All Articles on Debt

Tax cuts for the rich did what they have always done over the past 100 years: they initiated a bubble economy that would let the very wealthy skim the cream off the top just before the ceiling crashed in on working people. (Photo:  Yuri Keegstra/flickr/cc) Views
The GOP’s Most Successful Scam Is About to Reboot Itself
Republicans pour on the tax cuts and spending increases, year after year, whenever they have the power to do so, to intentionally inflate the national debt
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'Good First Step' as DeVos Forced to Cancel $150M in Student Loan Debt for Thousands Scammed by For-Profit Schools
"It's disappointing that it took a court order to get Secretary DeVos to begin providing debt relief to students left in the lurch by predatory for-profit colleges."
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Students pull a mock "ball & chain" representing the $1.4 trilling outstanding student debt at Washington University in St. Louis, Missouri. (Photo: PAUL J. RICHARDS/AFP/Getty Images)   Views
Why the Left Should Embrace Debt Forgiveness
It would assuredly receive enthusiastic backing from the tens of millions of Americans who are shackled to enormous debts incurred through spending on healthcare and higher education, both of which are considered basic human rights in nearly every developed nation except for the United States
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Mick Mulvaney, Acting Director of the Consumer Finanical Protection Bureau News
Rebuking Trump CFPB for Only Serving Nation's "Most Powerful Financial Companies," Student Loan Watchdog Resigns
"The bureau's new political leadership has repeatedly undercut and undermined career CFPB staff working to secure relief for consumers."
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Education Secretary Betsy DeVos testifies during a Senate Appropriations Subcommittee hearing on Capitol Hill, June 5, 2018 in Washington, DC.  News
'Revolting': Betsy DeVos Unveils Proposal to Make It Harder for Students Defrauded by Predatory Schools to Get Loan Relief
Plan slammed as looking "more like a roadmap for institutions seeking to abuse students and avoid accountability and transparency rather than a plan to protect students and taxpayers."
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"As a result of all this hardship, more 25- to 29-year-olds live with their parents or grandparents than at any time in the past 75 years." (Photo: Tom Woodward/Flickr/cc) Views
The Taking of Millennial Wealth By Rich White Boomers
"Ingenious financial and legal engineering turned our economy from an engine of long-term growth and shared prosperity into a casino with only a few big winners."
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mulvaney News
'War on Students': Consumer Advocates Warn Mulvaney's Moves at CFPB Will Lead to 'Open Season on Borrowers'
While "student loan debt is exploding," the watchdog's acting director "is planning to shut down the only federal office fully focused on protecting student borrowers from predatory companies," noted Sen. Elizabeth Warren (D-Mass.)
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tear gas News
Police Unleash 'Brutal Attacks' on Austerity Protesters in Storm-Ravaged Puerto Rico
While "inhumane and strikingly antidemocratic" budget cuts are imposed on the U.S. territory, outrage after law enforcement used tear gas and rubber bullets to break up May Day demonstrations
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student debt caps News
As Trump Bolsters Predatory Lenders, Study Shows Benefits of Forgiving All Student Debt
A Bard College study found "policies like student debt cancellation can be a viable part of a needed reorientation of U.S. higher education policy."
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"These students played by the rules, and were caught in a trap that was not of their own making. We need to free them, and ourselves, from that trap." (Photo: Michael Fleshman/cc) Views
Picture the United States Without Student Debt
The act of cancelling student debt will benefit the entire economy.
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