“Cancelling” student debt is a stupid idea, and here’s a good explanation as to why. Excerpt:
An unthinkable conundrum is our reality: the dumbest people in your high school class are now in political power, making the same thoughtless demands they made back when you thought it was just their hormones.
“I don’t feel like paying my debts because it’s too hard,” is the summary of their I WANT FREE STUFF demand du jour.
“OK, so who should pay your debts?” you ask. “That’s selfish and racist,” is the response. Seriously.
This would all be a fantastical, hysterical story, if it were not real.
In anticipation of Biden’s looming presidency, leftists began organizing their FREE STUFF priority lists. On the top of many lists you will find cancellation of student loan debt and free healthcare. Where do they think the money will come from? Why, your wallet, of course! Biden is expected to raise taxes to pay for that “free” stuff.
Never forget this: the understanding that they must take money from the working to pay for the debts of those not working (or not earning as much) — is in itself proof that they know “free” or “cancel” is a lie. There is no such thing as free because someone always pays for it, and leftists know this. That’s why they call to raise taxes “on the rich” — a puffed lie because it is not wealth that is taxed yearly, but earnings, income, work product. It is work that is taxed, not “wealth.”
The article makes a good point; advocacy of “cancelling” student debt is a direct subsidy of Gender Studies degrees by plumbers, carpenters, car salesman and every other productive citizen in the country. That’s bad enough to condemn the idea in and of itself, but the most important thing that makes this a bad idea is missed in the linked article:
Every damn one of these mindless brats yelling to have their loans paid by someone else – make no mistake, that’s what they are asking for – signed a furshlugginer loan agreement, detailing terms of repayment, interest rates, conditions for forbearance, and so on. It’s the law. Now they want a mulligan.
What’s next? Will they buy a new Mercedes, and demand to have their car loan forgiven with no consequences? Their mortgage? To hell with that. As go any loans, so go student loans: You signed. You agreed to the terms. You pay. End of story.