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Jeff Mockensturm's avatar

If these debtors believe their debts have been "forgiven" they are sadly mistaken. In this country, poor and middle class people don't pay income taxes - effectively zero. It's paid by the higher earners in the upper two quintiles. Mainly college graduates. They'll be paying back their student loans on the installment plan for the rest of their lives. Every April. Also the immediate, short term effect of Joe "forgiving" this debt will be inflation. Everybody pays that tax. Most especially the poor.

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Lori Stephenson's avatar

It is amazing the thought and foresight our forefathers put into forming our government. They are probably rolling in their graves right now!

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