The left's student debt forgiveness scam
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Some items end up on the agenda because a towering majority of Americans demand change—the most obvious recent example is rising gas prices. Student debt feels different. After all, just 13 percent of the country carries federal student debt. Gallup frequently asks Americans what they believe is the most important problem facing the country today. According to the Gallup analyst Justin McCarthy, the pollster is unable “to report the percentage of Americans who have mentioned student debt or student debt cancellation because it hasn’t garnered enough mentions to do so.” In 2022 so far, he told me via email, Gallup has conducted four polls on the question and “just one respondent mentioned this as the most important problem facing the nation.”
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There is much more.
It is wrong to require people who had nothing to do with incurring debt to pay it off. Why should people who have never been to college have to payoff AOC's student loans? Why should those of us who paid off student loans be forced to pay for AOC's student debt? While it is questionable whether she got her money's worth since after graduating she supported the idiocy of socialism, it was her choice and she should have to pay for it.
See also:
People Are Talking About ... Student Loan Forgiveness
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Broadly the problem with college education cost today is two-fold:
It's too expensive. Its expensive because the government subsidized it and removed risk computation in lending. ...
Colleges do not care if they sell effectively-worthless educations. A college would care if it had to underwrite the loans and they were dischargeable in bankruptcy. …
If you want to solve the problem … the price has to come down and the lender has to take the risk of default and non-payment.
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