lriv724@discuss.online to Asklemmy@lemmy.ml · 5 days agoIs canceling student loan debt considered stealing?message-squaremessage-square54fedilinkarrow-up144arrow-down114file-text
arrow-up130arrow-down1message-squareIs canceling student loan debt considered stealing?lriv724@discuss.online to Asklemmy@lemmy.ml · 5 days agomessage-square54fedilinkfile-text
I have an economics teacher that made this claim in class yesterday. I wanted to know other people’s thoughts about it.
minus-squaretheonlytruescotsmanlinkfedilinkEnglisharrow-up4arrow-down1·5 days agoWhy would it be government debt? Just cancel the loan, don’t pay it on behalf of the borrower.
minus-squareryathallinkfedilinkarrow-up2arrow-down1·5 days agoThe government guarantees the loan. Student loans are ultimately the government taking out a loan on behalf of a citizen.
Why would it be government debt? Just cancel the loan, don’t pay it on behalf of the borrower.
The government guarantees the loan. Student loans are ultimately the government taking out a loan on behalf of a citizen.