There's a growing movement for student debt forgiveness.
I agree with it wholeheartedly. In the interest of full disclosure, I currently have approximately $1.2 billion of student loan debt.
Having said that, most recent graduates have monthly debt payments roughly amounting to a car payment upwards of a mortgage payment. Since most people coming out of college are wanting to buy cars and houses, and since our economy needs people to buy cars and houses, maybe it's not such an offensive idea to forgive the debt....blah blah blah, just, like, forgive the debt and stuff, because it makes perfect political and economic sense or something whatever.
Note: If you are in your 20s or early 30s, you should probably get used to the fact that the government will be completely unresponsive to your needs. The Baby Boomers will take all the shit, and you won't get anything but the bill. This is because they vote more than you, and their cohorts are in power.
Monday, February 16, 2009
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