Student Debt Relief?
On the Brandon Administration's Latest Political Ploy that Does Nothing to Address Any Real Problems, and Some Ideas for Meaningfully Resolving the Issue of Student Loan Debt
So the Brandon Administration unveiled its “student debt relief” plan last week: $10K in student loan debt forgiven per borrower, unless the student had a Pell Grant, in which case they get up to $20K forgiven. Like everything else this administration does, it’s a political ploy to buy votes, dressed up in nice-sounding language while doing nothing to address any real problems.
To be sure, student debt and the whole shit-show that is the higher education cartel in America is a real problem, and to be sure, Biden’s student debt relief gimmick will only make the problem worse.
First of all, $10K? Really? If you have only $10K in student loans and you got a legitimate degree, you don’t have a problem that requires the federal government to
The effect of
printing forgiving $10K per borrower is purely cosmetic. It would be like the Brandon administration spending printing hundreds of billions of dollars on “Breast Cancer Relief,” but the only thing the money goes towards is buying thousands of overpriced “Save the Ta-tas” bumper stickers from a government-backed cartel run by President Brandon’s political allies. Nobody who really needs it is helped, but the program is massively successful at feeding the cartel and getting people who care about breast cancer to vote for Brandon (or whatever puppet replaces him) in the next election.
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