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Casey Williams
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They forget to mention with people in their 30's and 40's if they are holding high student loan debt levels they aren't able to "feed the machine" buying stock, purchasing things to boost the economy etc. It is a huge draw down of the economy and those same people won't be able to save for their future either and will drag it down as well towards the end of their lives if things don't change.
Toggle Commented Mar 8, 2012 on Grading Student Loans at Liberty Street Economics
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Mar 8, 2012