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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lol bro imagine you lend someone half of your life savings and then the government tells you they don’t have to pay you back.. lmao this sounds stupid. Even if the government themselves paid it off, they’d probably do it by printing more money since thats been their recent go-to strategy. Leading to even more inflation. It sounds like a cool idea but super irrational.
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