A few thoughts on President Biden’s election year gambit of canceling a lot of student loan debts.
Q: They are legitimate debts, meaning that they have to be paid. Since those who originally incurred them don’t have to pay them, who will pay them?
A: Look in the mirror.
Q: What one word message does this send to those students who paid their debts in full and who have now entered the work force, meaning they will also have to help pay the “forgiven” loans?
A: Sucker
Q: What effect will this have on future loans?
A: Only time will tell.
Terence McManus
New Sharon
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