Canceling Student Loans

President Biden and the Democrat Party have now made it abundantly clear that they are no longer the party of the working class.

Welcome to the NHC GOP Podcast Friday update, I am Reuel Sample.

The people who get stuck with the bill? The working class – supposedly those who the Democrats promise to work form. Those who never went to college, those who went into the trades, those who enlisted in the military to serve our country, those who went to college and paid off their debts, high schoolers getting their first jobs – in short – all tax payers will have to foot the bill for the President’s obvious vote-buying move. And it is not just today’s workers on the hook. This bill becomes part of our national debt that will take generations to pay down.

The problem – of course – is that student loans are not actually canceled. The Federal Government merely guarantees the student loans – it does not actually lend the money. Students receive their loans through private institutions who are more than happy to make the offer – because these banks and lending institutions know that they will get their money back no matter what – either through the student who supposedly promised to repay the loan or through the Federal Government.