Courtesy of Mish.
When you want to get your message across, you sponsor a study that is 100% guaranteed to come to the conclusion you demanded from the outset.
In this case, a White House study allegedly proves Student Debt Helps, Not Harms, the U.S. Economy.
Hooray!
The White House just released a big report on student debt that contains all the familiar horrors about for-profit schools, indebted dropouts and students defaulting on their loans. But it has an interesting conclusion: That growing stack of $1.3 trillion in student debt is helping, not hurting, the U.S. economy.
That conclusion is sure to rankle the many student advocates and special-interest groups—from real-estate agents to employers seeking new tax breaks for their young workers—that argue student debt is a big “drag” on the economy. (Hillary Clinton and Donald Trump have each decried the rise in student debt.)
The surge in student debt occurred largely on President Barack Obama’s watch, though it began several years earlier. Since early 2009, when Mr. Obama took office, student debt has nearly doubled, to about $1.3 trillion today, according to the New York Federal Reserve.
Monstrous Report
The 77-page “Investing in Higher Education” report from the White House Council of Economic Advisers backs up its claim that “debt helps” with dozens of charts and studies from economists and academics.
Here are a few examples.
College Earnings Premium
