With the renewed conversation starting with Biden's incoming administration, what do you all feel about the push for 50k in student loan forgiveness being proposed by the progressive side of the party? To be clear this is being advertised as being possible by executive order, not any act of the legislative branch.
I'll start off by saying I hate both aspects of this. Such a large fiscal action by Presidential decree seems like a very bad idea. It does not seem to be a good use of political capital at all. I could be ignorant but I can't think of anything that matches that amount attempted in the past by a President.
Beyond the mechanism, I just think it is terrible policy. Helping those most capable and financially able to incur the costs does not even seem like a progressive idea to me. None of the purported benefits seem to amount to much beyond increased costs of those that weren't financially prudent. The attempt to attach this to racial inequality are especially weak, not to get into the incredibly stupid trolley meme making the rounds.
Of all the progressive policies being put forward, this might be the one I am most adamantly against. To be clear I would not personally be affected, as I only went to community college for a few semesters and incurred no debt, but the very idea is just beyond my understanding. The broad brush approach is the worst idea, and the framing of it as most benefiting minorities is disingenuous at best.
So.. thoughts?
I'll start off by saying I hate both aspects of this. Such a large fiscal action by Presidential decree seems like a very bad idea. It does not seem to be a good use of political capital at all. I could be ignorant but I can't think of anything that matches that amount attempted in the past by a President.
Beyond the mechanism, I just think it is terrible policy. Helping those most capable and financially able to incur the costs does not even seem like a progressive idea to me. None of the purported benefits seem to amount to much beyond increased costs of those that weren't financially prudent. The attempt to attach this to racial inequality are especially weak, not to get into the incredibly stupid trolley meme making the rounds.
Of all the progressive policies being put forward, this might be the one I am most adamantly against. To be clear I would not personally be affected, as I only went to community college for a few semesters and incurred no debt, but the very idea is just beyond my understanding. The broad brush approach is the worst idea, and the framing of it as most benefiting minorities is disingenuous at best.
So.. thoughts?
via International Skeptics Forum https://ift.tt/3kEg7ke
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