What to do about student loan debt? With all the problems swirling in the world, this question seems to be at the top of the minds of Biden administration officials.
Now, every few months, the Biden administration extends the moratorium from repayment of federally-held student loan debt while promising some permanent elimination of that debt.
The obvious solution is to not absolve any student loan debt.
As this relates to student loan debt, the repayment moratorium has led to a growing number of student debtors demanding that their debt be wiped away entirely by the federal government.
With the federal government having taken over most of the student loan program as part of the disastrous Obamacare law, it owns 92 percent of all of the $1.6 trillion student loan debt held by about 37 million people, there is good reason to believe that the federal government has the power to wipe this debt off the slate.
This would be manifestly unfair to those who repaid their student loan debt, but also to those who either did not go to college or did not take student debt while in college.
A federal government student loan forgiveness edict does nothing to solve the real problem, while creating the additional crisis of affirming the idea that financial mistakes can and should be waved away by the federal government without recourse.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
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