{"id":23282,"date":"2016-11-02T11:48:52","date_gmt":"2016-11-02T15:48:52","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=23282"},"modified":"2016-11-02T11:48:52","modified_gmt":"2016-11-02T15:48:52","slug":"opinion-its-time-for-the-federal-reserve-to-help-americans-reduce-debt","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2016\/11\/02\/opinion-its-time-for-the-federal-reserve-to-help-americans-reduce-debt\/","title":{"rendered":"Opinion: It\u2019s time for the Federal Reserve to help Americans reduce debt"},"content":{"rendered":"<p>It is nice when I can find another expert to support what I have been saying on this blog for years.  <em>Market Watch<\/em> has the article <a href=\"http:\/\/www.marketwatch.com\/story\/its-time-for-the-federal-reserve-to-help-americans-reduce-debt-2016-11-02?siteid=yhoof2\" target=\"_blank\">Opinion: It\u2019s time for the Federal Reserve to help Americans reduce debt<\/a>.<\/p>\n<blockquote><p>\nTo truly ignite the economy, millennials must feel less poor and seniors must feel richer. A good place to start would be by reducing the burden of student debt. University of Michigan Professor Susan Dynarski summed it up well when she wrote: \u201cAmericans owe $1.3 trillion in student loans. More than seven million borrowers are in default, and millions more are behind on their payments.\u201d<\/p>\n<p>Fixing that problem could mean the government refinances student debt so they accumulate less in interest, paying down part of existing debts, or setting a new amortization schedule to boost consumer spending. Similarly, we would need an innovative policy to help seniors feel more secure that they can live from their savings.<\/p>\n<p>They say the definition of insanity is doing the same thing repeatedly and expecting different results. As the Fed readies to embark on ending the age of near-zero interest rates, it\u2019s time to admit we need a new approach.\n<\/p><\/blockquote>\n<p>It is also nice to find expert opinion supports Jill Stein&#8217;s policy and debunks John Oliver&#8217;s criticism of that policy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is nice when I can find another expert to support what I have been saying on this blog for years. Market Watch has the article Opinion: It\u2019s time for the Federal Reserve to help Americans reduce debt. To truly ignite the economy, millennials must feel less poor and seniors must feel richer. A good [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-23282","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/23282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=23282"}],"version-history":[{"count":1,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/23282\/revisions"}],"predecessor-version":[{"id":23283,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/23282\/revisions\/23283"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=23282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=23282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=23282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}