Among many other issues, the student loan crisis is becoming a hot topic amongst the 21 presidential candidates. Each has some sort of solution to the $1.2 trillion dollar debt that college students have all across America. Some aren’t bad ideas, others are just downright bad. The plus side to this is that leaders are waking up to the fact that college debt is a crippling burden that is stagnating our economy.
Tag Archives: Unemployment
In 2013, the United States spent over $300 billion on importing oil. Essentially two-thirds of the country’s entire annual trade deficit can be blamed on oil imports! Oil is sucking hundreds of billions of dollars a year out of the U.S. economy. If we became energy independent, our trade deficit would be cut tremendously. Not only that but our money could begin to go to American-owned energy producers.
You would be surprised at how much the student loan debt is becoming a drag on the economy as a whole in the United States. Democratic Senator Elizabeth Warren has been actively working to help students repay their loans back, however she hasn’t gotten very far. Warren introduced a bill that would have allowed people to refinance their student loans are a much lower rate in order to save them money each month. However the bill failed in the Senate. If we don’t do something now about the debt, we could see our young generation in ruins.
Jeb Bush, one of the GOP candidates for the Presidential seat and brother of George W. Bush announced last week that what America needs is to work longer hours. However, a poll done in 2014 found that many Americans reported working full time, an average of 47 hours a week! In addition, 4 in 10 work at least 50 hours a week. What America needs is to have better jobs with higher wages, not to work longer.