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Full-Text Articles in Social and Behavioral Sciences
Breaking The Promise: The Burden Of Unfunded Liabilities On Future Generations, Thomas Savidge
Breaking The Promise: The Burden Of Unfunded Liabilities On Future Generations, Thomas Savidge
Helm's School of Government Conference - American Revival: Citizenship & Virtue
This paper discusses the trillions of dollars in government debt accumulated by state governments as well as the costs of debt on future generations. It examines unfunded pension liabilities, unfunded other post-employment benefit (OPEB) liabilities, as well as state bonded obligations and the crowding out effect of public debt onto state budgets. The paper also discusses opportunities for reform that can help alleviate the debt burden on future generations. Data are collected from state annual comprehensive financial reports (ACFRs) as well as public pension and OPEB actuarial valuations.
Examining The Effects Of Student Loan Forgiveness And The Christian Perspective, Sarah Rogers
Examining The Effects Of Student Loan Forgiveness And The Christian Perspective, Sarah Rogers
Helm's School of Government Conference - American Revival: Citizenship & Virtue
On August 24, 2022, President Joe Biden announced his plan for federal student loan forgiveness. The program allows individuals who make less than $125,000 a year and families under $250,000 relieve up to $10,000 of their loan debt. Those who fall under the Pell Grant program are able to relieve up to $20,000 of their debt. The reactions to this “revolutionary” program were mixed. Typically, those who the program would directly affect were very enthusiastic about this idea while those, most notably Republicans, were less than thrilled. While the idea is good in theory, the execution of debt forgiveness will …