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Friday, March 29, 2024

Is Biden’s student debt forgiveness fair?

The problem with debt, in the big picture, is that it reduces the amount of money that people can spend on goods and services, which in turn, reduces the country’s overall economy. The other problem with debt is that it can ruin a person’s credit score, which means their future ability to borrow and spend money might be hampered as well.

Source: BBC

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