this post was submitted on 18 Mar 2025
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A Boring Dystopia

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[–] LovableSidekick@lemmy.world 1 points 1 day ago

Thanks for the details - it sounds like you're saying reduced payments under IDR are basically partial payments, which I assume would be applied only to the interest, thus making the debt last forever. Sounds like a plan bankers would come up with to create perpetual interest revenue. SAVE makes a lot more sense in terms of actually helping people - so no wonder Bonespurs & Company would block it. Can't have Big Gubmint interfering with the freedom to indenture people.