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Only Congress can authorize a student-debt forgiveness program, and Congress has chosen not to enact such a plan.
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Keynesian economics is a scourge to any nation that tries it, and African countries are no exception.
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As the student debt debate continues, here is some data that proves how serious the problem is…
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The total amount owed by the United States to the federal government has topped $30 trillion. It's tough to grasp the magnitude of the problem even though we're all affected, but that's part of the problem. The following infographic gives a variety of viewpoints on how Americans' debt affects the economy, their personal finances, and the quality of life in the United States.
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The massive debts owing to China will not vanish just because Beijing puts up a wall of silence.
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The United States has entered unknown debt territory. That should be concerning to us.
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China is one of the world's most indebted significant economies, with both governmental and private debt. Worse, its state-owned banks, notably in the real estate industry, are sitting on mounds of bad debts and non-performing loans. And that's only the tip of the iceberg.
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It will be much, much, much higher in forty years.
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Does debt matter? As the Biden administration and its economic cheerleaders prepare ambitious spending plans, a radical new idea is spreading: Maybe debt doesn’t matter.
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Tuition‐free college is the Democratic Party’s flavor‐of‐the‐month plan to increase educational affordability and access.
Only Congress can authorize a student-debt forgiveness program, and Congress has chosen not to enact such a plan.
