1. The Federal government should not be in the business of giving out home loans or student loans.
2. People & corporations should all be allowed to go into bankruptcy & expunge all debts so they can have a new start in life.
People who give out loans should know that losing money is a possibility that is part of the business. If they think they won't get paid back, they shouldn't loan out the money to start with. We're going to end up with communism if we don't do this.
2. People & corporations should all be allowed to go into bankruptcy & expunge all debts so they can have a new start in life.
People who give out loans should know that losing money is a possibility that is part of the business. If they think they won't get paid back, they shouldn't loan out the money to start with. We're going to end up with communism if we don't do this.
Follow
@ArmchairEconomist01 100% like people business should be accountable to fail, it’s called learning and growing. Having someone to always bail you out of everything doesn’t allow growth and is a parasitic relationship. Communism is the ultimate parasitic relationship with everyone having to suckle at the teat of the government.
@TenaciousGoat Agreed
