Erasing student-loan debt could create a"moral hazard" that would weaken the effect of any economic stimulus, Moody's Investors Service said in a recent report. Outstanding student-loan debt is $1.5 trillion, equal to 6.9% of US gross domestic product. Canceling student-loan debt could hurt the US government because it collects revenue on student loan payments, the report said.
Erasing student-loan debt could create a"moral hazard" that would weaken the effect of any economic stimulus, Moody's Investors Service said in a recent report. Outstanding student-loan debt is $1.5 trillion, equal to 6.9% of US gross domestic product. Canceling student-loan debt could hurt the US government because it collects revenue on student loan payments, the report said.
Like the same moral hazard that stopped the 2009 Wall Street bailout? Oh ... wait
Moral hazard? You mean like when when banks got bailed out in 2009? Human beings run banks, right? But they weren’t held accountable but home owners were. Where was your concern for moral hazard?
You mean like the moral hazard of hedge-funds and banks inflating the housing market in 2008? Costing how many trillions? That kind of moral hazard? We already crossed that line years ago
I think they should cancel my mortgage. That would have an even bigger impact on the economy.
Moody’s, the rating agency for the holders of this non-dischargable debt, would not be biased in this assessment, would they? What did they say about the TaxScam? One trillion dollars infused into the young middle class of the economy would have “limited positive impact”?!
Tuition reform is an issue that should be addressed.
This is a lie. The truth is that it will close the gap between the by a very high %. This will create more jobs especially start ups. Young ones won't have to spend all their lives paying rather they'll find it easier to invest. It's going to create a lot of more focus youths
2008
I think I could have gone to a better school if I had known I didn’t have to pay it back
Moody’s talking moral hazards is like Trump talking about healthy living. Moody’s should just STFU and take a seat. 🖕🏽
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Student debt should not be canceled.
The same moral hazard in countries where higher education is tuition-free? What moral hazard is that?
Moody's is worried about moral hazard?🤔😂😂😂😂😂😋😁😁😁😁. Where were they in 2008?
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