Someone’s Gotta’ Pay
Nothing is free. Joe Biden’s student loan bailout just shifts the burden onto taxpayers who did not agree to take on the loan in the first place.
Cartoon by Gary Varvel, commentary by R. Mitchell, Editor-in-Chief
See more @Varvel toons HERE.
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Colleges have continually lowered their standards (while continually increasing costs) to pump out ultra liberal college graduates with no marketable degrees in majors like “Gender Studies” or “Black Studies”. The colleges don’t care because the government now owns the student loan business so the colleges always get paid and the government gets all the interest on the loans. That’s why colleges have been increasing their tuition at an enormous rate (way above the inflation rate) for years. The indoctrinated students are angry because they can’t get jobs (except at Starbucks) but will always vote Democratic because they are promised “loan forgiveness” and now Joe Brandon has passed another illegal “executive order” to make that happen. Of course, the government won’t really pay for any “loan forgiveness”; it’s just another 400 billion dollar money printing exercise (like the just passed 370 billion “Inflation Reduction Act”) that will dramatically increase inflation and increase taxes on the middle class. Moreover, it’s an immoral and criminal affront to steal money from every American; especially those who paid their loans or the majority of Americans who never went to college.
Meanwhile, the real high paying six figure jobs (Plumber, Welder, Electrician) face massive shortages across the country because all those kids were getting their useless degrees instead of preparing for “real life” work. The government needs to stop all financial support of universities and remove their tax exempt status (let them stand or fall on their own), and get out of the student loan business. All the major Universities have tens of billions in endowments and the taxpayers are going to pay for this illegal giveaway? Then the Department of Education needs to be dismantled. At this point they are just another bloated government waste of taxpayer dollars with thousands of employees and a 68 Billion dollar budget.
Of course that will never happen as this government continues its mission to destroy the American middle class and rule us by a cabal of elite Democrats and their compliant “woke” big business partners. They’ve already weaponized all the government three letter agencies and the mainstream and social media against the political opposition. They promise to let the big businesses who support them keep their tax breaks and monopolies and through our completely open border, they will get all the cheap foreign labor they want. So the coup is almost complete. When they are finished there will just be two classes of people; the rich Democratic overlords in collusion with their subservient big business oligarchs and the poor masses. Just like any other Socialist/Communist state in the history of the world.