Wednesday, February 28, 2018

Richard Eskow — Picture the United States Without Student Debt

A new report from Bard College’s Levy Economics Institute concludes that this bold idea – cancelling all outstanding student debt – would help the entire economy and create more than a million jobs.
To those who say we can’t afford to cancel this debt, the report poses a new and different question: Can we afford not to?
Cancel and Grow
Using widely-accepted economic tools, the report’s authors – Scott Fullwiler, Stephanie Kelton, Catherine Ruetschlin, and Marshall Steinbaum – found that cancelling all student debt this country would create between 1.2 and 1.5 million new jobs. It would also increase the nation’s GDP by $86 billion to $108 billion per year over the next ten years....
Common Dreams
Picture the United States Without Student Debt
Richard Eskow

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