• HappyHam@lemm.ee
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    1 year ago

    Here’s one thing I don’t understand: does loan cancellation consist of the government paying off the loan, or is it a legal nullification of somebody’s loan? If it’s the former, I get economic concerns. If it’s the latter, then I really don’t see arguments against loan cancellation as very credible.

    • moody@lemmings.world
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      1 year ago

      It’s cancellation of the loans. They’re government loans being forgiven, not private loans paid back by the government.