A federal judge in Texas ruled late last week that President Biden’s plan to cancel student debt is unconstitutional.
It was a wise decision. Biden’s boon to borrowers would cost about $400 billion — a stiff price even in our bloated age of trillion-dollar deficits.
Furthermore, forgiving student debt hides the real villains: the universities. America’s colleges, under the cloak of enriching young minds and imparting skills, run a scheme that would make Sam Bankman-Fried blush. Every year, they lure hundreds of thousands of students into debt servitude so they can get paid billions in taxpayer dollars and then leave students and taxpayers with the tab.
We cannot enact debt cancellation programs every 10 years. Instead, universities should be held accountable for fraudulent advertising.
Yes > Like the rest of us had to do !!!
Amen to the above poster as well as making colleges accountable. Their banks are full of money and then some. Remember, many states gave TAXPAYER dollars to state colleges and universities during COVID…as an offset. Much of that went to their banks.
There you go using that dirty four letter word again…………..WORK!