The Immorality of Student Loan Forgiveness and Free College

Guest Post by Nick Gillespie

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So now college should be free in the same way K–12 education is. That’s what most (though not all) of the Democratic presidential candidates are saying, with Massachusetts Sen. Elizabeth Warren offering the most-detailed plan to make tuition at public universities free, forgiving “95 percent” of existing student debt, and increasing the amount of money for Pell grants and historically black colleges and universities. Ironically, the push for “free” college is coming at a time when a historically high percentage—about 70 percent—of recent high-school graduates are already enrolling in college. College has somehow become so unaffordable and remote that more and more people are attending.

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Warren Proposes $640 Billion Student Debt Forgiveness, Free College

Via ZeroHedge

Sen. Elizabeth Warren (D-MA) has called for the cancellation of approximately $640 billion in outstanding student loan debt which would benefit people based on income, according to Politico.

The plan would eliminate up to $50,000 in student loan debt for anyone with under $100,000 in annual household income. This would diminish for people with incomes between $100,000 and $250,000 ($1 relief for every $3 earned), and would not be available to those making over $250,000.

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Persuasion Advice for African-Americans

Scott is either smoking crack or pulling our legs. He can’t possibly be serious. I’m guessing he wants to see the reaction to such an outrageously asinine post.  

Guest Post by Scott Adams

President Obama’s presidency did a lot to diminish racial bias simply because he was a black president who – in the opinion of many, including me – did a good job. As a role model, he was exceptional. But all the factors that made him a great role model are the same factors that prevented him from doing much for the African-American community. It would have looked like favoritism if he had focused too much in that area. The resistance from the right would have been ferocious. And it would have ruined Obama’s brand. People loved Obama in part because he didn’t focus on his race. The country needed that.

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The Lure of Socialism

Guest Post by Thomas Sowell

Many people of mature years are amazed at how many young people have voted for Senator Bernie Sanders, and are enthusiastic about the socialism he preaches.

Many of those older people have lived long enough to have seen socialism fail, time and again, in countries around the world. Venezuela, with all its rich oil resources, is currently on the verge of economic collapse, after its heady fling with socialism.

But, most of the young have missed all that, and their dumbed-down education is far more likely to present the inspiring rhetoric of socialism than to present its dismal track record.

Socialism is in fact a wonderful vision — a world of the imagination far better than any place anywhere in the real world, at any time over the thousands of years of recorded history. Even many conservatives would probably prefer to live in such a world, if they thought it was possible.

Who would not want to live in a world where college was free, along with many other things, and where government protected us from the shocks of life and guaranteed our happiness? It would be Disneyland for adults!

Free college of course has an appeal to the young, especially those who have never studied economics. But college cannot possibly be free. It would not be free even if there was no such thing as money.

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“Dear Bernie, I’m Sorry. I Am The Problem With America…”

Authored by Rob May, originally posted at Medium.com,

I agree with Bernie Sanders. The economy is rigged. In fact, it’s what my father, who is very conservative, taught me about life. Some find it surprising because the general position of liberals seems to be that conservatives don’t realize, or won’t acknowledge, this rigged economy. But my Dad’s advice to me time and time again was that the world was rigged and the only way I could make it was to work harder than the people who were in charge of the rigging.

A few years ago I was walking through Harvard Square when a woman holding flyers for Elizabeth Warren stepped in front of me. She asked me if I thought the government should pay off student’s debts. I don’t think the government should, but, then again I never had student loans. No, it wasn’t because I was from a wealthy family. I never had student loans because I worked every semester I was in college, and during some summers, I worked two jobs. I did this because I thought the world was rigged against me.

I missed out on a lot, because I worked so much. I didn’t have the life like many of the college students I’ve hired in the last few years. They study what they love?—?philosophy, political science, art, regardless of whether or not they have good job prospects. They travel. Mostly they seem to go to Vietnam and Cambodia. They eat out a lot more than I did at their age. They know all the trendy restaurants and hot bars.

When I got out of college, I lived well below my means, saving $25,000 so I could start my first business. That business failed miserably. I ended up losing over $50,000 total. It took three years to pay off the credit card debt I wracked up.

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