I know, but I'm talking about folks who can afford to put away, aren't going to go out and spend as they (the government) would hope.
I mean..there's plenty of options - you could disallow people who make above X income levels (or otherwise come up with qualifiers/disqualifications) then, and/or you ignore the massive 'where's MY handout' whining and just give it to everyone.
Even if some people make a bit extra, it's better than a payroll taxcut which mainly helps the employers, and even then is not guaranteed to get more money to the average employee - not to mention it does nothing for those already unemployed.
I know what it would mean.
I think it would be worth it as it would absolutely juice the economy after this blows over. I can't verify that with data though, so I'm up for being wrong. However, I think this is the time to do it.
I don't disagree (and would take my loans being forgiven in a heart beat, I'd start saving towards a house or a new(er) car), but I think that using this as the opportunity comes at a really high risk if we don't also have a plan to stop the debt from just re-accumulating in the future.
And the 'where's MY handout' people would be absolutely SCREAMING in frothing rage.
If the dems had full control I could maaaaaaaaaaaybe see it, but the repubs? No chance in hell.
I agree in that some kind of 'big' measure will be needed to re-start the economy after things 'start' going back to normal though, and this....might do it.
IMO a lot of millenials are so scared by having to be paycheck to paycheck that they wouldn't 'immediately' go sign up for big-budget purchases.
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