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Fundamental Deceipt at the Core of Student Debt Forgiveness
Conspicuously absent is any mention of root causes. Either colleges are charging too much, or wasting too much money, or the lender is exploiting the loan recipient by bewitching them or charging usurious interest rates.
Conspicuously absent is any mention of root causes. Either colleges are charging too much, or wasting too much money, or the lender is exploiting the loan recipient by bewitching them or charging usurious interest rates.
Which is it? Democrats won't blame the colleges because they are nests of liberalism where future Democrat voters and SJWs are hatched. And Democrats won't blame the lender because it is the government which is the mother hen for Democrats.
So mysteriously Democrats for once in their lives have discovered a problem without a cause. So what do they do to justify their new scheme for debt forgiveness? They trot out a fabricated lie about a totally unrelated thing to rile people's emotions.
Democrats say student debt should be forgiven because ... Wall Street. What the fuch! Govt actually made a profit on the Wall Street bailout. What bloody nonsense of an argument is that? Wall Street was loaned money to bail it out, it wasn't given any free money? Insane illogic!
You want to fix the problem, retrieve the money from where it went. Colleges charged enormous sums of money for worthless diplomas in many cases. Make colleges pay back their ill gotten loot. That's what you would do to any supplier who delivered a shoddy product or service.
Unless you make colleges accountable for delivering a quality product for what they charge, student debt forgiveness at taxpayers' expense is nothing but a recipe for creating even more moral hazard. On which planet rewarding failure doesn't create even more failure?
*Deceit
