Biden Will Try Again to Wipe Out Student Loan Debt for Millions of Borrowers

jeffw@lemmy.worldmod to News@lemmy.world – 703 points –
Biden Will Try Again to Wipe Out Student Loan Debt for Millions of Borrowers
nytimes.com
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What requirements though?

And the government doesn’t control monetary policy, so can you expand on that too?

There are probably 1000 different requirements for each small town and then add the state and national ones to that. The requirements will be things like getting an engineering report if you remove more than 10 yards of dirt, or add a roof element that makes the house look good.

The government does control the supply of money via the Federal Reserve. If you are interested I can tell you how it directly makes the rich richer and takes the wealth of the middle class and poor.

The fed is independent. If you’d like, I can give you a primer on how that works

Let me get this straight, the US controls and funds all kinds of governments around the world but they wouldnt control the fed? "But its a private company!!!" Sure it is, its totally not completely controlled by the government...

It’s not and they have proven as much every single election cycle by not giving into political pressure.

Thats funny because both sides are EXACTLY THE SAME with regards to the fed, and its robbing from the poor and middle class. Literally only a couple people in the two main parties even say anything about how bad the fed is. If you dont know anything about a subject, it would be best to learn about it, but at least dont argue like you know about it.

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waaaaaaa regulation makes stuff more expensive to do, get rid of it so we can make money at the expense of the ppooooooooorrrrrrssss

Classic conservative

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