Where does this end?
President Joe Biden speaks about student loan debt forgiveness in the Roosevelt Room of the White House, Wednesday, Aug. 24, 2022, in Washington. Education Secretary Miguel Cardona listens at right. (AP Photo/Evan Vucci)
The Joe Biden Idiotic Policy Parade continues. It rolled down the street Wednesday when the president was allowed near a microphone to announce that he’s forgiving $10,000 of student debt for persons making $125,000 a year or less.
By the mere act of Joe Biden saying so, millions of individuals went to bed Wednesday night owing $10,000 less than they owed that morning when they woke up.
For the sake of this discussion, let’s skip over the fact that the president has exactly zero constitutional or statutory authority to cancel an obligation owed to the taxpayers of the United States. He can’t just wave his hand and eliminate the obligation altogether. Only Congress can do that.
But like I said, let’s skip over that and focus instead on the two real questions.
First: On what planet is this a good idea? Here’s what Biden said:
I believe my plan is responsible and fair. It focuses the benefit on middle class and working families. It helps both current and future borrowers, and it’ll fix a badly broken system. These actions build on my administration’s effort to make college more affordable in the first place.”
Nonsense. Nothing in that statement is true. There’s certainly no fairness. Just because Molly doesn’t have to pay $10,000 of the student debt she ran up getting her gender studies degree (while living in the Kappa house) doesn’t mean the debt went away. It just means that Fred, the skilled carpenter who never went to college, is stuck paying it. Nothing about that is fair.
The plan focuses on working families? Well, yeah, it does. But not in a good way. Carpenter Fred’s family is working-class.
‘It’ll fix a broken system?’ How? How does transferring the debt burden of one person to the shoulders of another make college more affordable?
So, no, forgiving student debt is neither responsible nor fair.
That leads to question No. 2 – the bigger question.
Where does this end?
What happens to personal responsibility? They told me what the payments were going to be and I signed the papers anyway. Now I don’t have to pay? Let me sign some more papers.
Student loans are, no doubt, burdensome. But so are car loans and we all need a car. So why not forgive a chunk of everyone’s car loan?
The pandemic hit small businesses particularly hard. Wouldn’t it be fair to forgive all or part of what Hank, of Hank’s Car Wash & Detail, owes his bank?
What about nurses? Nurses had a particular time of it through COVID. Don’t we owe it to a dedicated nurse to forgive at least some of what she owes on her VISA?
Come to think of it, after what we’ve been through, owing money is generally tough. Why not let everyone designate $10,000 worth of personal debt to be picked up by Uncle Sam?
“Lunacy!,” you’re saying? Hyperbole?
Maybe so. But when these or similar idiotic policy ideas start coming from the Dems, remember this:
You heard it here first.
I just don’t have words that would allow me to commit on Mr. Joe Biden’s latest action and statements about the action
I personally can’t skip over the fact that it’s unconstitutional. Under our system of government (on paper anyway), he can’t do that. This is looking more and more like a dictatorship every day. Furthermore, in a period of high inflation this extra spending is insane. It looks to me like the intentional destruction of America.
All of that said, what this amounts to is another redistribution of wealth from you and I to the banks. The new 87,000 IRS agents can audit the ex-students for including those amounts as taxable income. This is a win-win for the gooberment. A big lose for the rest of us.
“The problem with socialism is that you eventually run out of other peoples’ money.” —- Margaret Thatcher
Slavery is the conclusion of Marxism when you are the property of the State and must serve it to stay alive. —- CMS
Milton Friedman’s words are timeless and worth hearing by all.
Remember his words before you vote and then vote accordingly… i.e. the “right way”… conservative Republican.
https://twitter.com/steve_hanke/status/1554550100537462785?s=20
I really enjoy your writing. Keep it up!
So the Biden Administration effectively adds another One Trillion of spending for his buddies by the watered down Build Back Better Act a.k.a Inflation Reduction Act (HA!) at $700 Billion smackaroonies and then this Student Debt Relief Act at a whopping $300 Billion for the Trillion dollar total. Then today the Fed comes out with a rate hike that slams the stock market. Man O Man are we in a heap of trouble with these Killer Clowns from Outer Space (check out the movie, it is the Biden Administration for sure). Did you all catch the amount of the two Bills? But this one is ever so special because it really pays for the lawyers and political science majors in Ivy League Schools that belong to the fathers, mothers, aunts of uncles of the Progressive elite. You bet a pair of you best solid gold cowboy boots, they will get paid more than $10K each. What a pathetic sum of money to reward a supporter with! An insult.
My only consolation is, that the weakminded low wage earning Biden supporter will suffer even more than I
“Where does this end?” It will never end because EVIL will never end. Logic or Truth does not exist in the Leftist Universe. I will try to explain my understanding of the Left that I have learned in a life time of study.
The Left has a totally different mind set of fundamental beliefs with respect to morality, conscience, absolute truths, debate, religion, worship, God, scientific research, cycles of Nature, seeking Truth in Society, and the historical advancement of Mankind. Their bedrock of operation totally ignores all human history and inventions based on established and proven science. They totally reject the Laws of Nature and of God. The Left is without a conscience in support of human integrity or interest in the struggle of Good over Evil that helps to establish Free Nations under a Constitution that protects the Rights and Lives of humanity that also promotes personal allegiance to a moral code of absolutes that benefits everyone to the maximum.
The Left simply ignores and despises the Rule-of-Law and practices a form of Nihilism in which the ONLY thing that matters is “what it takes to obtain their totalitarian goals” because they are by definition not under any Rule-of-Law or any other moral code of conduct. That is WHY any Constitutional Conservative argument in favor of moral behavior is met with scorn and is dismissed as irrelevant and outside their world view of total domination of humanity. They have become self worshiping idols of the universe in which there is no Truth or Evil that can be established.
The Left DOES NOT CARE about our arguments of a moral basis of operation and conflict because it simply doesn’t exist in their value system (soul). Therefore the Left will never accept defeat and will win at all costs regardless of the individual or societal destruction in their wake. It is therefore a WASTE of time for Conservatives to point out to the Left the EVIL that rules their purpose of living that threatens our Freedom. This is NOT a political battle. This is a battle for humanity to escape the SLAVERY of the Socialist, Marxist, and Communist alignment with Fascism (Corporate-Government dictatorship) that is in the process of consuming every corner of American Society under the auspices of the radical Democrat Party’s “Trojan Horse” of “Benevolence and Tolerance”. This Leftist movement must be exposed as pure EVIL to those who have not already been “brainwashed” by their propaganda of LIES that are without substance or evidence of fact.
Paul, another “point on” article. I had a school loan in the 60’s, and paid it off by working during and after college. Your title “Where Does It End” is perfect. Unfortunately, I have no answer. Keep up the good work my friend.