Elizabeth Warren's plan to forgive student-loan debt is costly, but it could actually pour money into the US economy

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A study published in 2018 examined what would happen if the United States forgave student-loan debt.

Warren also shared, which found that the plan would have"a substantial impact on student debt forgiveness and would greatly benefit households with the least ability to repay" and those for whom higher education was not a major benefit, as well as help lessen the racial wealth gap.

Bivens said that the overall effect, however, would depend on employment numbers and whether the Federal Reserve raises interest rates in response to more spending.

 

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What about those who graduated and did the right thing by paying all of their college loans back....do they get a refund?

More leftist propaganda! Who pays you...oh wait I know ..the slave master JeffBezos

I want my free money for the tuition I paid

🙄

She has no clue, as any other democrat

Or it is fundamentally and morally not right, and perpetuates the cycle of people thinking college is necessary for everyone to succeed. Consequently, prices will continue to rise and will not be sustainable to be paid for. dumbasrocks

So is lowering taxes.

Here's an idea, the economy is booming, get a job and pay off your own debt.

We've heard this type of backward thinking pseudo logic from Democrats for decades. This stuff NEVER works. Even worse, it creates multiple unintended negative consequences, while further eroding a sense of personal responsibility in our culture.

So you rip Trump for the tax cuts, but wth are you doing? He used that same line too, “it will pour into the US economy.” Dumping money into an economy without injecting it in the right areas, like productivity, will ONLY CREATE A BUMP IN SPENDING! That’s not sustainable

I thought the Democrats solved the student loan debt problem in 2010. What, it got worse? More government involvement will no doubt help.

So statistically lower-paid taxpayers without college degrees will be bailing out people *with* degrees who make more. That seems fair.

Lol nice try

I keep saying this. Forgiving student loan debt is costly initially but great for the economy. Student loan debt is giving money to the top 1% & handcuffing entire generations of educated Americans. I say forgive student loan debt to those who make 475k annually. SenWarren

Yeah the Government can transfer private debt into public debt. Sounds great..

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