Sanders to propose canceling entire $1.6T in US student loan debt

Re:Sanders to propose canceling entire $1.6T in US student l... by chrisco255 on Tuesday June 25, 2019 @11:42PM (#20281712)

AJ, letting people keep the money they earn can cause the economy to expand. It happened in the 80s, 90s, 00s, and it's happening now. Any engineer worth their salt should know that every choice comes with trade-offs. And finding the optimal mix of taxation, regulation, and free market capitalism is a difficult balancing act. If the economy stops growing, our huge debt becomes a huge problem. The only reason money is cheap is because the U.S. has a track record of growth. If that growth stops due to excessive regulation or taxation...money gets more expensive and long-term tax rolls go down...meanwhile debt stays static and the cost of servicing that debt consumes a higher portion of Federal tax revenues. Millions of people care about this stuff. Your arm chair observation proves nothing, says nothing.

There's no such thing as free money. It's beyond ignorant to say so.

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Re:Sanders to propose canceling entire $1.6T in US student l... by ajross on Wednesday June 26, 2019 @12:32PM (#20286555)

Citation. Needed.

That's just wrong. There's no meaningful economics behind the magic fairy dust notion that tax cuts cause growth. In fact where actual research has been done, the effect more often shows the opposite. Tax cuts go disproportionately into illiquid investment holdings, while spending end up in consumer pockets. Look. It. Up. Or, y'know, keep parroting what you hear on "business news" and FOX.

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Re:Sanders to propose canceling entire $1.6T in US student l... by creddit on Wednesday June 26, 2019 @05:23PM (#20289350)

Your level of discourse is not conducive to your points. You rant to get citations from others without providing any of your own (just telling people to look it up) and then you make unfounded assumptions about the behavior of those you converse with. If you want to get your point across, you’re rhetoric does you no favors.

Your economic arguments have so far been “debt is free and there’s no multiplier effect on tax cuts” which seems dumbfounding to anyone who studied economics. Tax cuts that aren’t associated with federal spending decreases are obviously going to increase spending. Also, if you really believe the US debt is free money, why have any taxes at all? Your arguments are incoherent, unspecified and full of ad hominema.

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