About Student Loan Debt:
Populism is certainly quite popular, but sometimes the best policies
remain–and often will always be–unpopular. It's important to bear this in
mind.
remain–and often will always be–unpopular. It's important to bear this in
mind.
Tucker Carlson has been talking about the student debt/student loan
crisis for a number of years. Granted, I think it's welcome that more pundits
are calling out the crass, corrupt political class on both sides of the aisle
which has enriched itself at the expense of all of us, making themselves God
while dismissing our natural rights and constitutional authorities as citizens.
crisis for a number of years. Granted, I think it's welcome that more pundits
are calling out the crass, corrupt political class on both sides of the aisle
which has enriched itself at the expense of all of us, making themselves God
while dismissing our natural rights and constitutional authorities as citizens.
However, there are some failings, some crises which are of our own
making, so to speak. Individual student debtors cannot lay all the blame on
Washington DC or even private universities for taking on massive student loan
debt.
making, so to speak. Individual student debtors cannot lay all the blame on
Washington DC or even private universities for taking on massive student loan
debt.
Debt is debt, and it is neither just nor fair to make the government
defray the student loans for every college student.
defray the student loans for every college student.
1. First of all, it would not be a populist move at all, since the
majority, if not vast majority of student loan debtors, are upper middle class,
privileged people. This is not a move that helps the poor or working classes,
since many of them could not have afforded to take on any form of debt at the
outset.
majority, if not vast majority of student loan debtors, are upper middle class,
privileged people. This is not a move that helps the poor or working classes,
since many of them could not have afforded to take on any form of debt at the
outset.
2. Second, how is there any restoration or respect for the power of the
people if the people at large are forced to pay off the debts of others? How
does that restore natural right?
people if the people at large are forced to pay off the debts of others? How
does that restore natural right?
3. Pundits like Tucker Carlson need to recognize that any
government-subsidized bailout of student loan debt will only enable more moral
hazard, i.e. more prospective college students will take on massive student
loan debt, and more universities will drive up tuition and housing costs.
government-subsidized bailout of student loan debt will only enable more moral
hazard, i.e. more prospective college students will take on massive student
loan debt, and more universities will drive up tuition and housing costs.
4. Here's an idea: pay off your student loan debt yourself! The economy
is roaring like never before. Everyone who wants a job, can get a job.
is roaring like never before. Everyone who wants a job, can get a job.
5. God is very much in the miracles business when it comes to debt.
Instead of looking to the government, how about resting in the grace of God
Almighty? Consider the account in 2 Kings 4:1-7.
Instead of looking to the government, how about resting in the grace of God
Almighty? Consider the account in 2 Kings 4:1-7.
The woman and her sons faced a debt so crushing, that her creditors
were about to sell her sons into slavery to pay off the debt. The prophet
Elisha, a picture of our Savior Jesus Christ, told the woman to collect as many
empty vessels as she could from her neighbors, then start filling the vessels
with the little bit of oil she had left. She ended up filling everyone of the
vessels with oil, and then she sold the oil to pay off the debt AND live off
the rest!
were about to sell her sons into slavery to pay off the debt. The prophet
Elisha, a picture of our Savior Jesus Christ, told the woman to collect as many
empty vessels as she could from her neighbors, then start filling the vessels
with the little bit of oil she had left. She ended up filling everyone of the
vessels with oil, and then she sold the oil to pay off the debt AND live off
the rest!
God is in the debt-defraying business, and He does a better job than
the government can ever do! I know — because He did it for me!
the government can ever do! I know — because He did it for me!