How exactly would student loan forgiveness stimulate the economy like many liberals claim it will?

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Just did it! posted: 02 Sep at 12:56 am

Idea is that when people have less debt, they spend more, which helps the economy.

Idea is flawed because writing off the debt will create huge losses for banks, which will mean lower interest rates for everybody with savings in those banks. Government bailout will create more government debt and higher taxes in the future.

Banks and automakers are getting bailout b/c they are on the brink of collapse, and their collapse will hurt too many people. English & Fine Arts majors might be on the brink of bankruptcy, but them going broke will not affect anybody except themselves.
Beth P posted: 05 Sep at 8:43 am

As someone who graduated college with over $30,000 in debt, I am the first to agree- education isn’t free. But, with education costs skyrocketing, the thinking is that this generation has two problems: huge debt and few good job prospects. If these kids have to live at home just to pay their student loans, how will they buy cars, houses, afford a wedding or children? College is supposed to increase your earning potential, not saddle you with decades of debt. Graduating without debt means these kids can still live on their own while they work as interns and waitresses until the baby boomers retire.