Biden himself seems to think so.
Forgiving student-loan debt will exacerbate our problem of credential inflation.
Sen. Warnock isn’t arguing that Georgia college grads should give back their diplomas, only that they should not have to pay for them.
The case for loan forgiveness is pathetically weak, legally, economically, and morally.
The case for student-loan transference is no more noble than that some people would like other people to give them lots of money.
Putting aside the fact that loan forgiveness is bad policy that raises serious constitutional questions, it is also inflationary.
‘Canceling $10,000 in student debt is like pouring a bucket of ice water on a forest fire. In other words, it won’t do anything,’ he said.
If Biden makes this move, he will deserve every consequence that ensues.
At least 30 senior White House staffers still collectively owe as much as $4.7 million in student loans.