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For those who don't understand debt forgiveness Anonymous Thu, Aug 25, 2022 00:53:19 No.51083517 [View]
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NORMAL SCENARIO
>student takes out loan from govt
>student makes regular payments to govt
>govt gets the loan back with interest

DEBT FORGIVENESS SCENARIO
>student takes out loan from govt
>student makes regular payments to govt
>govt forgives remaining debt, essentially taking a loss on student
>student is off the hook for future payments, gaining nothing materially

This is a shell game. Biden retroactively paid for a bunch of college kiddies' tuition, counting on future taxpayers to make up for the loss (Hint: IRS army). The real winners are democrat congressman who will keep their seats later this year.

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