Two conservative groups are asking a federal court to block the Biden administration’s plan to cancel $39 billion in student loans for more than 800,000 borrowers.
But it is an imaginary concept; beyond the value we prescibe to it, money means nothing. The money Biden attempt to cancel out before and the lesser amount he is attempting now is only money indebted to the United States Government; who like anyone else can and should be able to forgive debts owed to them at their will and leisure. Conservatives love to talk about small government and the benefits of private business, so why do they care about the private business of the government?
If you say something to the effect of “it’ll raise taxes!” It won’t, as the debt owed by students is wholly unrelated to the debt owed by the U.S. government or it’s expenditures. They could use the trivial amount for those things, but student loans payments have been mostly frozen for a while so its not like the government is recieving it anyways.
But it is an imaginary concept; beyond the value we prescibe to it, money means nothing. The money Biden attempt to cancel out before and the lesser amount he is attempting now is only money indebted to the United States Government; who like anyone else can and should be able to forgive debts owed to them at their will and leisure. Conservatives love to talk about small government and the benefits of private business, so why do they care about the private business of the government?
If you say something to the effect of “it’ll raise taxes!” It won’t, as the debt owed by students is wholly unrelated to the debt owed by the U.S. government or it’s expenditures. They could use the trivial amount for those things, but student loans payments have been mostly frozen for a while so its not like the government is recieving it anyways.