Cancel Student Loan Debt to Stimulate the Economy
How many times have we heard education is the key to solving all of our problems? Read More...
Posted by Steven Scharf
Tue, 08/25/2009 - 4:27pm
Cancel Student Loan Debt to Stimulate the Economy
I came across this Facebook page today. I do not advocate the purpose of this movement.
226,283 people have signed on to the page.
Cancel Student Loan Debt to Stimulate the Economy
http://www.facebook.com/group.php?gid=46657437878&ref=nf
*******BREAKING NEWS********
City of Albany, NY passes resolution calling on Washington to consider student loan forgiveness as a means of economic stimulus!!!!!!!!!!!
http://thechoice.blogs.nytimes.com/2009/08/18/forgiveness-2/?hp&apage=1#...
***NEW***
Frequently Asked Questions (FAQs):
http://www.forgivestudentloandebt.com/content/frequently-asked-questions...
Now on the web at http://www.forgivestudentloandebt.com
Subscribe to my new blog: http://www.robertapplebaum.com
*** Current as of 8/18/09 ***
President Obama recently signed into law a $787 billion stimulus package on top of former President Bush's grossly mismanaged $700 billion TARP bailout from last September. A couple of months ago, the Federal Reserve basically printed an additional $1,000,000,000,000 to inject more funds into the monetary system which will undoubtedly have the effect of diminishing the purchasing power of the dollar. Since March of 2008, the government has paid out approximately $5.32 TRILLION in bailouts, handouts, loans and giveaways, with no end in sight as our leaders try anything and everything to try and get our spiraling economy under control. While some of what Washington has already done may act to stimulate the economy, much of the trillions of dollars already spent will, no doubt, turn out to be just money wasted.
There is a better way.
How many times have we heard from our leaders in Washington that education is the key to solving all of our underlying societal problems?
Forgiving student loan debt would have an IMMEDIATE stimulating effect on the economy. Responsible people who did nothing other than pursue a higher education would have hundreds, if not thousands of extra dollars per month to spend, fueling the economy NOW.
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