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The Chicago Tribune page has done us the favor of collecting every tendentious argument against Elizabeth Warren's debt cancellation in a single boneheaded editorial. chicagotribune.com/news/opinion/e…
They even include the "cancelling debt would be a slap in the face to those who paid for college rationale, which is best understood through this analysis. mcsweeneys.net/articles/putti…
They also curiously fail to mention the macroeconomic stimulative effects of debt cancellation, analyzed here by the Levy Economics institute. levyinstitute.org/pubs/rpr_2_6.p… cc: @Econ_Marshall
They also peddle the misleading Brookings analysis (which has already been eroded by the discover of a coding error) on how much different income strata benefit. The best way to look at this is not total $'s % group, but percentage of household income.
Currently low and middle class households are hamstrung by the current system. The biggest benefit would be to ALICE (Asset Limited, Income Constrained, yet Employed) families who can sort of pay for college, but then remain yoked to the debt for decades after.
