Quote:
Originally Posted by elysiantraveller
.......It's not...
Go over to the US debt clock. You'll see $1.77T in student loan debt. That debt is already on the books. You as a taxpayer are already servicing it. The $395B number is already included in that. Nothing changes for you.
When Trump cut taxes running a $1T a year deficit you didn't say it cost you $6,329...
|
I went over to the US Debt Clock per your recommendation. Interesting site. The student loan debt is NOT included in the $30 trillion national debt. That debt is personal debt, as is credit card debt, mortgages, etc. The taxpayer is not "servicing the debt" but we soon will be when the debt is "forgiven". Personal debt can become national debt if and when the government is required to make good on the guarantee of a debt.
