It’s so great to be a taxpayer in the United States. Our government continues to pile on the middle class with new tax after new tax.
Now we are being told we must contribute to the $500 billion slush fund that will be used to pay $10,000 to $20,000 to Americans with college loans. Essentially productive workers who pay taxes each and every year now have to contribute more to pay off your neighbor’s tuition.
Personally I find this disgusting. It’s been a long time since I graduated from college, but instead of applying for a student loan I worked my butt off to afford tuition. I worked for the City, counting dogs and junk cars, walking from neighborhood to neighborhood. I tore down a farmer’s barn. I painted numerous houses. I did this while attending college to supplement the academic scholarship I received.
I paid my own way, now my government is telling me I have to pay the way for others. I don’t shy from helping people, but this is ridiculous, particularly when the cost of college tuition continues to rise year after year.
I worry about the precedent this loan forgiveness program will cause. Are we teaching young adults and youth that their signature on a loan document can be ignored or forgiven? And what kind of message are we sending to the waitress that is working two jobs and saving money for her tuition. I we telling her that her hard work means nothing?
Is President Biden and his administration telling us that we don’t have to put in the hard work to pay off the loans we have signed for? Does that mean I can skate on my mortgage or auto loan? Does that mean all I have to do is sit around and wait for the government to step in and forgive my debts?
“Universities are legally raping America’s families…..Most universities are the last sector in America to feel the pain of the economy. In 2020-21 most of them received millions of free government paycheck protection program money, “ noted oft-quoted Dr. Glenn Mollette.
In making these claims, Mollette, and yes, myself, believe college and universities should be providing the money for the loan forgiveness program and not private middle class taxpayers. Tuition costs can be anywhere from $30,000 to $50,000 at many universities. And as mentioned earlier, there is no end in sight as to how high these costs will escalate.
If colleges and universities were forced to contribute to the loan forgiveness program, maybe, just maybe, they would take a hard look at what they are paying professors, coaches and the like. Tenured professors, on average, make over $200,000 a year. College presidents routinely make over a million dollars a year and don’t get me started on coaches who at the top of the chain can make $10 million with endorsements.
“Universities spend money like ice water,” added Dr. Mollette. “They are the ones who need to be lending and collecting or forgiving some of this debt. Not you.”
Amen my friend, my daughters are both going to college currently. They both are working two or sometimes three jobs in the summer and also work 15 to 20 hrs a week while in college full time. They are trying like hell to keep their debt as low as possible so they can afford to pay back their loans as quick as possible when they graduate.
How do you think this makes them feel as they see irresponsible students using their student loan money to take spring break vacations and not working at all. Those are some of the people that are going to get their loan debt transferred to the middle-class taxpayer and to my daughters. They both find this very discouraging! Don’t kid yourself this is not debt forgiveness it is Democrat party wealth transfer from the middle class.