Student Loan Bailout Would Do Nothing for Econ.
Pressure from top Democrats and left-wing pundits is mounting on a presumptive Biden administration to make "canceling" student debt a priority (aka, make taxpayers pay it off). The problems with this policy are endless, from its regressive benefits that skew toward the wealthiest citizens to its creation of a moral hazard problem that would encourage future students to make poor decisions.
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