Free Republic

The question of whether the government should cancel the $1.6 trillion in student debt held by 43 million American adults drifted out of the political debate after the strongest advocates for the idea, Sens. Elizabeth Warren and Bernie Sanders, left the race for the presidential nomination. It's back. That's because President-elect Joe Biden has endorsed canceling at least $10,000 in federally held loans per borrower as a COVID-19 relief measure (Democrats in Congress want to raise the figure to $50,000). Biden also proposes easing payment terms for most borrowers and taking other steps to cut the financial burden for low-income...

On Monday, Sen. Bernie Sanders, I-Vt., desperate to revive his flagging campaign, proposed a far-reaching plan to wipe out all student debt. That plan falls hard on plans by Sen. Elizabeth Warren, D-Mass., his chief far-left rival for the Democratic presidential nomination, to make college "free" moving forward. Sanders' justification for allocating over $1 trillion of taxpayer money to relieving relatively more well-off people from debt freely incurred: True freedom means living free of consequences. Sanders tweeted: "Are you truly free if you graduate hundreds of thousands of dollars in debt? Are you free if you cannot pursue your dream...