It has been more than a week, and there is still no coherent answer out of the Biden administration to the question of who will pay for student loan forgiveness, which may cost Americans anywhere between $300–500 billion by the time it’s all done. For background, the White House announced, on Aug. 24, 2022, that…
Still No Answer to the Question: Who Pays for Loan Forgiveness?
September 1, 2022
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Why College Prices Have Spiraled
August 31, 2022
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Commentary With the Biden administration’s announcement this week that it would continue the moratorium on student loan payments through the beginning of next year and will forgive up to $20,000 in student loan debt per student, student loan forgiveness is at the top of the current political agenda. Meanwhile, there’s little talk about bringing the cost of…
Government the Problem, Not Solution, on College Costs
Commentary No sooner had President Joe Biden announced his plan for student loan debt forgiveness—$10,000 for non-Pell grant recipients and $20,000 for Pell Grant recipients—the president of the National Association for the Advancement of Colored People (NAACP) was complaining that it should be more than twice as much. At least $50,000. Brookings Institution scholar Andre M….
‘Black Swan’ Author Says Colleges—Not Taxpayers—Should Pay for Biden’s Student Loan Wipeout
August 30, 2022
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Economist Nassim Nicholas Taleb, author of the bestselling book “The Black Swan” that deals with the extreme impact of rare events, has criticized President Joe Biden’s student loan debt forgiveness plan. Taleb, whose book argues that systems should be designed to be “antifragile” and build resilience when subjected to stress from adverse events, said in…
America’s Pandemic Dictatorship
Commentary With the stroke of a pen, President Joe Biden established a new plan that strongly resembles legislation. However, no one in the legislative branch of government agreed to it or had anything to do with its creation. The president’s student loan forgiveness plan is just the latest exercise in what amounts to government-by-fiat in…
COVID Invoked for More Redistribution From Workers to Doctors and Lawyers
Commentary And it’s gone! We are referring to the $300 billion of taxpayer funds that will go down the tubes at the stroke of Joe Biden’s pen upon his impending cancellation of $10,000 of student debt. And in the case of married couples, that covers households with incomes up to $250,000! The legal claim to…
Biden’s Student Loan ‘Forgiveness’ Is an Unjust, Cynical Abuse of Power
Commentary “No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law.” That’s what it says right there in the Constitution. And yet, without any legislation, President Joe Biden now promises to “cancel” up to $10,000 in student loans per borrower ($20,000 for Pell Grant borrowers), limited to those with…
Biden’s Student Loan Forgiveness Among the Greatest Partisan Rip-Offs of All Time
Commentary Remember 1773’s Boston Tea Party and “taxation without representation” that led to the American Revolution and our ultimate separation from Britain? I imagine you do, but perhaps not if you are one of our younger readers and all you were being taught in one of our woke schools that skin color and gender identity…
LIVE NOW: Biden to Cancel Student Debt for Millions; Harvard Could Lose ‘Richest School’ Status | NTD Business
President Biden announces student loan cancellations. A former White House economist tells us it could worsen inflation. Harvard is facing competition for the status of “richest university.” Which university might overtake it, and why? Texas bans some Wall Street giants for cutting ties with the fossil fuel sector. The DOT is warning some SUV owners…
Biden to Cancel Student Debt for Millions; Harvard Could Lose ‘Richest School’ Status | NTD Business
President Joe Biden announces student loan cancellations. A former White House economist says it could worsen inflation. Harvard is facing competition for the status of “richest university.” Which university might overtake it, and why? Texas bans some Wall Street giants for cutting ties with the fossil fuel sector. The Department of Transportation is warning some…
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