- Penn Wharton on Biden’s latest student loan plan: it will cost taxpayers $84 billion and roughly “750,000 households making over $312,000 in average household income” will benefit.
- 400,000 to 480,000 children were born each year prenatally exposed to drugs or alcohol, based on an estimate for 2009–14, before the current drug epidemic began.
- The average resident of New Jersey will pay almost $1 million in lifetime taxes. No wonder the Garden State has lost more residents to out migration than any other state.
- CDC on why women avoid mammograms: feeling socially isolated, loss of work or reduced hours, dissatisfaction with life, the cost to access health care, a lack of transportation, and receiving food stamps.
I have been following the student debt reforms closely, and I appreciate the study that is shown here.
I am kind of stunned by the assertion that ” Eliminating student debt for
borrowers in repayment for more than 20 years (or for more than 25 years with graduate debt) provides debt relief for about 750,000 individuals residing in households that, on average, earn $312,977 in annual household income.”
Maybe the 750,000 debtors who have been paying for 20-25 years are all doctors and lawyers now. And successful ones, too — to get an average of $312,977 you need some really high earners.
Something does not feel right here.
One other comment:
Forgiving accrued interest does not bother me personally. I do not think that the government should ever be charging interest to its citizens. Just my philosophy.