Rick McKee’s cartoon seen on PowerLine’s "Week In Pictures"
The Democrats really do want more of your money. At American
Spectator, David Catron reports on the case before the Supreme Court
concerning the cancelation of student debt; he begins:
Last week’s oral arguments before
the Supreme Court concerning the Biden administration’s student-loan
forgiveness plan predictably focused on arcane legal theories such as the “major
questions doctrine.” Relatively little time was devoted to the profoundly
inequitable structure of the program. Chief Justice John Roberts and Justice
Neil Gorsuch did note that it would provide benefits to certain
favored persons while ignoring the very real costs it would impose on others,
but no one mentioned a fact that will gall most taxpayers — it would cancel
student loans for college dropouts.
Remarkably, the Biden
administration and most Democrats see this as a selling point for the
plan. The White House fact
sheet puts it as follows: “Nearly one-third of borrowers have debt but
no degree, according to an analysis by the Department of Education of a recent
cohort of undergraduates.” The Democrats justify canceling these loans because
tuition costs have risen, ignoring evidence that
the loans have driven that increase. Sen. Elizabeth Warren
(D-Mass.) claims:
“Up to 4 in 10 people with student loan debt weren’t able to graduate, many
because of high costs.… Canceling student loan debt would change their lives.”
The problem is that the $400
billion program would also “change the lives” of millions of Americans
for the worse. How? It will raise the stealth tax known as inflation. . . .
Read the rest here.
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