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3825-87867

(1,769 posts)
8. Wonder what happens to all that money we owe?
Wed Dec 2, 2020, 01:57 PM
Dec 2020

Let's see! If all of a sudden, a "student (regardless of age) didn't have to spend hundreds per month on their student loan (interest fee + collections + forever paying) that money would go to really stupid things like, oh, maybe, rent, mortgages, HEALTH CARE, a somewhat better standard of living, etc. And that money goes to usually small businesses in the debtor's area keeping them in business!

Son of a gun! Just like what the Republicans have always said - money goes to help create jobs!

Just like pumping 3 trillion into the economy over night!

And instead of the gov and a few private greedy corporations getting that money that they will use to just buy back stock or give to investors who won't return nearly as much to the population, small businesses and doctors and even more educational facilities (through local) school taxes and many others would benefit from it.

Isn't that the same or better than a "Stimulus" where most of the money goes to businesses that don't need it?

Win Win!

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