Wednesday, June 15, 2022

John Lott: Why Biden's Planned Student Loan Bailout is Completely Unfair

By Dr. John Lott

Because we saved up and behaved responsibly, President Joe Biden will punish us. Nor is his plan fair to those who don’t go to college.

Last week, Biden forced taxpayers to assume nearly $6 billion in federal student loans for 560,000 borrowers. News stories announced the decision on forcing taxpayers to pay off the loans for others appears delayed until closer to the election. While some debt is likely to be paid off by taxpayers, Democrats will probably keep other borrowers locked in politically by continuing to freeze repayments and warning that Republicans will end that. [more...]

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