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A comment on Taxing Mechanical Engineers and Subsidizing Drama Majors. Parent comment

Re:Taxing Mechanical Engineers and Subsidizing Drama Majors by hashmap on Monday September 19, 2022 @09:54PM (#32906701)
> My that measure, my bank shouldn't mind if I don't pay my mortgage. After all, new money isn't being spent.

That's silliness. Your bank is not going to forgive your debt, so that will not pan out for you. Biden is forgiving the $10,000 in loans, so that will pan out for the recipients.

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Re:Taxing Mechanical Engineers and Subsidizing Drama Majors by s1artibartfast on Tuesday September 20, 2022 @01:06AM (#32907873)
But certainly if it is no cost to the federal budget, it should be no cost to my banks budget. Why don't they simply forgive me loan. After all, no money is changing hands, so it is of no cost to them?
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