The proposed debt cancellation of more than $400 billion would have been one of the most expensive executive actions in U.S. history and affects tens of millions of borrowers.
I’m not an economic expert, but I have a feeling that this decision will hasten in an already looming recession for our economy. There has been a lot of talk online about borrowers just not paying their outstanding debts. This was a really really poor choice by the supreme court.
I think it’s still fine to post national US news where it would be interesting for the international community to read. Edit: Whoops sorry, wrong comment to reply to.
I’m not an economic expert, but I have a feeling that this decision will hasten in an already looming recession for our economy. There has been a lot of talk online about borrowers just not paying their outstanding debts. This was a really really poor choice by the supreme court.
I think it’s still fine to post national US news where it would be interesting for the international community to read. Edit: Whoops sorry, wrong comment to reply to.