My apologies if this belongs in another forum. MoveOn.org is pushing this site: http://signon.org/sign/want-a-real-e...fb&r_by=548797
It is to forgive all student debt as a means of economic stimulus. I have seen CNBC Analysts promote the same thing from time to time but I do not see how this addresses our financial crisis. Sure people will not have to put money towards debt, but it does not necessarily follow that they will be employed in order to spend and even with that being said, spending and consumption does not create wealth. If they were to save and invest their money it may be another story.
But what does everyone think?
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