Saturday, December 5, 2020

Payoff debt

Senators Warren and Sanders have suggested the if the government would pay off student loans this would stimulate economic growth and I agree. However! We are constantly told that going to college means a higher life time income and I agree. Therefore! How about paying off private debt for people who never went to college, things like credit cards and car loans. That too would stimulate the economy but it would help lower educated, lower income people who will not get the future pay increases that the students will get. These are the people who witnessed their good paying manufacturing jobs disappear while they were working hard to put their kids through college. Doesn't that sound more equitable.

No comments:

Post a Comment