With the looming threat of interest rates doubling on future subsidized Stafford loans (a loan where the federal government pays the interest during the student’s college tenure) from its current 3.4% to 6.8% has resulted in a debate on how interest rates on federally financed loans should be determined. With the expiration of a one … Continue reading
The short answer is: maybe. On Wednesday, during the Senate Banking Committee hearing, Senator Elizabeth Warren grilled Federal Reserve Chairman Ben Bernanke on the $83 billion implicit subsidy that big banks receive from low interest rates. That night, Fox Business News’ Gerri Wilson misquoted the figure, expressing outrage over the “$83 trillion dollars, you know, … Continue reading
By Will Portman Due to vicious circle effects, it becomes more and more expensive to pay off the national debt the more and more debt we accumulate, beyond the obvious fact that it’s a greater burden to pay back a greater sum of money. With each new dollar of deficit spending, we’re not merely digging … Continue reading
Policy Interns 
You must be logged in to post a comment.