President Joe Biden’s decision to transfer some $300 billion of voluntarily acquired student loan debt to the backs of taxpayers is a slap in the face to Americans who did not choose to go to college or made college choices which left them unencumbered by debt. One of the reasons the left loves big government is it gives them the power to pick winners and losers. And it should not be any surprise that the winners of Biden’s student loan disappearing act largely voted for Biden, while the losers did not. The 25-year-old who bought a used Ford F-150 work truck and is making fiveyear payments on that $25,000 job necessity doesn’t suddenly find the truck paid for. Rightfully, they have to make their payments and keep their contract. But if the same 25-year-old had gone to college and used student loans to help pay for a psychology degree, would find as much as $20,000 of their debt absolved.
Columns/Opinions
August 30, 2022
Student loan cancelation part of transformation