We Must Cancel Everyone’s Student Debt, for the Economy’s Sake

Re:We Must Cancel Everyone’s Student Debt, for the Economy’s... by tptacek on Saturday February 10, 2018 @11:01AM (#16347833)

Gotcha. How many people would a 50% military cut put out of work?

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Re:We Must Cancel Everyone’s Student Debt, for the Economy’s... by toomuchtodo on Saturday February 10, 2018 @11:04AM (#16347848)

That’s a great question, but out of scope for modeling a financial solution to student loan and pension obligations.

We’ll need a way to retask redundant military employees and defense contractors, otherwise we’re trading one inefficiency for the other.

If halving military spending is a hill too far, less reduction can occur and still accomplish a student loan and pension obligation debt “wipe” (~$1.5T in total is needed).

Somewhat unrelated: rolling VA spending into Medicare and implementing universal healthcare would extract enormous cost savings, further reducing DoD spending.

Appreciate you asking me to show my work. I think I’m going to run for office now.

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