terratogen wrote:
So if someone is near poor, I don't think this would work. If someone pulls in 50,000+, the loans might work better as they would have better means to be paid back.
I think that makes sense. A hybrid approach is probably best...
What might reduce the burden overall might be to pause some debts (like credit cards, loan payments, and other pay over time type debts) while someone is collecting unemployment insurance (they should pay these bills themselves, not taxpayers). This would likely reduce the burden of bankruptcy as well.
Good luck in getting that to happen after the recent hard ass bankruptcy bill.
