Bill Introduced Allowing Cancellation Of Over $1 TRILLION In Student Debt Through Bankruptcy

Bill Introduced Allowing Cancellation Of Over $1 Trillion In Student Debt Through Bankruptcy:

And since the government owns most of the student loans, it would basically be yet another taxpayers bailout for those who loaded up on debt and now are unable to repay it. Meanwhile, if massive amounts of debt were erased, it would be another bubble bursting, which would send the U.S. into a fresh round of economic instability.

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3 thoughts on “Bill Introduced Allowing Cancellation Of Over $1 TRILLION In Student Debt Through Bankruptcy

  1. Andrew Forrest gives away large part of his fortune in $400m donation.
    https://www.theguardian.com/australia-news/2017/may/22/andrew-forrest-fortune-huge-philanthropic-donation

    Turnbull said $75m would go towards coordinating world cancer institutes, $50m for building stronger communities, $75m for higher education and research, $75m towards “giving every child their best chance”, $50m towards creating equality of opportunity, and $75m towards removing modern slavery from human history.

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