Tuesday, June 21, 2022

Student debt

The news is making a big deal out of Biden's proposal to offer a federal holiday on the gas tax. This is 18 cents per gallon and will make little difference to most people. Biden is also considering canceling student debt. The highest income households owe 60%of the student loan debt while the lowest 40% hold just 20% of the debt. What about students who did not take out loan but paid their own way. What about the young people who chose not to go to college. This will not be a popular idea.

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