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> There are many problems with Biden’s decision to cancel a little bit of debt, for a treat. But the only problem worth focusing on is the fact that it changes
by xupybd 4y ago
> There are many problems with Biden’s decision to cancel a little bit of debt, for a treat. But the only problem worth focusing on is the fact that it changes nothing. A year from now, insurmountable student debt will be inked back onto the federal ledger for a new generation of young people pressured into a system that benefits exactly one class of people: college bureaucrats.
That is the key takeaway. If you give out $10K once you do nothing to change the system. I think the is just an attempt at buying votes in the next election.
If we give easy access loans to collage students we don't just increase access to education, we also inflate the cost of education. This is a problem that really needs to be solved.