Thousands of young Americans are in a deep hole because of student debt. They are desperately trying to dig themselves out of the economic trap presented by the debt. It makes them a slave to their job and stops them from taking entrepreneurial chances, it effects whether or not they marry and start a family. New families buy houses, furniture and lots of stuff, which puts money back into the economy.
That was lost on Republican lawmaker Bill Posey of Florida when he questioned Hassan Minhaj, a comedian and Netflix host. Minaj explained that student loan debt is putting a “paywall” around young Americans, and that as a result, many are stuck on the sidelines. He went on the say that young people are asking celebrities to help pay off their student loans.
Minaj asked Congressman Posey, “Are you a fan of Taylor Swift? Are you a Swiftie? Posey was lost. Manaj continued, “Because even her fans have gone up to her and said would you pay back my student loans. That’s how desperate student borrowers are…They’re not even asking for selfies anymore.” Minhaj’s testimony was done in good conscience and good humor, but it’s not clear how well it was received by Congress. The bottom line here is that student debt is a major issue for thousands upon thousands and is holding many back from making significant contributions to our society. America needs to take a hard look at this crisis to figure out how to better serve and educate the future of our nation.