Want to save the economy? Want a long term economic boost? Cancel all student debt!

[Augiedog]

Giving money to bankers, big oil and Wall Street is like giving blood to sharks instead of the shark bite victims.

Student debt is a millennial albatross, sucking the life blood out of our economy and providing nothing so much as 300 foot yachts for the ultimate welfare queens...billionaires.

There are numerous ways to save our economy including the working folk, you know...the consumer. No business can succeed without a consumer demand of some sort. You can’t create demand for something nobody wants by giving taxpayer money to the ineffectual businesses. If yer gonna give money to somebody, give it to somebody who will spend it. Then you will see the economy explode and Wall Street will be just fine.

If you don’t believe me, just ask trump, he is the biggest welfare queen to ever hold office.

[The Velveteen Ocelot]

1. Maybe not.

https://www.forbes.com/sites/zackfriedman/2019/12/03/student-loans-debt-forgiven-impact/#58d06a5274e9

[lame54]

2. That would help his reelection odds but...

That is the thing about republicans

Even when doing the right thing works in their favor they still won't do it

[ProudMNDemocrat]

3. College graduates spend the first 15 years paying back on student loans....

Despite jobs, if they land tnem, start paying on Student loans.

My 44 year old daughter needed our help to buy her first home after her post graduate Chiropractic Degree. She was able to buy a 2nd home after she earned over $50,000 in equity after 6 years of ownership for a downpayment. Luckily her husband is gainfully employed, but she still owes over $100,000 in loans since 2003, when it was $45,000 more. She has 2 cars, 2 kids a d their extra circular activities.

Erasing student debt would make these graduates consumers from the start.

[jimfields33]

4. I think government loans could be erased

But private loans I don’t think can be.

[Prosper]

6. The government socialized billions for the 2008 solution.

The right wing propaganda machine has indoctrinated the working class with a sense of embarrassment for the same things that the rich demand as a birthright. The country needs to be educated in the difference between rich and poor socialization.

[Prosper]

5. Spend is prosperity. Cutting spending is austerity.