Why Should We Forgive Student Debt?

Former treasury secretary larry somers among many arguing cancelling student debt will increase inflation by encouraging colleges to raise tuition. A former economic adviser for president o bama tweeded this, pouring roughly half trillion dollars of gasolene on the inflationary fire that is already burning was reckless. The wall street journal editorial board calls it a moral hazard. This is a college graduate bail out, paid for by plumbers and fetex drivers. Cording to the latest census, fewer than half of american adults hold a college degree. And the recent nbc news pole found debt cancellation not particularly popular anyway. Forty six % of registered voters say they are more likely to vote for a candidate