For the last 40 years, we have tried to convince ourselves that increasing the national debt is the same as real economic growth. Now there is a small attempt to reduce the size of government spending, the real state of the economy is being exposed. Not a pretty picture.
I see the word “education” in the middle of one sentence, but I don’t think the student loan mountain got enough attention in your writing. It’s not just the government standing by and watching it happen; that’s a case of actively participation.
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I did another essay last week on Student Loans. This was more of the situation in general.