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 with which 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 rise that tide in a MUCH shorter time-frame. The future economic success of this country is wholly dependent upon a well-educated, prosperous middle class. Instead of saddling entire generations with debt from which there is no escape, let’s empower the American people to grow this economy on their own!
Therefore, we, the undersigned, strongly encourage Congress and the President to support H. Res 365, introduced by Rep. Hansen Clarke (D-MI), seeking student loan forgiveness as a means of economic stimulus.
I highly recommend everyone to reblog this and sign on! I have invested a lot of money in my education, and I happy for it… Education should not be something only the rich can afford. I did not have parents who could afford to pay for any of my education. So I have good amount of loan debt, but I choosing to help other instead of just make money….so it might be a long while before my loans are paid off. Or maybe the world will change, and helping others will become a high paying job.
-adventures in learning
I’ve been on board with this for literally just over a year (proof; check the date).
I believe there is more student debt in America than credit card debt…it is the next bubble about to burst