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Why Student Loan Forgiveness is a Bad Idea

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Contains Opinion of the Writer

The White House creates a fact sheet with a three-part plan on Biden’s promise to cancel $10,000 of student debt for low- to middle-income borrowers. They say it will help those who need the help the most.

According to the White House site, anyone making under $125,000 per year will be eligible for the student loan forgiveness program, which will allow for the erasure of up to $10,000 to $20,000 in debt per person.

Peter Doocy questions, “Who is paying for this?” She is so good at avoiding hard-line comments and questions. Peter then correctly comments, “Debt just does not disappear.” He is right. The American people will pay these debts through higher taxes.

Reason.com lists legal, pragmatic, economic, and moral reasons that one might be weary of the student loan relief from Biden.

Biden’s claim that the executive branch has the right to declare student loans forgiven is both egregious and troubling for the future of executive power plays.

The claim is that higher education has grown too expensive, but the reason is ignored.

Reckless borrowing from today’s students that think they won’t have to pay the loans back may drive up higher tuition and cause higher inflation.

The move will cause massive subsidies for middle-class Americans and does not benefit those truly financially strapped Americans. It provides a handout to many people for whom loan payments aren’t a problem now

Hey, since they will forgive student debts, let’s just erase all debt and start fresh! FREE FOR ALL. It is a bad idea to do that, of course, but this is the America we live in today. Many expect everything to be free for them. They aren’t like the people who lived in the earlier periods when they had to work for every dime, and the old adage was: You don’t work, you don’t eat. I personally do not want to give my hard-earned money to a lazy person who does not want to work.

It sickens me to go to the grocery store and buy cautiously while the dope in front of me is buying steaks with their food stamps and wine with their government checks. I’m not saying there is something wrong with using food stamps when needed, but living off them was never meant to be a lifestyle; at least, it should not be someone’s life’s goal.

Governor DeSantis explains the moral reasoning surrounding the student loan forgiveness plan.

Many think FREE education and FREE health care are great. However, the fact is they are not great. They are bad for our country. They are bold steps toward socialism, which is not what our forefathers intended for our country.

It is a bad move to create higher inflation in our country when we already have a problem with it. Biden and his administration make no sense of what they do; frankly, they do not care that their moves are tearing America apart. Their end goal is to turn America into a socialist country. It is our job as Americans to stop this march toward socialism. It starts by getting these dangerous Democrats out of the office in November and out of the President’s chair in 2024.


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