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Cancel it…..Who Pays For It?

Schumer, Warren and part of the Squad brave the cold……please!

Chuck Schumer, Elizabeth Warren, Reps Omar & Presley and others chose to go outdoors this afternoon in a show of strength as they joined together to urge President Biden to sign an Executive Order forgiving $50,000 of Student Loans for recent graduates. This request is as ludicrous as the theatrics of the press conference. Schumer made such a big deal of this group braving the harsh winter air as a commitment to the action they were requesting. A brief few minutes outside in a Washington winter is such a big undertaking for Big Chuck and Elizabeth (Pocahontas) Warren. Maybe they should think about those hard working men and women working 10-12 hours a day on the Keystone Pipeline who just heard their jobs have been eliminated. Maybe they should think about the millions of Americans who have been out of work for nearly a year due to the ineffective treatment of the COVID-19 Pandemic by certain politicians. No Chuck, this isn’t about you. This is about the millions of people through the years who went to college, got an education and found a way to pay for it. What you want, is a $50,000 gift for people who chose to go to school and get degrees in useless majors that don’t allow them to get sufficient paying jobs to pay back their college debt. You, Chuck, want us to pay for it for them to which I say…….No #$&*()$# Way.

These students, kids, made a choice. They could have gone to a Trade School, they could have gone into the sciences or technology. If so, they would be able to cover their debt but instead, they chose to get a Liberal Arts Degree, paid $60,000 a year for tuition only to find that degree in Mid Western Tribal Dances and Mating Practices has zero….nadda…..value in the real world and thus they are now unemployed and living in their parents basement or attic. That’s a shame but that was their choice.

This post is going to be short and sweet. These kids took out these loans of their own free will. What they chose to do with the funds, as to what major they pursued, was also their decision. Now they can figure out how to repay the note. Maybe they can do what many of us did 40 years ago to pay the bills….we got a second job.

Let’s address cancel. When loans are forgiven, someone has to pay the debt. Your classes have been paid, your books bought and your room and board enjoyed. If you do not pay that back, we do. Not the government, they have no money of their own, they only have ours. Your “canceled” debt becomes our unwanted debt.

Think about all of the college students who have gone before us and paid their way. Think about students of the future and how they will have to resolve their own balance sheet. Today’s students should not be the exception. Make good choices, fend for yourself and don’t expect Uncle Sam to be around every corner ready to seduce you with payouts and relief in the hope of having your undying support for life. You are better than that, you are stronger than that. Ultimately, be stronger than the government.

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