The New CS Board

[jumanji0881]

IMO: The government needs to stop bailing out people and institutions who make bad financial decisions. Because 1) It's not free money, it's taxpayer money and 2) It's not fair for those who are responsible to bail out those who are irresponsible.

Biden wants to bail out students with a $10K student debt write-off. (Total student debt is now $1.7Trillion). I saw an interview on the news this evening in which a person was arguing for the bailout said some of these borrowers never finished college for which the loans were granted. It's similar to the government bailing out home buyers (who bought homes at a very bad time to buy) with special programs after the Housing bubble burst in 2008. People who make bad financial decisions need to suffer the consequences and so do the institutions that made the loans.