TIME TO PAY BACK LOANS
Written by on September 18, 2023
CAL THOMAS COMMENTARY SEPTEMBER 19, 2023
DESPITE ALL ITS EFFORTS TO FIRST CANCEL STUDENT LOAN DEBT, BLAMING COVID, AND THEN DELAY REPAYMENTS AGAIN, THE BIDEN ADMINISTRATION HAS FAILED IN WHAT MANY CONSIDER TO HAVE BEEN A SCHEME TO BUY THE YOUTH VOTE IN THE NEXT ELECTION.
STARTING OCTOBER 1, STUDENT LOAN BORROWERS WILL BE REQUIRED TO PAY ABOUT $200-$300 A MONTH TOWARD WHAT USED TO BE CONSIDERED AN OBLIGATION AND A STAIN ON YOUR CREDIT IF YOU DIDN’T PAY. NOT TO MENTION POSSIBLE LEGAL ACTION.
AS A STUDENT I TOOK OUT A LOAN AND FELT A MORAL OBLIGATION TO PAY IT BACK. I SIGNED A NOTE PROMISING THE BANK I WOULD AND I DID.
TODAY, IN OUR “ENTITLEMENT” CULTURE, SPOILED SOME OF THESE ADOLESCENTS BELIEVE THEY DON’T HAVE TO HONOR THEIR PROMISES. AS MANY HAVE ARGUED, INCLUDING ME, WHY SHOULD ONE GROUP OF STUDENTS GET A BREAK AND THOSE CURRENTLY IN SCHOOL WITH LOANS NOT GET A SIMILAR BREAK. THE SAME GOES FOR FUTURE STUDENTS.
EACH TIME THE FEDERAL GOVERNMENT GETS INVOLVED IN EDUCATION COSTS GO UP. WHY SHOULD TAXPAYERS HAVE TO PAY THEIR DEBT WHEN THE NATIONAL DEBT IS OVER $32 TRILLION? WE SHOULDN’T. I’M CAL THOMAS.
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