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A comment on Biden to Announce Decision on Student Loan Debt, Affecting Millions of Borrowers.

Re:Biden to Announce Decision on Student Loan Debt, Affectin... by WheelsAtLarge on Tuesday August 23, 2022 @11:14PM (#32574584)
This was a great idea previous to the COVID related $7+ trillion addition to the national debt. The national debt went from about $23 trillion to about $30 trillion in less than 3 years. Now we'll be adding more to it. If all the 45 million get a break then that's 45 mil * 10k = 1/2 trillion, about. It's nuts.

https://www.usdebtclock.org/

I'm all for it but the administration needs to figure out how to pay for it. Adding to the national debt will increase inflation, making things worse for everybody in the long run.

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Re:Biden to Announce Decision on Student Loan Debt, Affectin... by google234123 on Wednesday August 24, 2022 @04:18PM (#32585196)
Transferring 250b to a group will cause inflation to rise since they will increase their consumption and total output will likely not rise.

Inflation impact probably some fraction of a percent which Is 100 to 200$ for a home

[ Parent | on HN ]