- Aug 10, 2009
- 168,037
- 16,519
- 2,165
- Banned
- #61
What I don't get is this......the students aren't getting free money. They are fucking LOANS! That means in addition to the principle, they are currently paying 3.?% interest on their debt. The government is going to collect that original money plus interest. There's no reason to raise taxes OR to cut to pay for this.
Yes...there are students who default.....but even if those people file for bankruptcy, those debts aren't eligible for forgiveness. They will get the money back eventually...they can even garnish wages to collect it.
And the federal government is supposed to be your personal loan officer? Your own personal bank??
Nah... don't think so
Congress and the banks have disagreed with that perception for fifty years.