Thursday, August 25, 2022

Student Loans

And now student loan forgiveness. There’s not much that I  can say that hasn’t already been said. It is, in short, a blatant vote-buying scheme that benefits the top 60% of wage earners while punishing blue-collar workers who chose not to attend over-priced colleges and universities and incur significant debt. How cynical. Rewarding irresponsible choices by funding the elite that spent four years enjoying the college experience with forays into such preposterous majors as interpretive dance, film studies, and gender studies. Did they really expect a return on their investment?  And like Ford Motor Company, who magically increased the cost of their electric vehicles by $8000 in response to government subsidy, coincidentally of the same order, we will see universities respond in kind. A blank check had been issued to secondary education, and a middle-digit salute to all of us that chose to pass on the college experience or, worse, worked hard to pay off our own debt. And to be subjected to that pencil-necked, bobble-headed, pretend Native American, Elizabeth Warren, a self-appointed expert on economics of the middle class, trying to blow smoke up our collective backsides with a diatribe about how this is “not only good for the recipient, but good for all Americans as it lifts the whole economy” is a level of subterfuge that is just beyond the pale. Sitting there lecturing us with her $300K faculty position at Harvard, where she teaches one class, having secured the position based on her entirely fictional racial credentials, is particularly reprehensible, knowing that inflated college tuition is what pays her exorbitant salary. Disgusting.

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