The Supreme Court ruled Biden’s student-loan forgiveness is illegal, meaning borrowers will resume payments without debt cancellation this year.
The Supreme Court ruled Biden’s student-loan forgiveness is illegal, meaning borrowers will resume payments without debt cancellation this year.
If a thing costs $10, and the government offers to pay $5 of it without any further action, the price of the thing rises to $15. Government money without restrictions is a big part of why tuition costs so much.
Tax money that goes to loan forgiveness for upple middle income people is tax money that can’t be spent on decreasing the wealth gap, and in fact will help solidify the wealth gap for anyone not fortunate enough to have a college degree (ie the vast majority of poor people).
Debt forgiveness increases the cost of things. What we need is to attack the roots of the problem - the cost. Don’t give people government money to repay private businesses for their ridiculous costs. Use government money to bring the cost down.
California is developing its own generic insulin that it will sell at cost. This will force companies to lower their prices. THAT is how to attack the problem.