Former Education Secretary Betsy DeVos, who served in the Trump administration, has come out and made it clear that she is not at all in favor of student loan forgiveness during an interview she conducted on Tuesday.
Let’s just say that what she discussed concerning the whole idea is a dose of reality that the radical leftists in this country who feel they are entitled to free stuff and should have their college education paid for by the hard-working taxpayers in this country need to hear.
“Forgiving student debt is not going to solve the problem for anyone,” DeVos said during the final moments of an interview she did with “Prime News” on Newsmax.
No, it isn’t. In fact, it’s going to add more problems because it’s going to require more spending at the federal level, which means more funny money printed by the Federal Reserve, which results in an increase in inflation, which is already astronomical. Citizens of this country are already having a difficult time providing for their families.
Imagine if we take this course of action. Yikes.
According to a piece published by Forbes, there was a report filed in June which revealed that the total student loan debt, for both private and federal loans, is a whopping $1.75 trillion.
“We don’t believe it’s legal” to cancel student loan debt, the former secretary of education said, just before she switched over to stating that cancellation of this debt not being “fair” for “two out of three Americans” who did not go to college.
DeVos then stated taking this course of action would essentially be like a “payout” or “attempted vote-getter for the Democrats.”
“It doesn’t address the problem at all,” DeVos went on to say. “Tomorrow, you’re going to have more students taking out new loans. This is an issue that Congress and the executive branch have to get serious about … when they federalized student lending in 2010, the cost of education skyrocketed … forgiving student debt is not going to solve the problem for anyone.”
College these days is sort of a big racket. Since the government got involved in dolling out loans for folks to attend universities, they lowered the qualifications for eligibility, making it easier for people to be approved for the cash they need for classes.
However, since everyone under the sun can now afford to go to school, the marketplace has become flooded with people, making things more competitive. There are now a lot of college graduates who can’t find a job and those loans are coming due.
They can’t pay them. The loans default. The bubble bursts. That’s not bad. It’s horrible. Absolutely horrible.
There’s no such thing as a free lunch, ladies and gentlemen. Someone always picks up the tab.
If a person is going to attend school, they need to take personal responsibility for the money they owe and pay it themselves. Choose a major in a field where there are actual jobs available instead of dumb subjects like feminist studies or something like that.
Here’s to hoping wisdom prevails.
Betsy DeVos Hits Those In Favor Of Student Debt Forgiveness With Hard Truth
Former Education Secretary Betsy DeVos, who served in the Trump administration, has come out and made it clear that she is not at all in favor of student loan forgiveness during an interview she conducted on Tuesday.
Let’s just say that what she discussed concerning the whole idea is a dose of reality that the radical leftists in this country who feel they are entitled to free stuff and should have their college education paid for by the hard-working taxpayers in this country need to hear.
“Forgiving student debt is not going to solve the problem for anyone,” DeVos said during the final moments of an interview she did with “Prime News” on Newsmax.
No, it isn’t. In fact, it’s going to add more problems because it’s going to require more spending at the federal level, which means more funny money printed by the Federal Reserve, which results in an increase in inflation, which is already astronomical. Citizens of this country are already having a difficult time providing for their families.
Imagine if we take this course of action. Yikes.
According to a piece published by Forbes, there was a report filed in June which revealed that the total student loan debt, for both private and federal loans, is a whopping $1.75 trillion.
“We don’t believe it’s legal” to cancel student loan debt, the former secretary of education said, just before she switched over to stating that cancellation of this debt not being “fair” for “two out of three Americans” who did not go to college.
DeVos then stated taking this course of action would essentially be like a “payout” or “attempted vote-getter for the Democrats.”
“It doesn’t address the problem at all,” DeVos went on to say. “Tomorrow, you’re going to have more students taking out new loans. This is an issue that Congress and the executive branch have to get serious about … when they federalized student lending in 2010, the cost of education skyrocketed … forgiving student debt is not going to solve the problem for anyone.”
College these days is sort of a big racket. Since the government got involved in dolling out loans for folks to attend universities, they lowered the qualifications for eligibility, making it easier for people to be approved for the cash they need for classes.
However, since everyone under the sun can now afford to go to school, the marketplace has become flooded with people, making things more competitive. There are now a lot of college graduates who can’t find a job and those loans are coming due.
They can’t pay them. The loans default. The bubble bursts. That’s not bad. It’s horrible. Absolutely horrible.
There’s no such thing as a free lunch, ladies and gentlemen. Someone always picks up the tab.
If a person is going to attend school, they need to take personal responsibility for the money they owe and pay it themselves. Choose a major in a field where there are actual jobs available instead of dumb subjects like feminist studies or something like that.
Here’s to hoping wisdom prevails.
This story syndicated with permission from michael, Author at Trending Politics
My Pillow Coupon Code = ILMF
Tap Here and Use It!
Calling All Americans! Patriot Fetch is Conservative Breaking News Headlines every day, all day. Go to PatriotFetch homepage for daily Conservative news or look below for the next hot story!
Read More Conservative News
NASA Has Plan for Potential Asteroid Impact
Trump Spokeswoman Delivers Scathing Comments On FBI Raid
WATCH! According to Facebook, the Government Wasn’t the Only One Spreading Fake News
BOOM: DeSantis Just Got Some Huge 2024 News from a Florida Poll
WATCH: Stacey Abrams SHREDDED By Comedian, Doctor Following Her Fetal Heartbeats Remark
Tesla Building Terminators? Plan To Have “Useful Humanoid Robots” in the Works From Elon Musk
BREAKING: Rittenhouse and Sandmann Go Viral as they Team up to Expose Former Twitter Staff
COVID Requirements Are Finally Ending in New Jersey for Some Groups of Essential Workers
(WATCH) Pelosi Goes on BIZARRE Damage-Control Rant About Trying to ‘Dig A Hole to China’ as a Child
WATCH: Incredible Video Shows Hero Stopping Self-Declared ISIS Terrorist from Taking Over Plane Cockpit
This Delicious “Trump Tower” in Texas is Drawing in MAGA Tourists
WATCH: A Girl Dies After Being Hit by a Car During the Raleigh Christmas Parade
July Jobs Report Gives Us A Little Good News…Very Little
Here’s How Pro-Life Amendment In Kansas Fared During Vote On Tuesday
VIDEO: Parolee Pleads With Climate Protesters To Stop Blocking Traffic…And Then Things Got Out Of Hand
CBS Blames Childhood Obesity on…Climate Change??
Take A Look At Who’s Handling Trump’s Lawsuit Over FBI Raid
Watch: This Pop Star Has Been Apprehended After for Making a Faith-Based Joke
Airport Bag Handler Dies After Getting Caught in Conveyor Belt
Take A Wild Guess Who Disgraced Former NY Gov. Andrew Cuomo Wants To Pick Up His Legal Defense Tab?
Pre-School Cartoon Peppa Pig Includes Lesbian Couple as More Kid Shows Introduce Gay Characters
New Poll: Dark Brandon Crossed Line With MAGA Speech
OVER IT? Vegan Food Company ‘Beyond Meat’ Tanks, Stocks Down, Trial with McDonald’s a Flop
Who Needs Smokey Bear? Samaritans Catch Firebug, Tie Him to Tree!
Invasion Time? Still More Unexplained Lights Over Texas
Big Announcement From George Washington University Concerning SCOTUS Justice Clarence Thomas
YIKES: Shocking Report Shows Venezuela Emptying Prisons, Sending Criminals to Illegally Cross into the US
Climate Czar Kerry Quite the Frequent Flyer!
Buttigieg Trashes Airlines Over Flight Cancellations, But There’s One Major Problem…
BREAKING: Trump Sets The Record Straight After Leftists Accuse Him Of Wanting To “Terminate” The Constitution