I think the Biden student debt forgiveness decision is being very disproportionately attacked from the Left. (See the Washington Post editorial on it, for example.) I doubt it will have as dire an effect as some are claiming.
I mean, I would like to see the Left get as agitated by Republican moves that are much worse.
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Its never a bad time to attack usury. Debt forgiveness is important to the free enterprise economy and amount to the only way of getting out of recessions. At the very least we need to forgive the interest part of debt if we fall into recession. Perhaps still allow people to be held responsible for the dollar amount they borrowed but forgive the rest. Most of these students will have already paid all or most of their dollar amount.
The banking system GETS A DAILY SUBSIDY. While this remains the case they can fucking wear it. They wear every dollar of rent forgiveness that we choose to impose on them, so long as this subsidy continues and for decades afterward too. Now some people say that a lot of older people are dependent on high interest deposits and its not fair for them. But no positive change should be pursued without being kind to old people as a class because if we have to keep changing the rules all the time of course that will put old people in trouble.
The subsidy to these bankers is so full of largesse, abundant, an endless cornucopia that Vanguard-Black Rock ..... are buying everything. You will own nothing they will own everything. Its the new communism. We must get these people to eat it. Eat the debt the debt forgiveness, and force them to sell these stolen assets back at bargain basement prices.
If we can't take their stuff back we are the most pathetic cuckolds the world has yet seen. And whole or part, or interest only debt forgiveness is a great way to do this.
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