So millions of Americans have a collective $1.5 Trillion in student debt, most of it guaranteed by Fed.gov, which itself is in debt for $22 Trillion (not counting any future promises also)
Now we have a socialist candidate saying that as President, she can just eliminate that debt with the stroke of a pen.
These are the perverse fruits of the Federal Reserve and our printed, fiat currency.
Why stop with student loans? Why not general debt forgiveness? We should all start with a clean slate.
What makes students special?
I have been doing accounting & Bookkeeping since I was 17 & I just turned 80.
I am straining my experience to come up with the accounting entries that would be put on the books to achieve this nonsense.
I paid every penny of my college expenses. I never had a single dime of ‘loans’.
The Federal Government under Obama took over student loans from local banks-—who KNEW their customers & acted accordingly.
Stealing from the taxpayers -—many of whom NEVER had any college education -— to make current loan parers whole is so wrong, I don’t have words for it.
This is MASSIVE theft——and WARREN KNOWS IT.
How many hard core Dem voters who never had a college loan to forgive will be really turned off by this idea????