My great grandfather was a door to door phone salesman for AT&T who went into foreclosure in the Great Depression and was banned from owning property because anything they owned would be seized. After WWII in Philadelphia there was an effort to literally ‘clear the books’ and get rid of old foreclosures. He went to city hall and they literally crossed his name off the list in front of him. That saved his and now my family. Public investment is a necessary and valuable part of creating a strong economy. The economic value that my great grandfather, then my grandfather, then my mom, and now me, have provided are far far beyond the cost of wiping out that $10,000 in debt in 1945. Cancelling student loan debt is an investment in the economy and I will not be convinced otherwise
My great grandfather was a door to door phone salesman for AT&T who went into foreclosure in the Great Depression and was banned from owning property because anything they owned would be seized. After WWII in Philadelphia there was an effort to literally ‘clear the books’ and get rid of old foreclosures. He went to city hall and they literally crossed his name off the list in front of him. That saved his and now my family. Public investment is a necessary and valuable part of creating a strong economy. The economic value that my great grandfather, then my grandfather, then my mom, and now me, have provided are far far beyond the cost of wiping out that $10,000 in debt in 1945. Cancelling student loan debt is an investment in the economy and I will not be convinced otherwise
Hilarious to see people cry communism like dude, these were common policies in the US for the majority of the 20th century. We used public works to employ people in the 1930-40s, we provided enormous public subsidies for housing (GI bill). They built the economy we have today but if anyone tried to enact those same policies now they would be called communist
@LukeMiani We bail out entire industries when it is in the interest of the economy, and then those industries go on to reap record profits without passing much of that value on to consumers or employees. It's only when the benefits go directly to individuals that the nation freaks out?
@LukeMiani All the people against this get upset when we send aid money to other countries. "Help Americans first!" Biden: helps Americans student debt "NO NOT LIKE THAT!"
@LukeMiani Why should I be forced to pay for other people's debt when I am already in debt?
@LukeMiani So your reason is that your family can go bankrupt because other families will bail it out? What a twisted way of thinking. You should go back to Soviet Russia.