NEWS AND OPINION:
Political, cultural and economic sages are still looking askance at President Biden’s expensive plan to forgive some student debt. Some call it an unfair burden on taxpayers, others say it will drive up inflation.
But there is another significant but unwanted by-product which could also surface.
“The move is bad on so many other levels. To begin with, it sets a precedent. Forgive student debts? Why not credit card debts? Household mortgages? Heck, let’s have that national debt jubilee the democratic socialists always talk about, and just stop paying on the $30 trillion and change we owe around the world.