And just how might the local realtor, who writes a weekly ‘infomercial’ for his agency in several local newspapers or inserts, propose to pay for his proposal (9/19) to cancel all college student …
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And just how might the local realtor, who writes a weekly ‘infomercial’ for his agency in several local newspapers or inserts, propose to pay for his proposal (9/19) to cancel all college student loan debt, and thus boosting property sales to hitherto unimagined heights?
Would he propose the creation of $1.5+ trillion (aka funny money) out of nothing by the ever-willing Federal Reserve, thus creating ‘the mother of all’ inflationary bubbles?
Or better, would he advocate defaulting on a requisite amount of our already bloated national debt?
Meanwhile, shouldn’t he and his peers sell their houses, cars, and agencies and give the proceeds to some anonymous ex-students (aka wage slaves) to ease their financial pains?
And what about the situations of those borrowers still in school, or those future college enrollees, born or unborn; would they qualify for this third-party largess?
Might a far better solution be, to get the Federal Government out of the student loan business entirely, thus forcing colleges to severely prune their bloated staffs and ratchet back their costs to more reasonable/attainable levels for their captive student customers?
Russell W Haas,Golden
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