I will immediately end the Federal backing of student loans by asking Congress to make all current loans interest-free, while simultaneously ending all future government-guaranteed loans.
I would then make the discharge of interest revenue neutral by requiring the Department of Defense to cut costs by closing overseas bases and installations and bringing our troops home, instead of engaging in expensive nation-building and peacekeeping missions abroad. It is only right that the DoD bear part of the cost, as mounting debt is as big a threat to our security as any foreign enemy,
Finally, I would allow students to stabilize their financial situations by allowing student loan debt to be dischargeable in bankruptcy just like any other loan. I want a well-educated populace that can compete with the minds of any other nation, but not at the cost of our nation’s financial and retirement security.
I mean, I agree with the second one (and massive cuts to the DoD and the staggering amount of wastr there; not so much the focus on foreign bases), but I hope there’s a LOT more stuff than that.
Yes.
I mean, I agree with the second one (and massive cuts to the DoD and the staggering amount of wastr there; not so much the focus on foreign bases), but I hope there’s a LOT more stuff than that.