Doesn’t someone have to pay in the long run?
In: 2
I have some loans from the federal and provincial governments where I live so if one day our federal government says they forgive those loans, it would be like lending money to a friend and then saying “don’t worry about it.”
You’ll find some other way to get your money back but you won’t get it back from your friend. You’ll pick up a shift at work, or do some odd jobs for a neighbour, etc., but you’ve agreed that your friend won’t have to pay you back.
So if a government that’s expecting these loans to be paid back decides to forgive them, they’ll have to make their money back somehow. Either by cutting survives or increasing taxation, they’ll get their money back somehow.
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