While the country is caught up in its response to the recent Supreme Court ruling that overturned Roe v. Wade, there have been shenanigans afoot.
The Biden administration has approved a plan that has given 145,000 people relief from student loan debt, which some estimates have placed as amounting to more than $8 billion.
The program also only, as of now, affects public service workers — you know, people who work for the government. However, there is a distinct possibility, based on the news reports from several outlets, such as CNN, Forbes, The Hill, etc., that state that the government is considering expanding that number to 550,000 borrowers.
Moreover, there is discussions going on that will provide debt relief to all federal borrowers to tune of $10,000 for those making less than $150,000 per year.
There are several prongs to follow on this.
To start with, this was tax dollars, borrowed by people with one purpose, and that being to finance an education. So in legal loan terms, the government provided the funds from the coffers that are filled by your paying income tax. The degree was obtained, and so the money must now be paid back.
In a perfect world, though, the government should not have been able to provide those funds, since there isn’t a mechanism anywhere in the Constitution that provides for the government to be able to give out money as loans for education.
There also isn’t any mechanism in the Constitution that provide for a Department of Education (or Energy, or EPA, but that is starting down a rabbit hole) either, yet for some reason it was found meet and good to do so.
We all know that governments can gin up any number of ways to do something, yet somehow, they not only fail at it, but never let it go, either.
Secondly, there is the element of personal responsibility that is being ignored here, and because the government is not holding certain borrowers to the contract, people tax dollars have been used for someone’s personal gain, and because it comes from taxes, it was done with the threat of force against the taxpayers.
All of the people who lived up to their responsibilities and repaid their student loans, by the way, will get nothing.
I’m not the national nanny, so I won’t spend time admonishing people who took advantage of the program, since I believe it should not have been offered in the first place. I will admonish the government for yet again putting personal needs ahead of actually running the country, and failing miserably.
Immigration, Social Security, energy, Prohibition, health insurance and more have come crashing down because our elected leaders pander instead of govern. If you look closely, the pattern is strikingly similar, in that anything the government decides to overtake will be well-intentioned, but dismally executed and then crash.
Countless amnesties for illegal immigrants, rampant fraud in social programs, veterans left forgotten once their usefulness to the country ebbed — all point to the problem, yet society still believes government is the only way things can get done, and done with equity.
Hasn’t happened yet, and this is yet another example of that.