The U.S. Department of Education has announced the Office of Federal Student Aid (FSA) will resume collections of federal student loans that are in default on May 5.
In the op-ed, McMahon says, “Why? Not because we want to be unkind to student borrowers. Borrowing money and failing to pay it back isn’t a victimless offense. Debt doesn’t go away; it gets transferred to others. If borrowers don’t pay their debts to the government, taxpayers do.”
But when businesses need a bailout…
Also, hilarious coming from this administration. How many bankruptcies has Trump been involved in?
And we all know the rich don’t pay taxes so…
Debt is a concept not a physical thing, there isn’t anything intrinsic about it that must make it transfer to others.
If I’m ok with forgiving $5 they my friend owes me for lunch, that doesn’t make the debt mysteriously transfer to a 3rd party.
Wait, I thought we were getting rid of the Dept. of Education?
They recently found out that there are a lot of people who owe the DoE money, so they decided to keep it around for a while
I thought they were moving those loans to a different department? I should ask A1.
Clearly, the steaks have been raised
Nah just renaming it to the “Department of Extortion”
Only the parts that were actually helpful to real people. All the bad shit remains.
The US is THIRTY-SEVEN TRILLION DOLLARS in debt. We would have to pay off that money first before we ever get to any new debt incurred from the forgiveness of student loans.
These people are neither honest nor credible. This is class warfare on behalf of the oligarchy to keep the lower classes subjected deep in servitude.
I don’t understand your statement, the student debt is already there held by the government and theoretically they plan their future revenue for the budget with payments from student loan borrowers included. So forgiving student loan debt would just be a decrease in revenue while they continue to have the same amount of debt.
I don’t believe that you fail to understand how incurring more national debt being called unacceptable from the clowncult that has exploded our debt to THIRTY-SEVEN TRILLION dollars of giveaways in actual capital to the ultrawealthy ownership/rentier class is utter two-faced poor character trash. If you can’t recognize this, you’re simply a useful idiot carrying water for the rentier/ownership class in their warfare to keep the masses subservient. You suck. Do better.
But it’s not adding new debt, the federal government already holds that debt. I’m not clear if you understand that.
Yea, we know. When is the last time a Republican administration did anything to help regular people? Or anything that might be good for the economy?
Doesn’t happen.
Every time the Republicans get control of the government they fuck over my current career trajectory. They’d been nothing but harmful to me and my family for three decades now.
Same, absolutely!
that’s fine. i’m not paying.
They are able to intercept any tax refunds and garnish your wages. Just so you’re not surprised. Once they put you in collections, it’s not really optional
then they’ll have to do that because i am not willingly paying shit.
Big balls himself frfr. Takes courage to resist harassment from debt collectors.
No mass forgiveness, only mass shootings.
Dont forget mass deportations
Try me, bitch.
Their precious birth rate is going to continue to plummet
What if the person promises to buy a Trump meme coin?
Comes with free virus!
