COVID-19 Outbreak (Update: More than 2.9M cases and 132,313 deaths in US)
I know they'll argue about how it's not fair to those that did pay loans, but the payments to all americans isn't fair either, for those of us still working and/or drawing a pay check.
I don't want to turn this thread into that discussion - but I agree. I know that the 10k figure means a lot more to someone carrying 20k in debt vs 200k in debt. But it would be something - it would be, at the very least, symbolic. It wouldn't actually cost the country that much and it would provide real relief to people who need it.
Our political leaders have no problem bailing out banks and corporations in the name of Economic Health, but when it comes to these borrowers and lower-, middle-, and working-class folk, that same sentiment doesn't apply.
And if this thing continues to drag on, we are really, really going to hurt.
This was an opportunity to send a message, put our proverbial money where our mouth is.
And in a lot of ways that would have made sense, we didn't. Because it wouldn't play well to some people. But we are always having to draw lines - and sometimes they just need drawing. We make these sorts of decisions all the time, in a number of ways.
This is - to me - where the faulty logic of "one size fits all" should also be invoked and employed.