The Corner

Politics & Policy

No to a Loan-Debt-Forgiveness/COVID-Relief Compromise

I must dissent from my colleague Robert VerBruggen on his proposed COVID-relief bill “compromise” for the same reasons that I rejected David French and Jonah Goldberg’s idea for a “compromise” on Court-packing. Why should Republicans give away the farm in exchange for a promise from Democrats not to take a manifestly harmful and unpopular action that would almost certainly backfire?

Like VerBruggen, I would like to see a relief bill passed as soon as possible, but the truth of the matter is that Democrats appear unwilling to pass anything remotely reasonable until Joe Biden takes the oath of office. For political purposes, Nancy Pelosi and Chuck Schumer will not budge from their $2.2 trillion HEROES Act and have refused to even consider the Trump administration’s offer of a $1.8 trillion compromise bill. I don’t see the merit in preventing the implementation of a student-loan-forgiveness plan that can potentially be reversed in court by backing an irreversible spending bill that will bail out irresponsible, unsustainable pension plans put in place by Democratic legislatures in blue states while handing out tax breaks to wealthy residents of those same states.

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