Fox’s conservative pundits would rather Americans continue to drown in student loan debt than see them get some relief via President Joe Biden.
On today’s Cavuto Live, guests Danielle Booth and Kathryn Rooney Vera pooh-poohed the idea of student loan forgiveness, which has been halted by an appellate court.
Polls consistently show majority support for Biden’s plan. But Rooney Vera painted it as harmful to everyone. “This is just another example of distortive government intervention that ends up hurting the very people whose votes they’re trying to effectively buy,” she claimed. “This is a moral hazard as well, so somebody’s got to pay for it, and it’s going to be guess who? The taxpayers. Nothing is free, so every government handout or giveaway that occurs, somebody has to pay for it, and the moral hazard aspect, Neil [Cavuto], is that the student who’s going to be going to college will get the impression that there’s a government backstop. So, he or she is going to indebt himself more and handicap their future even further expecting this to continue which it effectively cannot.”
“It’s very silly I think, and I think it’s a blatant government ploy to buy votes ahead of the November election,” Rooney Vera added.
Host Neil Cavuto replied, “Would not be the first administration to try that.”
Boothe also griped. “As somebody who paid off her student loans in full, the moral hazard aspect it’s awful,” she complained.
According to CNBC, most analyses “suggest low- and middle-income earners get the biggest benefit” from the loan forgiveness.
You can watch the whining below, from the October 22, 2022 Cavuto Live.
To my mind, it’s no surprise that politicians can do stuff that benefits the people who voted for them. THAT’S WHAT THEY’RE SUPPOSED TO DO! That’s why people elect them, for heaven’s sake!
In any ase, the forgiving of student debt is an investment in a country’s future. In most countries, be they developed or developing, education is either free or heavily subsidised. Regardless of what the silly RWingers may say (most of them know better, I trust) a poorly educated population is not conducive to progress and well-being.
It’s truly unfortunate how driven angry Right Wingers are to play these games. Particularly when one realizes that 50 years ago, a public college was not an expensive proposition. All the student needed were good grades and a disposition to work hard in class. Nowadays, even the public colleges can be prohibitively expensive and millions of college students wind up buried in massive debt. Which of course means that anyone who had intended to be a lawyer for a non-profit or a volunteer or anything not in a lucrative profession is out of options. Which is of course the intention of the angry Right Wingers who support the college education situation being in this unfortunate place.
Note that Vera’s comments contain a veiled threat – telling students they better not even think of applying for this benefit because angry Right Wingers are going to take it away.