Here's a story about student debt cancellation and how two of the leading candidates came to their (very different) decisions about how much debt to cancel. motherjones.com/politics/2020/…
And here's the @LevyEcon report that inspired @IlhanMN's bill. I was a co-author, along with @stf18, @Econ_Marshall and Catherine Ruetschlin. levyinstitute.org/pubs/rpr_2_6.p…
To be clear, our study did not include "pay-fors" because we wanted to examine the macro effects of cancellation without offsets--e.g. no tax increase--in order to determine whether offsets were necessary to mitigate undesired inflationary pressures.
They weren't. IMO, that's the right way to approach the question. Of course, DC remains mired in the politics of PAYGO.
I hope to see that change. publicaffairsbooks.com/titles/stephan…
