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User Info Student Loan 'Forgiveness'?; entered at 2022-04-30 20:39:08
Bluto
Posts: 3201
Registered: 2021-07-10 FEMA Region 4
I think the Brandon regime has backed themselves into a corner.

If there is any debt relief, I expect it will be limited to $10K or so. Hardly enough to pay off the $80K in debt that was incurred "earning" a degree in "Womyn's Studies under the Unequitable Patriarchy"

So I'm not sure how many votes this will net the Dems. And for every one person who is in debt, there are several others, perhaps even 10 more, who paid their college debts. I don't think they will take too kindly for being a sucker.

Also, the bigger the amount of debt relief means a bigger deficit, which means more inflation, which means more anticipated rate hikes, which means a lower stock market. This could be the straw that breaks the back of the stock market.

So could not only Brandon crash the market before the midterms (although personally I think this will happen anyway), he could also piss off everyone who paid their debts, and he could even piss off entitled voters who thought he should have paid off 100% of their debt. Let's Go Brandon!
2022-04-30 20:39:08