A FAIR solution to student loan debt? [View all]
I certainly support doing SOMETHING about student loan debt.
I'm also a realist and realize that picking and choosing millions of people in debt up to their eyeballs... who way overspent on their Degree with little chance of paying it off...
Will result in a COLOSSAL political backlash.
I'm talking about a political volcano like Krakatoa or Thira.
The ONLY way this works is IF all people feel rewarded.
Make a formula to adjust the social security of people.
The gov't pays off 25,000 of your student loan debt, and you're 32... at 67 you will receive $43 less a month in SS
You're 56 and paid your own way through college or paid off your loans? You see an extra $53 per month in SS
Didn't go to college? You get the $53 also...
Sorta like your grandmother saying "I'll give you $10k now but your inheritance will be reduced to @25k after I pass..."
You CAN NOT assign a benefit to a select group of people without pissing off a hundred million+ people and WE ALL KNOW what happens when enough Americans get pissed off.
= new reply since forum marked as read