White House Claims That Student Debt Is Good for the Economy

White House Claims That Student Debt Is Good for the Economy | The Daily Sheeple:
"These days, student loan debt is probably one the most controversial and maligned issues in America.
Pretty much everyone agrees that these debts are overwhelming young people, and preventing them from starting productive lives.
That is, everyone except The Council of Economic Advisors, a research group that works for the White House.
The organization recently released a paper which argued that these student loans are actually beneficial to the economy.
“Federal student loan programs help expand access to high-quality education, which has long-lasting benefits to individuals as well as the overall macroeconomy through higher labor productivity and faster GDP growth.”
The report goes on to claim that the Fed’s student loan program has helped build skills among workers, earning them more money and driving growth.
...And yet, the Council of Economic Advisors concluded their report by saying “College remains an excellent investment overall, and the majority of dollars in the student loan market continue to fund investments with large returns to student borrowers and the economy.”
Surprised?
Don’t be.
This is what happens when the scammers conduct a study on their own scam."