@rbreich a loan has a borrower and a lender. On student loans, for example, who holds the note--to whom is this money owed? Not all of these loans came from federal govt coffers. Some investors are owed. When student loans are forgiven, does that mean the federal govt pays off the balance to the noteholder? Or does the note disappear unpaid? I am not criticizing loan forgiveness. I am simply trying to understand the other (non-borrower) side.
@rbreich Even poor white Republicans identify themselves as being part of the “in-group,” and assume that anything that benefits the wealthy somehow benefits them too. But they’ll immediately characterize anyone in the “out-group” who might catch a break as a lazy, unworthy villain. The person whose student debt might be forgiven is cast as the flaky “lesbian dance major.” Before that, the poor were “welfare queens.”