Wednesday, September 21, 2011

Forgive Student Loan Debt? What Say You?


While surfing around the other night, a petition floating out there in cyber space caught my interest:

Want a Real Economic Stimulus and Jobs Plan? Forgive Student Loan Debt!

"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 have to be honest --there's a part of me that this really appeals to (and not just the part that has unpaid student loan debt)...

The Left claims that all the tax breaks benefit THE RICH --and I feel that most entitlements reward people that have screwed up. Get pregnant at 14...get free college. Get addicted to heroin...get free methadone and then get free college. Don't have a job...get free food and free housing.

This could finally be a 'stimulus' that just rewards everyday folks. 'The Rich' have probably paid theirs off already and the poor probably went for free to begin with --so it's the middle class Joes that went to school but are now trying to raise their families that this would help...

You have to the end of the day to talk me out of signing...

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