President Obama believes that requiring student loans to be repaid is punishing good behavior. [Credit: NPR]
“If somebody plays by the rules, they shouldn’t be punished for it.” — President Obama
The President made this inarguable statement in the course of proclaiming a change in the law governing student loans. Henceforth, millions of people who borrowed for college will have their monthly payments restructured and, in some cases, be entirely relieved of the obligation to repay their debt.
In the President’s mind, borrowing money is playing by the rules; paying it back is punishment. Continue reading →