Total interest on the national debt is poised to become the priciest part of the federal budget, outstripping spending on Medicare and Social Security.
Measuring Poverty in the United States: Comparing Measurement Methods
Tara O Neill Hayes
Executive Summary
The Official Poverty Measure (OPM) estimates roughly how many people are unable to afford basic needs without any (or with very little) government assistance based on income and an average national cost of food in the 1960s, adjusted annually for inflation.
The Supplemental Poverty Measure (SPM) uses more of a net income approach to estimate how many people are unable to afford anything besides basic needs after they have received government assistance and paid certain expenses, based on average costs of food, clothing, utilities, and localized housing costs.
Democrats target Biden over $50K student loan debt forgiveness snub foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.
American Action Forum President Doug Holtz-Eakin argues forgiving student loans ‘does nothing’ to improve education and would ‘burden the taxpayers.’
Rep. Alexandria Ocasio-Cortez called on President Biden to bypass Congress and cancel billions of dollars in student loan debt, just days after he assumed the White House and extended pandemic relief for millions of borrowers through September. OK now let s cancel them, Ocasio-Cortez, D-N.Y., tweeted after the new president ordered a freeze on student loan payments through Sept. 30, 2021.
The Department of Education announced in March that borrowers wouldn t have to pay their student loan bills or worry about interest for 60 days an order that s been repeatedly extended. It was poised to expire at the end of January. About 41 million Americans will continue to benefit from the federal government’s pause of student loan payments.
This mind-boggling mobile has got our heads spinning.
Natural Light Beer has art imitating life on an all-too-relatable topic, erecting the world’s most expensive work of art to highlight the rising cost of college and the crushing impact of debt.
The beer brand, ever-popular among collegians, recently unveiled a dramatic display inside Grand Central Terminal in New York City, hanging 2,600 authentic diplomas collectively valued at $470 million. The provocative piece, called the Da Vinci of Debt, will be featured in Vanderbilt Hall from Thursday through Saturday to draw attention to the college debt crisis in the U.S. and the chaotic impact on the lives of those who are burdened by it.