Forgiving student loan debts

John Chattman of Huffington Post writes about the proposal to forgive student debts and loans.

One-time tax rebates and meager tax cuts do nothing to stimulate the economy. A recession is as much a psychological phenomenon as anything else. Knowing I’d have an extra $500 per month in my pocket will get me spending again. Multiply that across the country and the economy will start to move again.

I’m in full support for something that will help all the kids (like me) who have all this potential wasted on paying back those silly federal and private loans. Tuition is a bitch, but give me a rebate and I’ll promise to take it and do lots of shopping.