<story><title>U.S. forgives 40k student loans</title><url>https://www.reuters.com/world/us/us-forgives-40000-student-loans-provides-aid-millions-more-2022-04-19/</url></story><parent_chain><item><author>theandrewbailey</author><text>If we&amp;#x27;re going to be forgiving loans, we shouldn&amp;#x27;t be giving them out in the first place. Otherwise, we&amp;#x27;re going to be in the same spot in one generation&amp;#x27;s time.</text></item></parent_chain><comment><author>mc32</author><text>Just stop guaranteeing them, let students default on them.  All these guaranteed loans that can&amp;#x27;t be discharged allows academic institutions to ratchet up the price.  Let them calculate risk and price them accordingly.</text></comment>
<story><title>U.S. forgives 40k student loans</title><url>https://www.reuters.com/world/us/us-forgives-40000-student-loans-provides-aid-millions-more-2022-04-19/</url></story><parent_chain><item><author>theandrewbailey</author><text>If we&amp;#x27;re going to be forgiving loans, we shouldn&amp;#x27;t be giving them out in the first place. Otherwise, we&amp;#x27;re going to be in the same spot in one generation&amp;#x27;s time.</text></item></parent_chain><comment><author>AtlasBarfed</author><text>Are you complaining about the massive amount of not-really-loans given to small and not small during COVID?&lt;p&gt;Right? You&amp;#x27;re vociferously complaining about that frequent game played by corporations with outsized lobbying abilities to get loans that aren&amp;#x27;t really ever expected to be paid? How much was that in the grand scheme of printing money by the fed, a billion?&lt;p&gt;Or are you angry about little poor people getting a pittance of money in the grand scheme of things?&lt;p&gt;It is so strange how much people shrug off corporate handouts, but get up in arms when poor folks get a pittance from the government.&lt;p&gt;Edit: my tone was a bit harsh, probably because I get this knee jerk reaction.&lt;p&gt;It&amp;#x27;s probably because corporations are like gods. You can&amp;#x27;t kill them. They are omnipresent. With data hoovering, they are some form of omniscient. They are tireless, sleepless, don&amp;#x27;t require air, water, or food. The modern way to kill a corporation is probably so serpentine that it puts the best D&amp;amp;D plot to kill a god to shame. They don&amp;#x27;t technically have a physical body. They have servants, followers, a clergy, and power. They can cast &amp;quot;summon army of retainer lawyers&amp;quot; and send you to hell.&lt;p&gt;Who are we to question if the god of money hands the god of cars magic printed-but-never-actually-printed numbers that aren&amp;#x27;t based in something?</text></comment>