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Biden's Student Loan Forgiveness Plan Is Idiotic and Immoral
Townhall.com ^ | November 20, 2020 | Josh Hammer

Posted on 11/20/2020 4:56:48 AM PST by Kaslin

Higher education might be the most pressing domestic issue confronting America today. As currently structured and carried out, higher education is a blight upon the nation -- an affirmative hindrance to our efforts in aiding human flourishing and securing the common good. It is possible that no propagated belief in modern American history has been more intellectually, experientially, and fiscally ruinous than the notion that a four-year bachelor's degree-bestowing bender is a necessary rite of passage for entering adulthood.

Caviling about the systemic corruption of the academy is perhaps old hat. By the time William F. Buckley Jr. wrote "God and Man at Yale" in 1951, the metamorphosis of America's ivory tower into something closely approximating a fifth column was well underway. But the situation has, in recent decades, worsened; it has metastasized into a cancer whose tendrils spread the latest faddish developments in intersectional, anti-American, anti-Western "woke-ism" all throughout the land.

It is both terrifying and perverse that America's intellectual gatekeepers -- the "elite"-forming, credentialing institutions that separate the "deplorables" from the ruling class -- impress self-loathing pablum upon impressionable young minds. With some notable exceptions, American higher education today comprises madrasas of wokeness fundamentally hostile to the American regime and the American way of life. Many of the far left's most toxic ideas, whether moral relativism, socialism, "anti-racism" or multiculturalism, either begin on campus or gain steam there. It shouldn't surprise anyone that one of the more popular policies in conservative egghead circles today is to expand loan access to, and accreditation support for, trade school alternatives to traditional four-year bachelor's degree-granting programs.

Intellectual bankruptcy notwithstanding, there are manifold more tangible problems associated with the failed higher education status quo. Four years spent on campus between the ages of 18 and 22 means four prime years forgone from acquiring vocational skills, advancing a career, and mating and forming families. It also often means, due in part to the federal government's effective monopoly over the student loan industry, four years of willful indebtedness to major in such patently silly "subjects" as "gender studies." Student loans are now the second-largest source of collective American debt, behind only mortgage debt. By some staggering estimates, Americans have over $1.5 trillion in student loan debt.

The modern Democratic Party is heavily reliant on woke college graduates for political support, and many on the left have warmed in recent years to large-scale student loan "forgiveness" (at least as a halfway measure, compared to the far left's support for universal free college). Most recently, the likely incoming president, Democrat Joe Biden, has called for "immediate" forgiveness of $10,000 of student loan debt for borrowers.

This policy is idiotic in the extreme and brazenly immoral. Republicans and sensible Democrats must unite to defeat it.

The higher education-student loan complex is in desperate need of more transparency and accountability -- not more bailouts. A prudent first step would be for creditors, whether public or (ideally) private, to present clear information about salaries and career paths for graduating high school seniors to consider before they commit to taking out hundreds of thousands of dollars in loans to major in "ethnic studies." The worst possible thing we could do would be a mass bailout of this nature, which would initiate a vicious, never-ending cycle of tuition spikes, more indebtedness, and more bailouts. It is a quintessential exercise in trying to apply a Band-Aid to a grievously slit artery.

Think the moral hazard problems associated with the 2008 bank bailouts were bad? Wait until you see where this irresponsible experiment could end.

Numerous other problems abound. Such a bailout is inherently regressive, as it would disproportionately benefit woke children who decided they could afford four years of the decadent ivory tower wasteland, and disproportionately harm taxpayers who themselves did not go to college. Such a bailout would also be manifestly unfair to those graduates who have diligently worked to pay off their loans in earnest -- even if it meant forsaking jobs they otherwise would have preferred to take in favor of jobs that pay more. In other words, such a bailout would inculcate the worst lessons in fiscal imprudence and recklessness -- all while letting the universities off the hook for their running what amounts to one sustained racket.

American higher education needs a wrecking ball -- not a bailout.


TOPICS: Culture/Society; Editorial; Politics/Elections
KEYWORDS: joebiden; studentloan
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1 posted on 11/20/2020 4:56:48 AM PST by Kaslin
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To: Kaslin

Biden is idiotic and immoral.


2 posted on 11/20/2020 4:57:47 AM PST by madison10 (Give Thanks to the Lord, for He is good.)
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To: Kaslin
Dambit, Gumby. It's not "forgiveness", it's "transference". The loan is put on the backs of other citizens.

It's like Medicare. Seniors think they are getting "free" this and "free" that but the fact is they are just placing the burden of paying for medical services on the backs of their children, their grandchildren and their great-grandchildren. And in some cases, their great-great-grandchildren.

It's a big scam. They're being bribed with their own money just as we were bribed with ours.

3 posted on 11/20/2020 5:05:09 AM PST by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all.)
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To: Kaslin

Biden-immoral ? It’s rather consistant


4 posted on 11/20/2020 5:07:25 AM PST by Ulysse (P)
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To: Kaslin

Whenever ‘politicians’ squander taxpayer revenues JUST to buy votes... it’s ‘institutionalized theft’.


5 posted on 11/20/2020 5:07:35 AM PST by SMARTY ("It's easier to fool people than to convince them that they have been fooled." Twain)
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To: Kaslin

It has been common knowledge for at least 10 years if you wanted to eliminate your student loan, join a non-profit which backs Democrats.
I know several who got this free ride for backing Obama.


6 posted on 11/20/2020 5:08:30 AM PST by Zathras
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To: Kaslin

If graduates can’t afford to pay off their loans, what they really need are refunds from the universities.


7 posted on 11/20/2020 5:08:36 AM PST by ArcadeQuarters (Socialism requires slavery.)
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To: Kaslin

Why should I pay - through my tax dollars - for someone else’s poor decisions? Choices have consequences. If they choose to go deep into debt to get a degree that doesn’t lead to a rewarding career that is their choice. It is probably a stupid choice to go $100k or $200k or more into debt for any degree. It certainly is idiotic for some of the degrees and “education” being offered today. Don’t forgive the debt. Let that generation’s struggles be a lesson to future generations. Maybe they’ll make better choices and colleges and universities will be forced to change. When no one forks over half a million for a BA in upper slombovian 17th century poetry with a minor in trans studies maybe that excrement will go away.


8 posted on 11/20/2020 5:12:23 AM PST by ThunderSleeps
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To: Kaslin

Boy this guy writes really well and is very intelligent.

I had to look up 5 or so words while reading the article.


9 posted on 11/20/2020 5:14:00 AM PST by dp0622 (Tried a coup, a fake tax story, tramp slander, Russia nonsense, impeachment and a virus. They lost.)
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To: dp0622
Caviling was probably one of them? I had to look it up too. It means: To argue or find fault over trivial matters; raise petty objections.
10 posted on 11/20/2020 5:22:16 AM PST by Kaslin (Joe Biden will never be my President)
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To: ThunderSleeps

My daughter has 240k in student loans. That is after we paid for her undergrad and paid her living expenses through grad school. After graduation with her MD she moved back in with us for residency so she can save money to get a leg up on paying back her loans (currently residents make about 50k per year). She took the loans with a plan to get a degree worth something and has a plan to pay the back. I’m sure she will be thrilled after all her sacrifices if Biden cancels student debt...... It certainly won’t be a windfall for her as 10k won’t even make a dent


11 posted on 11/20/2020 5:25:23 AM PST by Mom MD
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To: Kaslin

I thought he misspelled the word he wanted to use lol

I’ve not seen that word ONCE in my lifetime. :)

I’m intelligent. Not brilliant but intelligent.

But I am NOT well read. I’ve read maybe 3 books the past 30 years.

My brother LOVES reading.

We played scrabble some years back....I think he won by 400 to 100...along those lines.

He couldn’t believe the simple words I was putting down lol

And the SAD part is I KILLED an ex at scrabble, winning 17 times in a row and she was a psychiatrist!


12 posted on 11/20/2020 5:25:44 AM PST by dp0622 (Tried a coup, a fake tax story, tramp slander, Russia nonsense, impeachment and a virus. They lost.)
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To: ThunderSleeps
Why should I pay - through my tax dollars

If that immoral idiot POS, Joe Biden, is successful at stealing the election, that is, unfortunately, exactly what that POS will do. I know it sucks, and I hate it, but that is reality.

13 posted on 11/20/2020 5:29:54 AM PST by Mark17 (USAF Retired. Father of a US Air Force commissioned officer, and trained Air Force combat pilot. )
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To: Kaslin

>>Republicans and sensible Democrats must unite to defeat it.<<

“sensible Democrat” . . . no such thing.


14 posted on 11/20/2020 5:37:13 AM PST by Old Grumpy
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To: dp0622
I used to read many books when I was younger, but than when I turned 50 my eyesight got bad. I had to go outside when I when I wanted to look up a phone number in the phone book. So I got me some reading glasses, but then I got hooked on my computer and the internet to do my reading.

I still tried to read books, but it took me longer to finish them, as I didn't the patience anymore to read a book.

15 posted on 11/20/2020 5:42:50 AM PST by Kaslin (Joe Biden will never be my President)
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To: Kaslin

bump


16 posted on 11/20/2020 5:49:36 AM PST by sauropod (Let them eat kale. I will not comply. Sic semper evello mortem tyrannis. This is how Democracy dies.)
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To: sauropod

Why give to universities that provide worthless degrees at high prices?


17 posted on 11/20/2020 5:52:44 AM PST by ActresponsiblyinVA
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To: Kaslin

My daughter and her husband paid off $60,000 in student loans in three years after graduating. They did it by eating rice and beans. They will be pissed if they forgive everyone else’s student loans. (I will be too.)


18 posted on 11/20/2020 5:54:08 AM PST by super7man (Madam Defarge, knitting, knitting, always knitting.)
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To: ActresponsiblyinVA

The enemies fund the worthless degrees to brainwash the students with statists propaganda. They Must keep control of their minds and bodies.


19 posted on 11/20/2020 6:00:05 AM PST by TianaHighrider (God bless President Trump )
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To: Texas Eagle

the cost of medicare are taken out of a persons salary their entire working life.


20 posted on 11/20/2020 6:19:13 AM PST by TexasFreeper2009
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