Comments on: Do you think that student debt should be forgiven as a way to stimulate the economy? http://www.student--creditcards.com/2009/07/do-you-think-that-student-debt-should-be-forgiven-as-a-way-to-stimulate-the-economy/ Helping students pick a credit card Mon, 31 May 2010 22:33:45 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Maggie http://www.student--creditcards.com/2009/07/do-you-think-that-student-debt-should-be-forgiven-as-a-way-to-stimulate-the-economy/comment-page-1/#comment-310 Maggie Thu, 30 Jul 2009 11:48:16 +0000 http://www.student--creditcards.com/2009/07/do-you-think-that-student-debt-should-be-forgiven-as-a-way-to-stimulate-the-economy/#comment-310 This group is hardly going to get the economy going if it's student loan debt is released! So no, the only road to recovery is to get the construction industry going again with so much money tied up in the housing market and the UK's largest employer (10% of the working population) and biggest client (60% of the total UK spend o construction) losing jobs hand over fist, that's the best bet for reviving the economy. This group is hardly going to get the economy going if it’s student loan debt is released!

So no, the only road to recovery is to get the construction industry going again with so much money tied up in the housing market and the UK’s largest employer (10% of the working population) and biggest client (60% of the total UK spend o construction) losing jobs hand over fist, that’s the best bet for reviving the economy.

]]> By: Steve D http://www.student--creditcards.com/2009/07/do-you-think-that-student-debt-should-be-forgiven-as-a-way-to-stimulate-the-economy/comment-page-1/#comment-309 Steve D Mon, 27 Jul 2009 17:58:05 +0000 http://www.student--creditcards.com/2009/07/do-you-think-that-student-debt-should-be-forgiven-as-a-way-to-stimulate-the-economy/#comment-309 That student debt would have to be wiped off the books of the banks, resulting in a loss - with the same effect as the mortgage bubble - a restriction of credit going forward and a reluctance on the part of banks to lend to the next generation. Also, the value of a college education greatly exceeds, in most cases, the value of the loans being paid off - thus you would have people double dipping - taking advantage of the loan program to increase the value of their human resources and then taking advantage of a short-term, and probably ineffective, program to wipe out a debt. You could stimulate the economy more by wiping out mortgage debt or giving cars away (I would think that free cars would stimulate the auto economy), but I certainly don't see anyone advocating that. That student debt would have to be wiped off the books of the banks, resulting in a loss – with the same effect as the mortgage bubble – a restriction of credit going forward and a reluctance on the part of banks to lend to the next generation.

Also, the value of a college education greatly exceeds, in most cases, the value of the loans being paid off – thus you would have people double dipping – taking advantage of the loan program to increase the value of their human resources and then taking advantage of a short-term, and probably ineffective, program to wipe out a debt.

You could stimulate the economy more by wiping out mortgage debt or giving cars away (I would think that free cars would stimulate the auto economy), but I certainly don’t see anyone advocating that.

]]> By: Superman http://www.student--creditcards.com/2009/07/do-you-think-that-student-debt-should-be-forgiven-as-a-way-to-stimulate-the-economy/comment-page-1/#comment-308 Superman Mon, 27 Jul 2009 11:58:57 +0000 http://www.student--creditcards.com/2009/07/do-you-think-that-student-debt-should-be-forgiven-as-a-way-to-stimulate-the-economy/#comment-308 what is wrong wit u? noooo way..they hould no better. go back to da zoo you come from. what is wrong wit u? noooo way..they hould no better. go back to da zoo you come from.

]]> By: George http://www.student--creditcards.com/2009/07/do-you-think-that-student-debt-should-be-forgiven-as-a-way-to-stimulate-the-economy/comment-page-1/#comment-307 George Fri, 24 Jul 2009 12:18:47 +0000 http://www.student--creditcards.com/2009/07/do-you-think-that-student-debt-should-be-forgiven-as-a-way-to-stimulate-the-economy/#comment-307 I oppose this. I had to pay mine back. Why should such a select group receive money. These are college educated people who should have good jobs. I oppose this. I had to pay mine back. Why should such a select group receive money. These are college educated people who should have good jobs.

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