by Mike ‘Mish’ Shedlock
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.
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.)