Wednesday, August 24, 2022

A Workingman's View of College Debt Forgiveness

Keeping in mind that these debts were contracts voluntarily entered into by willing adults.

From Newsweek, August 18:

https://d.newsweek.com/en/full/2035902/charles-stallworth.png?w=129&h=129&f=2a8e0f0669ef5384a0ee2b92d249043fCharles Stallworth , union railroad worker 

The Education Department wiped out $4 billion in student debt this week for over 200,000 borrowers. It was the second time the Biden administration eliminated student loans; they also forgave $6 billion in June, and extended a pandemic-era moratorium on student loan payments that began in March 2020.

To the progressive camp, this is nowhere near enough. They have been pushing for full cancelation—of all student loans. "I still haven't heard a reason against student debt cancelation that isn't rooted in cruelty," tweeted progressive congressional candidate Nina Turner, expressing a view commonly expressed by progressives like Senator Bernie Sanders, Congresswoman Alexandria Ocasio-Cortez, and Senator Elizabeth Warren.

"REMINDER—student debt is a tax on the poor and working poor who dared go to college to break the cycle of poverty!" Turner tweeted this week.

But that's not what it looks like from where I'm sitting. I'm a blue-collar worker, and when I talk to other blue collar workers about student loan forgiveness, it's one of those subjects where no one disagrees. It gets a resounding, 100 percent "Hell no!" every time it comes up....

....MUCH MORE