Cut the theft out of the SS fund, and you can lower the rate for everyone that pays in, and still fund the people that need that SS check.
The debt should be reset to zero for everyone, but that involves some problems. Folks that never had enough money to buy a house or car in the first place still have nothing since they don't own anything. Reduction and credits to those with out debts (property) would be a better option than a straight elimination of debt.
I agree, I like the idea of credits. Otherwise, people like me, who scrimp and save, eat cheap, no vacations, so I can pay cash for everything will be "punished" because I didn't go in debt, while watching people get cars, education, or houses "for free" once their debt is "forgiven". Would create a lot of resentment to see overspenders getting off free and clear.
Cut the theft out of the SS fund, and you can lower the rate for everyone that pays in, and still fund the people that need that SS check.
The debt should be reset to zero for everyone, but that involves some problems. Folks that never had enough money to buy a house or car in the first place still have nothing since they don't own anything. Reduction and credits to those with out debts (property) would be a better option than a straight elimination of debt.
I agree, I like the idea of credits. Otherwise, people like me, who scrimp and save, eat cheap, no vacations, so I can pay cash for everything will be "punished" because I didn't go in debt, while watching people get cars, education, or houses "for free" once their debt is "forgiven". Would create a lot of resentment to see overspenders getting off free and clear.