Arrr mateys, let's plunder the schools for student loan booty! Time to make 'em cough up the doubloons! Arrr!
2024-04-15
Arr matey, the scallywags be pilferin' $1.7 trillion in student debt! Biden be throwin' coins at 'em like a drunken sailor. 'Tis high time we make the scurvy schools walk the plank and carry their own weight! Yo ho ho and a bottle of rum!
In the language of a 17th-century pirate, President Joe Biden be tryin' to forgive student loans again in 2024, after his first attempt got scuppered by the Supreme Court. He unveiled a plan in Michigan to wipe out the loans of 23 million borrowers, playin' a game to win over young voters. While the student debt crisis be a real problem, with $1.7 trillion owed, the value of a college degree ain't keepin' pace with tuitions that be skyrocketing.Universities be takin' advantage of government funds to build fancy facilities and lower academic standards, leavin' students with debt but no degree. The system be rigged, with employers forbidden from testin' basic skills, leadin' to a mismatch between jobs and overpriced degrees. If Biden's plan goes through, it be only a temporary fix that unfairly burdens taxpayers. The real solution lies in holdin' universities accountable for their role in the debt crisis, by raisin' taxes on their endowments and makin' them take responsibility for their graduates' debts.Instead of playin' politics with public debt giveaways, it be time to make universities walk the plank for the mess they've created, and provide real relief for millions of Americans.