For years, I have been writing about the deficiencies of the federal student loan programs, but I thought diminishing returns were setting into my harangues—everything important had been said. But don’t underestimate the deleterious effects of disregarding the rule of law, the crassness of political ambitions, and the manifest stupidity of some of President Biden’s […]
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Senator and Presidential hopeful Elizabeth Warren (D, MA) recently proposed a policy to cancel student loan debt. She wants to cancel up to $50,000 of debt for borrowers with annual household incomes under $250,00, including full cancellation for households with incomes under $100,000. It would be financed with an “Ultra-Millionaire Tax” – a massive redistribution […]
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