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this post was submitted on 26 Mar 2025
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Asklemmy
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We have to remember that the people making these decisions have no idea what life is like for a poor person. The kinds of payments that would ruin my life and yours are nothing to them.
So, they think we have the ability to afford these payments because they’re damned fools. They don’t expect mass defaults.
I think they’re wrong about that.
I mean hell, it can't be helped. The colleges charged whatever because the government guaranteed the loans.
The banks approved the loans without any real credit check because the government guaranteed the loans.
People accepted the loans because they weren't counted against your credit rating and the repayment terms were incredibly flexible.
Now all that shit's out the window and hell's about to break loose.
This shit is getting very real.
It's worse than that, they actively despise anyone who isn't at least a millionaire.
They've been very blatant about that, and it reflects every single action they've taken since getting office.
They don't think about if people can or can't. They genuinely do not care. It's such a small amount to the people making the decisions that no further thought occurs.