Can members of Congress pass a basic economics class? Not many—or approximately 20%—says a recent report by Defeat The Debt.com.
With weighty issues surrounding the state of the economy, Defeat The Debt, a project of the Employment Policies Institute, says it begs the question of whether those in Congress have any educational background in economics.
The report, which gathered data from public records and biographies of Congress members, looked into the education of those representatives to find that more than half (55.5%) majored in either government-related fields or the humanities, but only 8.4% majored in an economics-related field, and 13.8% majored in a business or accounting-related field.
The findings aren’t exactly scientific, but Defeat the Debt notes, “This research suggests that our elected Representatives may want to dust off their Econ 101 textbook (if they have one) before trying to tackle weighty questions about the impact of taxes, spending, and debt on our economy and the labor market.”
Written by Elizabeth Ecker