It’s an election year, so Democrats will be babbling about how they’re gonna wipe away everybody’s student loan debt, abra-cadabra, etc.
But the debt won’t go away. It can only be shifted to someone else. There’s a trillion dollars out there: if the people who borrowed it won’t repay it, someone else will have to. If not, the money will simply be lost.
How many times can we do that without going belly-up?
Less than once. I pity anyone with massive student loans, but don’t sign on the dotted line, unless you are willing to pay the money back.
Yeah–but there’s SloJo out there promising to wipe out your debt… and some people are dumb enough to believe him.
I would say not many. A country can only print so much money out of thin air and then they collapse.