Comments by "gary K" (@garyK.45ACP) on "Nancy Pelosi says Joe Biden can't cancel student loan debt | REACTION | 'American Agenda'" video.

  1. Debt can't be "cancelled" by ANYONE, ever. The debts are just passed on to someone else. Employees, shareholders, taxpayers, consumers. Who do you think pays for bankruptcies? For credit card "write offs"? Mortgage foreclosures? One problem with our system is we privatize profits and socialize losses. This is easy to fix. 1. STOP federal student loans.' Giving 6 figure loans to 17 year olds with no job is STUPID. Asking taxpayers to underwrite STUPIDITY should be illegal. 2. Colleges, Universities and other educational institutions (nursing schools, trick driving schools, etc.) should be the ones offering loans, making the profit from the interest on those loans OR underwriting the losses. If automakers and Home Depot can offer financing for their products and services without taxpayer involvement, why can't colleges and universities?
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  2. Nancy hasn't been clued in. She must be really losing it! Here's the deal... Of course the President cannot cancel student loans. Of course it would take legislation (which has NO CHANCE of being passed) BUT Biden could sign an executive order and "cancel" student loans to recover the popularity of Democrats with the 18-24 year olds (who have the lowest turnout percentage) for the UPCOMING ELECTION!!!!!! It will need to be carefully timed. This is a very likely "October Surprise" It's about buying votes! Nothing else. N O T H I N G else!!!!!! A federal court would eventually strike down the order and reinstate the loans, AFTER the election. (just like they did with mask mandates, foreclosure/eviction moratorium, vaccine mandates) The order would be struck down by a Trump appointed federal judge OR the SCOTUS with three Trump appointed Justices and Biden would say, wait for it....It's Trump's fault.
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