We’ve listed the flaws with the Biden Administration’s approach to student-loan debt repeatedly — including that the “forgiveness” of these student loans fails to address the root causes of staggering increases in what tuition costs families and that, with a $34 trillion national debt, the U.S. simply cannot afford a blanket policy of covering these loans.

So we are alarmed to see another presidential hopeful — Robert F. Kennedy Jr. — proposes a costly new program for first-time homebuyers similar to the template for federal student loans.

“Kennedy’s plan is essentially a clone of the federal student loans program but for first-time home buyers instead of teenage college students,” Ezra Wyrick writes for Reason magazine. “The concept is that if you can’t buy a house because of insufficient funds, the government will lend you the money. What could possibly go wrong?”

Wyrick goes on to connect the dots on what could possibly go wrong, expounding on the theory — a credible theory in our eyes — that the trend of tuition outpacing inflation in large part because the leaders of colleges and universities knew federal student lending would swell to fill the gap, no matter how large that gap grew.

We believe voters must ask if applying this model to housing and mortgages is likely to have the same effect on home prices, even as housing as a commodity already often sees significantly greater increases in price than other goods and services.

We further believe voters should ask that if that relationship emerges, will a future president or future lawmakers begin to discuss mass “forgiveness” of these loans, with no consideration for the overall cost or its impact on the deficit and national debt?

We believe that possibility is too strong for Americans to be anything but wary of another massive federal expenditure.

Solutions to our society’s problems cannot solely or even mostly lie in trying to spend our way out of them. It’s as true for Kennedy and housing as it is for President Joe Biden and education.