At a CNN town hall last week, Joe Biden emphasized that he is considering making taxpayers pay off $10,000 of every person’s outstanding student debt. This is a giveaway to the rich.
There is no reason states that were unwilling to make the hard calls and trim spending before the pandemic can’t make the right decisions now.
As Biden prepares to jam a $1.9 trillion COVID spending package through Congress, more than $1 trillion of previous coronavirus funds is sitting unused.
The prohibitively long and oddly complex document that bails out states that have decided to harm their own citizens contains ridiculous provisions with no connection to the pandemic.
If Congress doesn’t have the willpower to regulate its spending—and year after year, it has proven that it doesn’t—then all of us as citizens must act, and hopefully vote, accordingly.
Making taxpayers assume student debt might score short-term political points but doesn’t address the underlying problem: why college costs so much while delivering so little.
Regardless of whether Biden would find a loophole or merely attempt to cajole Congress, it remains concerning that there are many people who want him to force taxpayers to bail out the well off.
What makes Trump look worse before the election: trying to get a deal with no success, or pointing out that the other side doesn’t want a deal for political reasons and pulling out of talks?
What Congress is doing, as it always does, is attempting to throw money at the problems that we and state and local legislatures have created.
Every stimulus grabs control from shoppers and hands control to government people. You will pay again later by getting less for the lower-value dollars as Social Security checks.
Lean, effective government, lower taxes, and pro-growth regulations will revive the U.S. economy far better than bailouts for mismanaged states.
Conservatives should demand more than the soft bigotry of low expectations that Republican lawmakers’ miserable track record on spending has led them to expect.
Pelosi’s caucus is looking to keep the special interest gravy train flowing, while chucking the average American another deficit-funded check like red meat to a dog they’re trying to get off their trail.
Any tax-funded bailouts for higher ed need to be contingent upon urgent structural reforms, and a new paper from the National Association of Scholars provides the blueprint.
Shutdowns and bailouts are unsustainable for 18 months to two years. We need a new and better set of strategies, and we can’t put it off any further.
After getting an extra $13.5 billion in March’s ‘Phase 3’ stimulus bill, the education lobby is now asking Congress for another $175 billion as it ponders a Phase 4 bill.
House Speaker Nancy Pelosi is determined to exploit this crisis for political gain, on the well-founded calculation that if Democrats ask Republicans to unleash a horde of locusts, they’ll agree to half the locusts.
Bloated universities should reform or perish. One can only hope British conservatives can show the same resolve as their American counterparts in blocking any bailouts.
These provisions not only encourage waste, fraud, and abuse, but will also further entrench government-run health care—the left’s ultimate objective.
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