No memory of co-signing
A short while ago I turned on my TV and found myself staring at Alexandria Ocasio-Cortez, the Democratic congresswoman. Staring me straight in the eye, she solemnly informed me that I had a “moral obligation” to pay off her $17,000 dollar student loan debt. While my memory isn’t as good as it once was, I was sure I had never co-signed a loan with Ms.Ocasio-Cortez. I learned that student loan “forgiveness” was a policy the Congress would like to include in President Biden’s “Build back better” plan. Why?
This policy, it was explained, would help poor and lower class students get a start in life, which is true. However it will be a far greater boon to all the middle and upper middle class students who spend thousands of dollars earning degrees in subjects which will never provide them with jobs that pay enough to cover their loans. The policy will also never help all the parents who dutifully went without some of their own perks to save enough money to pay for their childrens’ education.
If I am to be taxed to pay for someone else’s education, I’d much rather see the money spent on a person learning a skill Society desperately needs. Has anyone tried to find a skilled and competent appliance repairman or plumber or electrician recently? Not easy.
As for Ms. Ocasio-Cortez. Well, she graduated from Boston University with a degree in economics and now stands with the president and explains to everyone that the government spending two or three or four trillion dollars won’t cost anyone a cent. Seventeen thousand dollars right down the crapper.
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