Having graduated from Rutgers (undergrad) and Columbia (graduate) Universities, I like many young Americans have college debts to pay. I can say that as a small business owner, it would be a huge burden for me to have to pay an additional $1000 a month. That money can make the difference between whether or not I can hire another employee, and that employee can make the difference between whether or not my company can continue to provide affordable information technology services to another small business or social entrepreneur.
Doubling the amount of money Stafford loan holders have to pay each month is not the right direction. Clearly, there are other, better alternatives to stimulating the economy. So listen to what the POTUS has to say as he slow jams the news with Jimmy Fallon and Black Thought. And stay tuned to see how this unfolds.