Tuesday, October 18, 2011
Educated Liberals Say Forgiveness of Student Loans Would Stimulate Economy
CNSNEWS A liberal activist group is circulating an online petition calling for forgiveness of student loan debt. That would do more to stimulate the economy than giving tax cuts to billionaires and big corporations, said MoveOn.org.
"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," the petition says.
The way supporters see it, forgiving student loan debt would boost consumer spending, business would start hiring, jobs would be created, and "a new era of innovation, entrepreneurship, and prosperity will be ushered in for all."
Of course you have to be a "educated liberal" to see this......