibility?

On another note. IF college loans were to be forgiven I wonder if an employer would be allowed to ask a potential employee if they have ever had a college loan forgiven. If a person does not honor the loan signed in good faith would they honor an employment contract (non complete,etc).

1. It’s a 140 more dollars a person will have. You’re assuming all of them have other “existing debts.”

2. Again, we cut taxes without cutting expenditures all the time, and those tax cuts don’t just come back in other tax revenue. So how is this different?

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1. It’s a 140 more dollars a person will have. You’re assuming all of them have other “existing debts.”

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Because you said it's a "huge relief." I warned you about staying consistent, and unsurprisingly, you cannot.

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2. Again, we cut taxes without cutting expenditures all the time, and those tax cuts don’t just come back in other tax revenue. So how is this different?

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I would like to see some examples of tax cuts that would match the magnitude of forgiving even just the interest on all student loans.

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So you’re saying it’s impossible for 140 bucks to be a huge relief to anyone not drowning in other debts.

IMPOSSIBLE

I’m inconsistent.

Because that’s just not possible.

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You're right, even though 6 of 10 Americans don't have $500 in savings, we should assume that $140 would just be play money for most

Whoa let’s be consistent.

You’re saying they would all spend it on “existing debt”

What if they just spend it on food. Doesn’t that stimulate the economy? Restaurants and grocery stores?

What about replacing old clothes. What about buying a car. What about stowing it away to buy a houses

All of that would stimulate the economy.

Paying off credit card debt might not but youre assuming everyone of the Has a ton of credit card debt.

Also you’re assuming this is going to be 140 across th board. My wife pays like 400 in student loan payments a month. Most of it is interest and if we got that money I guarantee it would get spent.