Re:Half of the US government's financial assets are student ...
by tvural on Friday January 12, 2018 @04:38PM
(#16136554)
Healthcare is a much bigger problem for the government than student loans. The federal government spends about 1 trillion per year on healthcare, while the total of all student debt in the U.S. is around 1 trillion. This is true on a societal level too. U.S. healthcare spending is 17% of GDP, up from 5% in the 1960s. The problem with student loans is that the burden falls mostly on the least financially secure people. This is as opposed to Medicare/Medicaid where the government tries to foot the bill rather than allow people to get in massive debt.
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