If Biden and the Democrats haven’t already alienated every hard-working American, the cancelation of student loan debt is sure to do it.
In the movie Animal House, Otter, Boon, Pinto and Flounder go out for a night of partying with a brand-new Lincoln Continental that Flounder’s brother Fred lent to him. They crash the car. The next day, Otter informs a distraught Founder “You F-ed up, you trusted us.”
Millions of Americans that bought into Scranton Joe’s working-class shtick surely must feel the same way as Flounder. So should anyone else that values thrift and personal responsibility.
Cancelation of student loan debt rewards irresponsible and immoral behavior. Biden’s plan makes chumps out of Americans that have behaved responsibly and paid off their debts, paid for their education, or decided not to go to college at all.
As the Washington Examiner succinctly put it: “[Biden] has sent a clear message to everyone who doesn’t have a college degree or who already paid off student loans: Drop dead.”
If you believed that Joe Biden and the Democrats cared about middle- and working-class Americans, then like Flounder, you f-ed up. You trusted them.
Cancelation is nothing other than a payoff to the higher education establishment and the purple-haired acolytes of the likes of Elizabeth Warren, AOC, and the rest of the squad with their worthless college degrees. If their degrees were worth something, instead of braying for the taxpayer to foot the bill, these geniuses could have paid them off from the higher earnings that a college degree typically affords.
The cancelation of student loans is such bad policy, that both the Washington Post and the Wall Street Journal opined against it.
So have some Democrat bigwigs like Obama economic advisor Jason Furman and Clinton Treasury Secretary Larry Summers. Both Furman and Summers point out that cancelation is just like cutting $10,000 or $20,000 checks to millions of people and thereby stoking inflation.
But most of all, cancelation is unfair by taxing plumbers and truck drivers to bail out college students that mismanaged their careers and finances.
Granted, most students don’t learn much in college. There are scores of YouTube interviews with college students that don’t even have a basic grasp of history, economics, mathematics or geography.
There’s little disagreement that American colleges and universities produce a poor product. Colleges and universities don’t reward excellence in teaching or hold students to high standards. But just because these institutions have intellectually defrauded their customers doesn’t mean that taxpayers should be forced to foot the bill. Rather, it is higher education institutions that need to change. Canceling student debt does nothing about that. Instead, it rewards bad behavior.
At GOUSA, we value education. But we also oppose subsidization of irresponsible behavior. Our rating system considers where politicians stand on this issue. We downgrade politicians like Elizabeth Warren, Alexandria Ocasio-Cortez and Joe Biden that thumb their nose at those who manage their finances and careers responsibly.
Check out politician scores on this website. We identify those politicians that support greater opportunity for all Americans and those that don’t. You’ll be glad you did. So, unlike Flounder, you won’t F-up by trusting them.