Eliminate responsibility, erode a nation

Monday, April 12, 2021
 | 
Chris Woodward (OneNewsNow.com)

wallet with moneyThe issue of student loan forgiveness continues to make headlines, and not everyone sees positives of the idea.

Though some columnists dispute the claim, published reports this month say President Biden is considering canceling up to $50,000 in student loan debt,. Still, liberals, including Senate Majority Leader Chuck Schumer (D-New York), have long wanted to see student loan forgiveness, saying it will help families by allowing them to use that money for other things.

But critics point out that forgiving student loan debt will only add to the debt that is already on the backs of taxpayers, and any effort to raise taxes on the wealthy and/or corporations is anything from unfair to a drag on the economy. There is also the fact that many people have worked and saved to pay off their college education.

Butcher

"What about those who did save up? What about those who did save money in a 529, or who did save money in a savings account, or who did borrow money from family without interest to pay their loans?" poses Jonathan Butcher, fellow in education for The Heritage Foundation, a center-right think tank headquartered in Washington, D.C. "What about the Americans who wanted to be responsible? What does this say to them?"

He also wonders what the prospect of the government coming in and potentially making it so that students do not have to pay their debts does to the nation's "social fabric." He thinks it tears apart the foundational concepts of self-reliance and of taking responsibility for one's own decisions and actions.

"Without that," he concludes, "I think that will really begin to erode our sense of both personal identity and national identity as a place where we are a self-made nation."

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