Posted on 09/08/2022 10:34:33 AM PDT by John Semmens
Shocked that people who never went to college don't want to be forced to pay down her college loan debt, Rep. Alexandria Ocasio Cortez (D-NY) ranted against "the selfishness of the few who oppose the social justice of President Biden's generosity. College graduates are our nation's most precious resource. Making them pay their own way is so unfair."
The Congresswoman has it backwards. Less than half of the adults in the US have college degrees. Of these only 41 million owe money for college loans. Graduates that already paid off their student loans, graduates that never took out a student loan, and those who never went to college will have to pony-up the estimated $600 billion that Biden's "generosity" has bestowed on the smaller fraction of the population who haven't paid off their debt. What's really unfair is that on average, a college graduate is projected to earn a million dollars more over a lifetime than a person who didn't go to college. Biden's college debt forgiveness is a transfer payment benefiting the better-off that largely comes at the expense of the worse-off.
"Not every program has to be for everybody," the Congresswoman asserted. "Our system is a complex package of diverse subsidies and offsetting burdens. It is the capitalistic and individualistic mindsets that confuse the issue. Allowing people to freely choose how they will serve society is inefficient. The only way we can fix that is for everyone to contribute based on their ability and receive benefits based on their needs. Only the government has the breadth of vision to know what is best for all. As the highest ranking member of our government, President Biden is best suited to determine who should receive and who should pay, The only flaw in his cancellation of student debt is that it was limited to only $10,000 or $20,000 per debtor."
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https://www.gopbriefingroom.com/index.php?topic=479491.0
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