@gungasnake,
gungasnake wrote:
Slavery is supposed to be illegal in the United States. Particularly in the case of student loans, something has to happen here but I don't see limiting the something to student loans. What I would suggest is that Joe the Gangster's stupid law be rescinded or modified so that anybody can eliminate debt via bankruptcy after paying the original amount of a loan and that somewhere around 1.5 times the original amount of a loan, the loan is considered paid.
Bankers should be made to understand that the United States is a Christian nation and that their compound interest bullshit is allowed here only within civilized limits.
Sort of like drug traffickers should be made to understand the same thing and stop using drugs as a way to move money around and manipulate people into funding them by means of addiction-based torture.
Do you realize that if the Dems succeed in cancelling student loan debt, many people will just spend the extra money on more drugs and other waste? There is a small chance the economy will reform some of its ingrained bad/wasteful habits as a result of this quarantining and social distancing; but if it doesn't, student loan forgiveness is just going to stoke the fire of unsustainable industrial consumerism.
The economy is programmed to waste resources as part of its profit-machinery, so loan forgiveness or anything else that boosts consumer spending only contributes to unsustainable economic practices.
As I said, there is a chance the quarantining/social-distancing will result in more efficient transportation of people and goods, which if it continues after the virus threat is under control, could give the economy a boost in the direction of sustainability reform; but if not, we will just be back to the problem of economic activity causing unsustainability, like we have been since, what, the 1960s? 1920s?