Warren Urges Biden to Cancel Student Debt to Stimulate Economy

Aletheia4u

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Feb 3, 2017
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now we know how the Dems are going to pay those students who were involved in these protests. They've bribed them by promising the students that they will have their loan canceled.
But there is a better wy to cancel their loan. It is by creating interest-free or debt-free currency.
If the country was not in so much debt. that there will not be any problem to forgive someone's debts.
It is the international bankers who want their money back with interest. And so I guess that Biden is going to tell these bankers to tell the students not to worry about paying back the loan. That it was a gift from Big banks.


 
Will never happen and if it did it would send the world into a recession....debt must be paid back...one way or the other it will be....to do this would cause the poorest in the nation to pay for rich kids to go to elite schools....I know....why don't we put tuition price controls on the universities and place a maximum on teachers salaries....cut their benefit packages....hell the left wants to do that to you and me....what's good for the goose is just fine for the gander.....
 
Let's do the numbers: The total student loan debt in the US is $1.6 trillion dollars as of 2020. The average monthly student loan payment is $393 per month. The average monthly salary in the US is between $4,000 - $6,000 dollars.

So tell me: How is the average person who has a student loan going to bring the economy roaring back by having a lousy $393 extra dollars a month to spend?

There are also 45 million student load borrowers who are currently paying back. If everything they saved by not repaying student loans was going back into the economy, that would be $17.685 billion dollars a month, or $212 billion dollars per year.

If every bit of that $393 per month was going back into the economy which isn't very likely, it would take approximately 7.55 years to recoup the $1.6 trillion of student loans that was written off. In other words, 7.55 years to reduce the current $27.3 trillion national debt by only $1.6 trillion dollars

Please feel free to check my figures. So who comes up with stupid ideas like this? Oh, right: Democrats.
 
Economics is so easy for Demo/Socialists. Sure just "cancel the student loan debt!" And then "make college free for everyone!" And "free healthcare for everyone, whether you're a citizen or not!" WHEEEEEEEE!!!!! Isn't it great that the Demo/Socialists can just make money fall from the sky?
 
now we know how the Dems are going to pay those students who were involved in these protests. They've bribed them by promising the students that they will have their loan canceled.
But there is a better wy to cancel their loan. It is by creating interest-free or debt-free currency.
If the country was not in so much debt. that there will not be any problem to forgive someone's debts.
It is the international bankers who want their money back with interest. And so I guess that Biden is going to tell these bankers to tell the students not to worry about paying back the loan. That it was a gift from Big banks.



If everyone's student loans are cancelled and everyone gets a government stipend of 1000 dollars a week, whether you work or not, why go to college or work when you get free money to do nothing?
 
Why is Warren the Fake Pocahontas urging China Biden anything???

This election is not over, far from it it's just starting.

What a nerve the witch has! :mad-61:
 
Economics is so easy for Demo/Socialists. Sure just "cancel the student loan debt!" And then "make college free for everyone!" And "free healthcare for everyone, whether you're a citizen or not!" WHEEEEEEEE!!!!! Isn't it great that the Demo/Socialists can just make money fall from the sky?

The Demo/Socialists would be tripling down on their stupidity. Whatever was saved by putting the money back into the economy from the cancelled student loans, would be wiped out by the free college. Then to add the free medical care, would make it even worse. Then to add the monumental expense of the "Green new Deal"...... well you know where this is going.

One step forward, three steps backward. That's not very "progressive" of the left, is it?
 
now we know how the Dems are going to pay those students who were involved in these protests. They've bribed them by promising the students that they will have their loan canceled.
But there is a better wy to cancel their loan. It is by creating interest-free or debt-free currency.
If the country was not in so much debt. that there will not be any problem to forgive someone's debts.
It is the international bankers who want their money back with interest. And so I guess that Biden is going to tell these bankers to tell the students not to worry about paying back the loan. That it was a gift from Big banks.



If they really want to stimulate the economy they should also pay off everyone's mortgages.

Suspending payments on student loans would not help the recovery more than nationwide helicopter money.
 

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