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| Four Reasons Why the Student Loan "Forgiveness" Program Harms National Security |
| 2022-10-06 |
| [Lawfire] Monday’s announcement by the Congressional Budget Office that President Biden’s student loan ’forgiveness’ program will cost a whopping $400 billion has left many commentators aghast. Curious as to how this will harm national security? Consider this: in the midst of one of the worst recruiting years in the history of the All-Volunteer Force (AVF), the commander-in-chief instituted a student loan ’forgiveness’ program that will predictably undermine the AVF’s viability by disincentivizing military service to the detriment of America’s security. Furthermore, the program will also harm national security by draining needed resources away from defense and institutionalizing a troubling expansion of unilateral presidential authority. Finally, it creates a mindset that erodes the quintessential American virtues of self-reliance and altruism and, more importantly, wrongly suggests that freedom is free. |
| Posted by:Besoeker |
| #2 Going from memory so my numbers will be off, but something like $1.7T in loans guaranteed by the federal government with what, 30% in default? More? In any event, a significant percentage will never be paid back. It just won't be. So we have a huge problem. Forgiveness won't solve it. Grandstanding about one's moral obligation to pay it back won't solve it either. And every day we write more of these loans. |
| Posted by: Angstrom 2022-10-06 09:52 |
| #1 The destruction of the American Spirit, the military, and the seizure of executive power are exactly the reasons the liberals must to it. |
| Posted by: Besoeker 2022-10-06 06:47 |