Biden Student Loan Debt

President Joe Biden speaks about student loan debt relief at Delaware State University, Friday, Oct. 21, 2022, in Dover, Del. (AP Photo/Evan Vucci)

The level of corruption in our federal government is nothing short of staggering.

There is no greater example of this than the Biden/Democrat scheme to use taxpayer money to pay off student loans. This economic lunacy comes with an estimated price tag of between $300 billion to $980 billion.

People should think back. Just a short time ago, politicians were claiming that Social Security and Medicare were fast becoming insolvent and would likely have to be abandoned. Social Security and Medicare were both established initially with a tax base that would have assured their viability, like forever.

To put it another way, we the people paid for both of these programs. Had the politicians just left them alone they would likely never have run out of funding. Of course, just as soon as the money earmarked to pay those bills began to flow into the treasury, like the following year, our public servants began to amend legislation to facilitate the mal use of the funds for their pet pork barrel projects.

Instead of paying off student loans, which the students willingly entered into, why don't our elected servants put the dollars into the Social Security and Medicare funds, where they would have a fighting chance to do the people some good instead of just enriching those same political servants who screwed things up in the first place.

Then, if the politicos still deign to pay off student loans, they could pass a law to confiscate the obscene wealth accumulated over the years by our colleges and universities through massive endowments and charging students exorbitant fees for their largely worthless degrees.



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