No different from the GOP bailed out Wall Street banks. The gov brought all their tozic mortgages and notes and gave them newly printed money to loan out to the economy and consumers hoping to jump start the economy. CEO used it to get bonuses and invest in the stock market in lieu of the US economy. Atleast a taxpayer bailout of student loans will free up the student to consider moving out of parents home, settle down and buy a home. Don t get me wrong, both involve a bailout at taxpayers expense, but one group took our money and kept it for themselves, while the other group may use the relief to move on with their lives, get marry and buy homes and eventually stimulate Main Street economy.
We can either bail everybody out, or we can make selective bailouts based on perceived merit... the latter is just a slower path to collapse.
The plundering of the treasury continues; the feral govt is still growing; the flagrant ignoring of the Constitution is ongoing.
This is basically a windfall to the rich.
The children of rich parents who are too spoiled to get a job and only went to college to party will now get to sit in their parents basements and get those useless degrees for free.
The wives of millionaires a billionaires who stay at home will get their ivy league mrs degrees for free now simply by filing their taxes separately.