I genuinely don’t get it. My brain says if people don’t have this looming debt they have to pay into, they’ll have more money to feed into the economy via goods and services.
ETA: I only have this question because of what Biden is saying. I have a gut feeling it’s misdirection to avoid cancelling student loans, but figured I check.
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I can’t give you a detailed, intelligent answer like others have, but all I know is that it sounds too good to be true and when that happens, it usually is. Democratic politicians are touting this as a saving grace to the economy but as the old saying goes: “the Devil is in the details.”
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