Government Spending

  • 11.12.14

    How the U.S. Government Could End the Student Debt Crisis Today

    This article from Yes! magazine looks at student loans in the United States from a different perspective. Student loans are an increasingly large issue in the United States "In the United States, student loan debt has passed the $1 trillion mark. The burden is now becoming increasingly heavy for middle-class and ...

    This article from Yes! magazine looks at student loans in the United States from a different perspective. 

    Student loans are an increasingly large issue in the United States "In the United States, student loan debt has passed the $1 trillion mark. The burden is now becoming increasingly heavy for middle-class and wealthy students, but especially for those from lower-income backgrounds." This article argues that it does not have to be.

    "At a basic level, the U.S. federal government doesn’t need to scrimp and save to fully fund higher education. It can just spend money rather than lend it, without incurring any significant negative economic consequences."

    This concept stems from an economic theory: "Many economists known as “deficit owls ” have argued for decades that the U.S. federal government doesn’t need tax revenues or bond payments in order to spend money on education or anything else. Rather, the true limits to federal spending are the availability of real resources and the stability of prices."