Deficit hawks have been attacking the idea of student debt relief using straw men and deceptive data. The offenders include the Brookings Institution, Goldman Sachs, and the Pete Petersonspawned Committee for a Responsible Federal Budget.
Here are their key arguments: First, a lot of student debt is held by relatively well-off people and those with advanced degrees, and so student debt relief is bad distributively. Second, the macroeconomic stimulus would be weak compared to other possible uses of the money.
But its easy to target the relief away from the affluent and toward people who really need itby capping the amount of the relief.
Even the Committee for a Responsible Federal Budgetthe ultimate deficit hawksadmits that about half o…
Read the full article at: https://prospect.org/blogs/tap/the-bogus-arguments-against-student-debt-relief/