POLITICAL: Canceling student-loan debt makes working class subsidize elites

By that metric, it will be very revealing if one of Joe Biden’s first actions as president will be to forgive student debt.That’s an idea swirling around Democratic circles — particularly among the progressive base. The base turned out for Biden, and now they want their pay-off — literally so, in the case of massive debt forgiveness.

Last week, a coalition of 236 progressive groups led by teachers unions called on Biden to cancel student debt on his first days in office. Biden himself has already urged Congress to cancel $10,000 as part of a pandemic relief package.

Source: Canceling student-loan debt makes working class subsidize elites

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This is just immoral and wrong on so many levels.

How about all the people who have sacrificed to pay off their debt?

How about all the people who didn’t go to college because they didn’t want to be debt slaves?

How about all the people who have to pay for this forgiveness?

Note since the USA is “broke” and the only way to do this is to print more money and incur more debt!  That means inflation!  And even if taxes are raised, everyone pays the “tax of inflation”!

Sorry but this us a further evidence about how out of touch politicians and bureaucrats are.  And that Gooferment is immoral, ineffective, and inefficient. As well as untrustworthy.

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One thought on “POLITICAL: Canceling student-loan debt makes working class subsidize elites

  1. I wouldn’t expect to see this for years… about 3 and half years to be exact. Although the smart move might be to forgive half of it now and then PROMISE the other half in 2024 if the students all vote him in for a second term.

    What is that quote about democracies only working until voters realize they can vote for the government to give them money?

    :/
    MJM

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