That’s $300,000,000,000 in student loan debt forgiveness. This amounts to almost $1000 of debt to be absorbed by each and every man, woman and child living in America.
Biden announces student loan handout as national debt soars
This wasn’t “free” money; it was money taken from the treasury and given to students with the intent that it be paid back with reasonable interest. Never mind that only the student benefited from the loans that they took out. Never mind that this money – if/when repaid – could be used to send others to college. Never mind that this money was taken from the American taxpayers, and that without repayment they will have to pay the loss out of their own pockets – again.
What kind of message does this send about responsibility? Don’t worry; if you f**k up the government will bail you out? Your poor decisions will weigh heavily on the minds of your betters, as they sacrifice to pay for your failures? That your life is a check written against the productivity of others?
Sadly, it’s just business as usual in D.C.; buying votes with your money has become commonplace, and I don’t see it ending soon. Funny (or, actually, not so funny), the following paraphrased quote seems apropos – although I don’t know its source (it has multiple citations; not sure which is correct):
A democracy will to exist only up until the time that voters discover they can vote themselves gifts from the public treasury.
Here’s my personal take along the same basic theme:
A democracy will to exist only up until the time that politicians discover they can buy votes using the public treasury.
Don’t think we’re there yet? Maybe this previous Biden quote from the 2020 election cycle will convince you that we are well on our way:
“If you send Jon and the Reverend to Washington, those $2,000 checks will go out the door,” Biden said Monday while campaigning in Atlanta on the eve of the election. “And if you send Sens. Perdue and Loeffler back to Washington, those checks will never get there. It’s just that simple. The power is literally in your hands.”
And so it continues, the slide into fiscal insolvency in the name of “democracy”. A slide towards a failed economy and eventual dependence on the government. A slide where productivity is punished (why should one work to line the pockets of others, when they can be moochers, looters and freeloaders themselves?) as we become ever more dependent on politicians for our daily alms via redistributed wealth. But what happens when the wealth runs out? This can only end in a despotic, “We know better than you” totalitarian oligarchic government whose power is obtained and held based on public dependence. And it is democrats/socialists leading the way – not Trump. Who’d have thought?
I find it interesting that some still claim it’s the conservatives who will lead us down the path of tyranny, of totalitarianism. Have we already forgotten that Hitler was not a conservative, but was instead a socialist (he was the leader of the National Socialist German Workers Party, aka the NAZI party)? Have we already forgotten that Kim Il sung’s totalitarian state was named the Democratic People’s Republic of North Korea? Or that the communist regime of East Germany was similarly named the German Democratic Republic (GDR)? Just as how Democrats have convinced Americans that it was the Republicans who fought for the oppression of African-Americans (it wasn’t – it was southern Democrats who fought for slavery, oppression and Jim Crow laws; it was Republicans fighting against them), Democrats are also implying that it is the Republicans and other conservatives who are leading us down the road to totalitarianism. But it’s not – it’s the progressive left, as usual.
I went to college. I did not incur debt. I reduced my costs by attending a community college for 2 years before transferring to a 4-year university; I also worked throughout my graduate education. I was a responsible adult who earned a useful degree in a STEM discipline without incurring debt so as to not be a burden on others. As a result I am now to be saddled with the debt of the irresponsible – the debt of students who earned a useless degree in a worthless field and who now don’t want to pay back the money they were loaned in good faith.
What a fool I am; I could have been a moocher! Maybe next time…