Jason Furman on Debt Forgiveness: At This Point in Our Economy We Don’t Need $500 Billion in Deficit Spending

EXCERPT:

FURMAN: "Oh, no. I’ve been critical of student debt loan relief for the last two years, but the plan came in, frankly, much worse than I expected. It was supposed to be about $250 billion. I thought that was a bad idea, I expressed that. Instead it’s probably about $500 billion. At this point in our economy, we really don’t need to be adding $500 billion of deficit spending for a purpose that frankly includes wealthy law students and business school graduates getting tens of thousands of dollars."