I have TWO friends in their mid-40s who are still paying off their student loans – halfway through their lives. America needs to invest in education. Forgiving student loan debt would have an immediate and profound effect on the economy.
Forgiving the student loan debt of all Americans will have an immediate stimulative effect on our economy. With the stroke of the President's pen, millions of Americans would suddenly have hundreds, or in some cases, thousands of extra dollars in their pockets each and every month to spend on ailing sectors of the economy.
As consumer spending increases, businesses will begin to hire, jobs will be created, and a new era of innovation, entrepreneurship, and prosperity will be ushered in for all. A rising tide does, in fact, lift all boats—forgiving student loan debt, rather than tax cuts for corporations, millionaires and billionaires, has a MUCH greater chance of helping to raise that tide in a MUCH shorter time-frame.
Want a Real Economic Stimulus and Jobs Plan? Forgive Student Loan Debt!
I just signed a petition to The United States House of Representatives, The United States Senate and President Barack Obama: Forgiving the student loan debt of all Americans will have an immediate sti…
Google+: View post on Google+