“Your premise is that the student loan bubble is “too big to fail” because it would “cripple the US economy”. Then by failing to continue to fund it, you would also cause it to fail.
So you are directly implying we should continue to fund the student loan program because failing to do so will cripple the economy.”
You don’t know me very well and you are a terrible mind reader. By the way I am an electrical engineer that dabbles a little in RF at work.
T.A.R.P has and will cripple the U.S. economy. Forgiving student loans will do even more damage. I do not favor the present system of higher education funding. Adding another trillion to the U.S. debt is insanity.
“T.A.R.P has and will cripple the U.S. economy. Forgiving student loans will do even more damage. I do not favor the present system of higher education funding. Adding another trillion to the U.S. debt is insanity.”
Too late. TARP is done. Yes, it was and is very damaging.
The trillion in student loans is already there. We’re already hosed!!! Don’t you see? Which is better? maintaining a bad debt or discharging it in bankruptcy.
“I am an electrical engineer that dabbles a little in RF at work.”
I didn’t say you were a bad engineer, just a bad economist.