this post was submitted on 27 Oct 2024
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United States | News & Politics

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Bailouts (lemmy.ml)
submitted 3 weeks ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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[–] davel@lemmy.ml 11 points 3 weeks ago* (last edited 3 weeks ago) (1 children)

The US government created that money out of thin air to pay for that education. It doesn’t even need it back. The people who really want the loans to remain intact are the private loan servicers, who the government creates money out of thin air to pay for the critical role of being a middle-man between you and your government.

[–] yogthos@lemmy.ml 7 points 3 weeks ago

exactly