Finding the Money
Some people may say there's no money to pay for this initiative. But total student debt in this country will reach the one trillion dollar mark in the next year. As we said in the beginning, these debts were incurred with broken promises. Much of that money is owed to the government itself, and billions are owed to the banks we bailed out at taxpayer expense.
Why not use some of these debts to make those promises come true? It seems only fair. They may owe this money - but we owe them much, much more.
It's time to treat young Americans decently. And when we do, the money they receive will be pumped back into the economy to benefit the rest of us, too. We'll be building a better future for our kids, giving them a country worth living in, and improving today's economy.
That makes sense, but here's what matters even more: It will fulfill our commitment to the future. It means they'll inherit the kind of country we older Americans inherited. Isn't that the kind of country we want to be? Isn't it that the life we promised them?
It's time to make good on our promises.
(This post is part of the "Big Ideas to Get America Working" series.)
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