To: President Donald Trump and The United States House of Representatives
Say NO to H.R. 4170.
Student loan debt is nearly $1 Trillion, but a handout doesn't stop universities from increasing tuition or bring down unemployment, and moving that debt to the taxpayers won't boost the economy. Do not support the Student Loan Forgiveness Act of 2012 (H.R. 4170).
Why is this important?
Representative Hansen Clarke of Michigan has just introduced H.R. 4170, the Student Loan Forgiveness Act of 2012, in the House of Representatives - legislation designed to ... basically act as a bailout for students with more debt than they can handle... sound familiar Wall Street?
For a brief summary of H.R. 4170's main provisions, please copy & paste this URL into your browser: http://tinyurl.com/7akydbk
I know that many students out there are happy to sign a petition that might give them some relief from their financial obligations, but who wouldn't? But Congress isn't just there to listen to its constituents who want a handout, it has a responsibility to consider the effects of its decisions on all constituents and their future.
I myself have student loans, and I have worked in the student loan industry and seen the problem. But let's consider the REAL problem. Rising tution and rising unemployment. Why is this happening while there is also a TALENT CRISIS? That's right! Companies all over the country are searching the GLOBE for more skilled workers, meanwhile 9% of America is unemployed. Let's nip this in the bud. We need corporations, universities and government policy working together to promote job training in the sectors that NEED for employees.
So, sign this petition to let congress know you don't want them to sign H.R. 4170, and that you want them to focus on policies that will bring down tuition and increase opportunities for job training and education in fields that are in demand. I'd rather see that money go to re-educate people and GARAUNTEE them a job. That will boost the economy far more than a hand-out for the 9% of the population fighting for jobs that don't exist. Let's get our corporations investing back in America too. Companies need to help educate America and fill their workforce too. Let's start encouraging this, instead of bailing out America for promising its children great jobs while America puts itself in more debt training for the wrong jobs.
There might be 375,000 people who want their student loans forgiven, but I hope there are 375,000 people who want a better solution to our economy's struggles.
The solution is out there, but it isn't H.R. 4170. DO NOT PASS H.R. 4170!