However this just compounds the issue at hand. Policies like these disincentivize borrowers from paying off their loans. Why should I actively work on paying down my debt when instead I can just wait until the government slowly chips away at my balance when they need votes again?
Not to mention between me and my wife we are going to make around 200k this year in the midwest and yet I will be getting welfare from the US government.
I agree with most of what Biden passes however this neither solves the issue nor incentivizes future payback. Half-measures like this do nothing.
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