Last Words on Student Loans

Elizabeth Warren is getting lots of ink for her bill to reduce interest rates on outstanding student loans.  This is putting a band-aid on a hemorrhage.  Our debt-burdened future leaders and otherwise big spenders (household formation, autos, clothes and such) would still be burdened with years of debt before beginning to spend their otherwise discretionary income to drive the economic recovery.  The Feds and State legislators must find ways to relieve this generation and their successors from this debt.  Their counterparts in Germany, England, China and Japan are entering the work forces with better educations and un-hobbled with debt.

Here is The New Yorker's last word on the issue: