vividraven79 said:So, basically, someone made a conscious choice to borrow money they didn't have, and now we're supposed to give them a two-year interest-free loan to fix it? If that's the case, I guess the rest of us who actually stay in the black are the idiots.
Man, it feels like this country does nothing but protect debtors. First, it was the people who were "smart" enough to take out foreign currency loans they didn't understand—because why bother with a 6% USD loan when you can play games with a 4% Swiss Franc loan?—and then there were all those debt forgiveness programs, and now we're looking at interest-free loans for borrowed money?
The government isn't protecting small debtors. If anything, they’ve been exploiting them during this two-year stretch of instability. If these people hadn't fallen into the red, how much less sales tax would be collected? How much less commerce would actually be moving? Now that the summer travel season has wrapped up—performing better than expected, mind you—they can finally turn their attention back to this issue, acting as if they were completely oblivious all along. The big players always have a safety net. Meanwhile, they’re bleeding the small savers dry. They preach about inflation being "temporary" just to justify keeping interest rates near zero. The wealthy are hedged with real estate and stocks. In short, whether you're in debt or trying to save, the little guy is the only one getting squeezed.