Joe Biden is now proposing to offer student loan forgiveness to all Americans, including the consideration of an executive action that would be taken on his first day in office. The news comes as a wave of relief to many Americans, as one in six of the nation’s adults have borrowed money for education.
But is Biden’s free money as good as it claims? Political activist and commentator Charlie Kirk joined Newsmax TV’s Sean Spicer and Lyndsay Keith to discuss the plans of some lawmakers to push student loan forgiveness. In his words, “This is a scam.”
Kirk notes the student forgiveness scam penalizes good choices, as many young Americans chose not to borrow money for education, instead attending more affordable schools or seeking alternative methods to work their way through college. Others chose not to attend college at all. Should these Americans receive a bonus for bypassing college debt?
The real issue is Democrats are addressing the real financial problems of young Americans. To garner increased support from the next generation, the Left is throwing its promises of free money far and wide.
Yet Kirk notes the growing lockdowns are the real threat to the next generation. Keeping kids at home, shutting down the economy through business closures and shutdowns of American religious institutions are leading to increased loneliness, suicide and mental health issues that will plague Americans far more than student loan debt.