Un Fucking Believable.
Forgiving even $10K would help millions of low-income people, and Biden never promised more than that to begin with. It’d be NICE if he went higher but $10K isn’t nothing.
Forgiving even $10K would help millions of low-income people, and Biden never promised more than that to begin with. It’d be NICE if he went higher but $10K isn’t nothing.
https://twitter.com/micahuetricht/status/1342152386786320384
Oh. This is my shocked face. 
According to this, there’s a total of 42M Americans holding $1.6T in student debt, 92% of which is federal. So that’s $1.47T total for around 38.6M people.
$10K each would wipe out $387B in debt at once.
marketplace.org/2020/11/23/wou…
$10K each would wipe out $387B in debt at once.
marketplace.org/2020/11/23/wou…
Note: The point of forgiving a chunk of debt isn’t so much to be a nice guy as to stimulate the economy. The idea is that it’ll be nearly impossible to get more spending through Congress after 1/20 (especially if the $2K goes thru now), so this is a way to goose it on his own.
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