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No matter who - from Oval to Dog Catcher.
ReplyDeleteNo doubt, the C9onservatives will use the loan forgiveness to tout that Liberals are adding to the national debt. They will laugh and admit it just like Trump did with lowering the corporate tax rate, no doubt. Telling the real part of the Trump tax cuts, which THEY fully backed.
ReplyDeleteKEY differences will be that the student loan forgiveness comes with qualifiers and the Tax Cuts did not. Which means the total amount CAN be lower, as the Tax Cuts were open-ended and unlimited.
Conservatives will also tout that the Tax Cuts could allow corps to re-invest the difference back into their company, theoretically. We know that most of those savings most probably went into increased gross profits, which means "into the pockets of board members", not specifically into the pockets of their investors. The loan forgiveness will go directly into the pockets of younger people who will further contribute to the economy over their lifetime as THEY will ultimately have more money to spend. Which puts more money in circulation (among the masses) and INVESTS in the USA ECONOMY in one broad stroke.
Cdadbr - You got all of that right!
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