For anyone looking at "where does the money come from" on the miniscule #StudentDebt point shaving experiment... no money was created. The institutions were already paid. A government backed debt was simply no longer pursued for 10k. Nothing more than a ledger entry -10,000.
The Fed Government held the debt. However, we know your hero @POTUS made discharging student debt through bankruptcy impossible and he also made regular bankruptcy more challenging for people to discharge as well. That is very different than medical debt which can be discharged.
So what happens when folks come asking... demanding... #Reparations? Did folks learn about how Federal Finance works? Do they understand how to fight for their cause? How about National Improved Medicare for All? Did anyone actually address the funding mechanism so people get it?
It seems like the funding machanism should be thoroughly understood so that this shitty pittance of a 10K debt cancellation is a total waste and can help discharge the remaining massive debt burden still hung on the necks of MILLIONS of people guilty of pursuing an education.
Without a thorough understanding that the Federal Government is the currency issuer and therefore has the power to do anything whatsoever it has the ability to purchase in US Dollars and the available real resources are available for purchase. Either public purchase or private.
Far too long we skip this part and the main outcry other than fairness is people are concerned they are paying taxes to cover someone else's education. This simply isn't how it works. FEDERAL TAXES DO NOT FUND FEDERAL SPENDING. There is only public money. Never taxpayer dollars. 
Its always about real resources. The money is always freshly created every single time the government spends on a new program. Taxes are collected but never respent. Taxation purges reserves at the Fed. They are never respent. In fact, a reserve is created when a dollar is spent.
Remember this? It ls still very real. How many will go back to sleep and allow others to suffer?
Taxpayers NEVER fund the Federal Government. splinternews.com/the-dangerous-…
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