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What to do about the student-loan fiasco: Is 'debt forgiveness' really the answer?

SEPTEMBER 13, 2019 | by Wolf Richter | WOLF STREET

The University-Corporate-Financial Complex is going to squeal. … If I were a politician running for office, I’d promise the same damn thing, and that’s why I’m not running for office. … But this $1.6 trillion is an asset on the government’s books. It was funded by tax receipts and debt that the government issued.

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