Over the past few years, Americans have seen so many people, companies and entire industries bailed out, that naturally, they start wondering when they get “their bailout”, as if the multiple handouts the administration has doled out aren’t enough (a record 47 Million Americans on Food Stamps, unprecedented 99 weeks of unemployment, years of a payroll tax break, Obama phones and too many other government assistance programs to list). So, with a headline grabbing $1 Trillion in US Student Debt, you can be sure that this will be the new bailout topic.
Reasons People Expect a Student Loan Bailout
- Student Loan Debt Hurts the Economy – With recent college grads unable to find the jobs they anticipated and using what little money they earn to pay down student debt, this suppresses everything from new home formation to consumer spending, which in turn suppresses overall economic growth in the country.
- Corporations Were Bailed Out…..
…Continue Reading What a Student Loan Bailout Looks Like.