Insight - Dec. 29th, 2020
Insight • 30-Dec-2020
43-million Americans have student loan debt. Today on Insight, John and Josh Rosenstern discuss how there is more student loan debt among Americans than credit card debt. It totals over 1.7 trillion dollars. That is a 102-percent jump in outstanding student loan debt over the last ten years; per person, the debt averages just over 36-thousand dollars. The Rosenstern’s say, under a Joe Biden administration, plans are to eliminate some ten to fifty thousand dollars worth of each person’s student loan debt. This means, it becomes a taxpayer subsidized benefit, and that means the debt will be redistributed. It’s a socializing of debt. Brother John warns of future taxation on the people; the money has to come from somewhere, nothing is truly free.
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