- Who Pays for Student-Debt Forgiveness? Taxpayers who didn’t go to college, didn’t take on debt, or paid it off already!
Democrats have begun a bidding war over student-debt forgiveness.
Joe Biden proposes to expand it for public-school teachers.
Elizabeth Warren wants to forgive 75% of all student debt.
Bernie Sanders has raised the stakes to 100%.
No one doubts that student debt, which amounts to some $1.6 trillion in total, is a burden, or that college is a worthwhile investment for most graduates.
But forgiveness wouldn’t make that debt disappear.
It would merely transfer it to the federal debt—already $22 trillion—and stick taxpayers with...
Read all.
Democrats have begun a bidding war over student-debt forgiveness.
Joe Biden proposes to expand it for public-school teachers.
Elizabeth Warren wants to forgive 75% of all student debt.
Bernie Sanders has raised the stakes to 100%.
No one doubts that student debt, which amounts to some $1.6 trillion in total, is a burden, or that college is a worthwhile investment for most graduates.
But forgiveness wouldn’t make that debt disappear.
It would merely transfer it to the federal debt—already $22 trillion—and stick taxpayers with...
Read all.
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