(02-18-2021 12:58 PM)RiceLad15 Wrote:  

(02-18-2021 11:55 AM)georgewebb Wrote:  

(02-18-2021 07:33 AM)OptimisticOwl Wrote:  progressives condemn Biden

"Who cares what school someone went to?" Rep. Alexandria Ocasio-Cortez (D-N.Y.) tweeted on Wednesday. "Entire generations of working class kids were encouraged to go into more debt under the guise of elitism. This is wrong... The case against student loan forgiveness is looking shakier by the day."

The case AGAINST is shaky? What planet does she live on?

The case against such an unprincipled bailout can rest solidly on the fact that the case FOR seems non-existent. I have not seen anyone cogently explain why people who did not incur college debt should bail out people who did. Sure, it's a boon for the debtors. But every giveaway is a boon for the recipients; that doesn't make it a good idea for the public.

Cogent case for (there's probably others that exist, but this is what popped into my head after thinking about it for a minute, so I'm sure there are holes or counter arguments, but your statement about not having heard a cogent explanation for why people should be bailed out makes it seem like you haven't thought about it very much):

Lad, that's a rather irresponsible statement. If the rest of your "case" is any indication, I've thought it about as least as much as you have.

Interestingly, what you are proposing is exactly the sort of rent-seeking that plagued the new nation during the Articles of Confederation, and that the contracts clause was designed to prevent the states from doing.