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kleinbl00  ·  1967 days ago  ·  link  ·    ·  parent  ·  post: Student Loan Debt is Crushing Millennials

Not gonna happen.

1) Student loan debt is held by millennials, by and large. They have no money, they have no houses, they have no earning income. Relieving their debt will not power consumption (so will say the old rich white people).

2) Student loan debt is 45% of federal government assets according to that first link. HALF the positive numbers on the balance sheet of the US government is student loans. One dollar out of two.

3) Let's look at the other side of the balance sheet:

So on the one hand, we've got people who are working who don't fucking vote. On the other hand we've got people who are ENTITLED to $122 trillion in pension and social security who vote every fucking time.

It's a good thing millennials are used to roommates and Uber. 'cuz they've got a future of roommates and Uber.