I know people that are annoyed about student loan forgiveness because “I paid my loans back, it’s not fair!” I point out that having a huge portion of our working age population saddled with a huge amount of debt is a drag on the economy. These people would be buying goods and services rather than having their money siphoned off to a bank each month. A strong economy benefits everyone. Forcing these people to pay for their entire lives only benefits the banks.
I know people that are annoyed about student loan forgiveness because “I paid my loans back, it’s not fair!” I point out that having a huge portion of our working age population saddled with a huge amount of debt is a drag on the economy. These people would be buying goods and services rather than having their money siphoned off to a bank each month. A strong economy benefits everyone. Forcing these people to pay for their entire lives only benefits the banks.
I hate this mentality so much, they even have something much more valid to complain about too. Complain about the PPP loans that got forgiven.