Flagpole wrote:
Gonna disagree with Joe Biden here and also give props to Conservative Supreme Court Justice John Roberts. I do that, because unlike the right-wing contingent here, I am not a sheep and will point out things my party supports that is wrong. Just further evidence that I am better than just about everyone, especially better than the right-wing nutbars who post here...I mean, of course I am.
Biden's plan to forgive college student loans is no good for several reasons.
1) It's elitist.
2) It smacks of pandering, so not a good look EVEN IF Biden thinks this is the right thing to do.
3) It COULD set up an expectation in the future of a similar forgiveness, so it wouldn't change any future student behavior with regard to taking out loans.
4) The students and parents who took out the loans knew of the risks, INCLUDING that there could be financial hardship later on due to ANYTHING. The pandemic is NOT an excuse for doing this.
5) It is unfair to those who paid loans off in the past (though, honestly I don't care about this one all that much...situations DO change that might require some people get a more favorable result later on...or a less favorable result too).
6) It is unfair to people who DIDN'T go to college and took out loans to start a business (as Roberts appropriately pointed out). Or really, if a student gets this relief, why couldn't or shouldn't someone take a personal loan for up to $20,000 and get that forgiven?
7) Yes it costs money, and we aren't in a position to just waste money, and for that reason I am against it costing this money, BUT, I will say that for those who would have this debt forgiven, it is VERY LIKELY they would then spend that money elsewhere, not only helping other businesses, but also raising tax revenue, SO, it's not as costly as it seems.
Roberts has made some good observations and had good questions about Biden's plan and authority to do this. I feel his approach to this has been correct and level-headed. Now, if he would take that same correctness and level-headedness and deal appropriately with Clarence Thomas, THEN we'd be getting somewhere!
So, I hope Biden's loan forgiveness doesn't go through.
Why is it elitist?