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Want A Real Economic Stimulus And Jobs Plan? Forgive Student Loan Debt!

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http://signon.org/sign/want-a-real-economic?source=mo&id=31019-8171300-jhbWv9x

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 love how they've wrote this as if all Americans have student debts and therefore all will benefit.

I doubt that this type of debt forgiveness would work, it would have to be for everyone and have a total debt jubilee. There is no pain free exit from this mess.

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Likely if they were to give all the bail out money back to sovereign nations and back to taxpayers and allow the bankrupt banks to go bankrupt it would have an even greater economic stimulus. Likely the students wouldn't need such loans then.

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At this point we need all the debt jubilees possible.

You could be the best Austrian economist believing, skilled tradesman.. but if everyone where you live is flat broke and crushed under unpayable debts.. you also are broke.

A plan I like more than Jubilees however is just to give everyone £100,000 pounds. And insist that it first be used to pay down any debts they have outstanding. This way debtors get their jubilee. But savers get the same benefit.

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At this point we need all the debt jubilees possible.

You could be the best Austrian economist believing, skilled tradesman.. but if everyone where you live is flat broke and crushed under unpayable debts.. you also are broke.

A plan I like more than Jubilees however is just to give everyone £100,000 pounds. And insist that it first be used to pay down any debts they have outstanding. This way debtors get their jubilee. But savers get the same benefit.

The Australian government sent all taypayers a cheque a few years ago as stimulus.

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  • 343 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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