No bank would trust the US

If the tried to do what sweden did back in the 80's it would be a terrible idea

Why would that destroy our credit?

Banks dont give the majority of student loan debt

Bull shit.

Maybe I miss typed

If you Loan money and he forgives the Dept he loses money

it wont be that easy

All federal student loan debt

Someone has to pay it to be forgiven

you cant just do it for free

it effects Value

And it's not like even if the majority of the money was from the gov that that would make forgiving the debt not shit on our economy

But your missing my point.

No you misunderstand the consequences of that action

An individual's capital is heavily dependent on what they can buy

I know what you want to do, but that would be catastrophic

You may lose a lot in the short term but over the long term you would make more in tax revenue

As they can dedicate more money to moving up in the economic ladder

But maybe I'm just being idealistic

not really

just saturates already saturated markets

The government functions on the money it has and is owed. You'd suck so much M2 and M3 money out of the government that we'd go bankrupt.

so that theres no education platform to new wealth

notice how many degrees were oversaturated and dont pay more than many fresh out of highschool jobs?

Any type of debt forgiveness (except bankruptcy) may also result in higher taxable income. The Internal Revenue Service considers all or most of forgiven debt or cancelled debt as taxable income, depending on your asset-to-liability ratio (do you owe more than your assets are worth) at the time the debt was forgiven. You will receive a 1099-C tax form from the creditor if $600 or more is forgiven. In addition, creditors may sell the unpaid portion of the debt to a collection agency. The bottom line is that you may still be responsible for repaying part of the forgiven debt.

Yeah the issue is that the cost of a degree is hiked up with no benefits except for in STEM fields

free college merely saturates most if not all fields inevitably

its not that

I never said free college

we straight up dont NEED some of those jobs

🤔

I never said you said free college

This guy did....

lol

Oh I was busy typing and didn't see that

he said she said you said Free

well he gave the cost of it

its the implication

Well @Kyle Judkins Free college might be necessary in the future due to the rampant need of specialization

Nah mate you gotta read the full text