Today in class, we read Cancel Student Loan Debt to Stimulate the Economy by Robert Applebaum published in The Norton MIX 2013.
This piece was all about eliminating student debt completely so that the money can go elsewhere and help stimulate the economy. Applebaum goes on to talk about the trillions and trillions of dollars that go into student loans, and the trillions that don't get paid back on time each year. This money also goes into "funding banks, financial institutions, insurance companies, and other industries of greed that are responsible for the current economic crisis", as stated by Applebaum. There's really not much else to say about this piece because that's all it was about. It was interesting to read, and it included a lot of statistics to prove his point. I thought it was funny at one part where he stated "outstanding student loan debt totaling approximately $550 billion (that's billion with a "b", not a "t")".
I suppose this is it for this entry, until next time.
No comments:
Post a Comment