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Schools-2-N

20 Sep

President Biden is pushing a massive student loan forgiveness program to buy student votes. It is only one more of his massive spending programs which are fueling inflation due to the massive influx of money flooding the economy. It is estimated to cost almost one trillion dollars. Such a massive expenditure is unfair to all those of us who paid for our educations. It took me ten years to pay off my student loans from college and ten years to pay off my loans from graduate school, but I did it because I felt that it was worth the cost. My wife went back and finished her college. and we paid off her loans as well. That has been the normal for those who chose to go to college in the past. It is also unfair to students and their parents who saved up for their education, and those young people who went into the Armed Services to cover the cost of their college. This doesn’t benefit those who need it most because many of those that needed it did not go to college because they could not afford it and didn’t want to get saddled with massive debts. It benefits those in the middle and upper class who could afford to go to college. In addition, college isn’t for everyone. Many choose jobs that don’t require college. Paying college debts is bad policy because it will lead many to go to college that don’t need it in anticipation of the government covering the cost. In addition, many won’t take their education seriously because they won’t have to sacrifice for it. I saw that while teaching in college. The students that got welfare payments to attend college often were more interested in getting credit for the course than in learning. They complained because half of their grade was based on their attendance, so they had to show up to get a good grade. In addition, government money pushes up the cost of college. It is simple supply and demand. Schools take advantage of the government funds. If colleges charge $1000 a semester and the government offers $1000 a semester, the schools will raise their rates to $2000 to get the government money. We saw that with Obamacare. In addition, the President does not have the authority to order the use of tax dollars to pay private debts because spending bills have to be passed by Congress.

 

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