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Why Student Loans Won't Be Forgiven
The Political Business Cycle is an idea based on politicians implementing short-term economic growth policies before the election in order to boost popularity among the incumbent candidate.
These policies are predicted to only have short-term positive economic growth and negative long-term economic growth outcomes. Thus, creating a cycle of economic expansion before an election followed by an economic recession. This is the Incumbent Advantage and this is why Student Loans will not be forgiven.
Article: Political Business Cycle – Incumbent Advantage
https://ryantvackner.com/blog/political-business-cycle-incumbent-advantage/
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