I take it the "they" in this sentence doesn't refer to taxpayers, who will now have more debt to pay so that the rich can become richer, all while exacerbating the problem for future generations.
I take it the "they" in this sentence doesn't refer to taxpayers, who will now have more debt to pay so that the rich can become richer, all while exacerbating the problem for future generations.
The supposition that having attended college means you are rich beyond the dreams of Avarice is a terrible lie to sell to people. It leads people taking loans for higher education that they might not ever be able to pay for just because someone sold them a lie about what attending college can do.
Taxpayers are already on the hook for these loans as they are federally subsidized.
If you know anything about government accounting it's one part of government "paying" a different part of government. Basically, Treasury sends $10k to the Dept of Education. The pockets change but it's the same pair of pants.
"they will simply have less debt to pay"
I take it the "they" in this sentence doesn't refer to taxpayers, who will now have more debt to pay so that the rich can become richer, all while exacerbating the problem for future generations.
I would not say those making under 125k fall into the rich getting richer category.
...Unless you are living in Greenbow, Alabama.
The supposition that having attended college means you are rich beyond the dreams of Avarice is a terrible lie to sell to people. It leads people taking loans for higher education that they might not ever be able to pay for just because someone sold them a lie about what attending college can do.
Taxpayers are already on the hook for these loans as they are federally subsidized.
If you know anything about government accounting it's one part of government "paying" a different part of government. Basically, Treasury sends $10k to the Dept of Education. The pockets change but it's the same pair of pants.
As far as the taxpayer goes nothing changes.