Department of education says more than 5 million already defaulted, an additional 4 million in “late-stage delinquency”.
“Borrowers will now be expected to repay their loans, and those who don’t will face involuntary collections,” White House press secretary Karoline Leavitt told reporters Tuesday. “The government can and will collect federal student loan debt by withholding money from borrowers, tax refunds, federal pensions and even their wages.
I swear to God this is the missing piece in all of the analysis that tries to explain the current predicament. We’re ruled by a cadre of magicians’ nephews who never got told how the tricks work and think that the assistant actually gets sawed in half. And here comes AI in the latest hour: the mechanical turk of the 21st century
Shit fucking rules