Little question it's removing growth from the economy.
The US Government is printing immense profits from the student loan racket presently. $600 billion in new debt has been added to the government's pool of that in just the last six years.
That $600 billion just for those six years alone, will probably end up costing over a trillion dollars with interest. That's capital no longer available for production or consumption.
The US Government is printing immense profits from the student loan racket presently. $600 billion in new debt has been added to the government's pool of that in just the last six years.
That $600 billion just for those six years alone, will probably end up costing over a trillion dollars with interest. That's capital no longer available for production or consumption.