Forgive student debt!

Political Philosophy
1

http://www.baltimoresun.com/news/education…0,4538366.story

Within the context of the government’s recent actions, this person has a point. If banks and auto makers are getting bailed out, why not bail out everybody? After all, the more magic paper we print, the better the economy will be!

This article highlights the flaw in the government’s plan. According to the government’s actions, we only need to do two things to fix the economy:

  1. Print lots of money.

  2. Spend lots of money.

According to this plan, it does not matter where the money gets spent, so long as it gets spent. Federal stimulus funds are even being spent on clowns and magicians.

I’d like to state the problem so my post is not misunderstood. The government should not be giving bailout money to anyone or any company. The actual solution - real savings and personal accountability - is not on the government radar at this time.

2

According to this plan, it does not matter where the money gets spent, so long as it gets spent. Federal stimulus funds are even being spent on clowns and magicians.

And in 3…2…1..April Fools’ day claims another victim. D’oh! :smiley:

For what it’s worth, The Onion succinctly describes California’s plan for getting out of the economic crisis: build more houses!