Sunday, December 07, 2008
I have a great idea. Instead of bailing out these banks and corporations, why not bail out those who are so buried in student loans that they cannot even think of buying a house, car, or any big purchase for many years. My three kids are all still paying for their student loans. I still owe a few thousand on my student loans. Young people are coming out of college owing thousands upon thousands of dollars and monthly payments are the size of a small mortgage payment in many cases. If student loans were forgiven, that would allow college graduates to buy those homes, new cars and put money back into circulation which would stimulate the economy and no need for corporate bail-outs. Give some money to those who are responsible for running the economy.