Student Loans: Punishing People Who Play By The Rules

President Obama believes that requiring student loans to be repaid is punishing good behavior.  [Credit: NPR]

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

Elizabeth Warren’s Anti-Progressivism

Elizabeth Warren (D-MA) preaches progressivism but is her student loan proposal anti-progressive? [Credit: NPR]

Elizabeth Warren (D-MA) preaches progressivism but is her student loan proposal anti-progressive? [Credit: NPR]

“This country should not be run for the biggest corporations and largest financial institutions.” Senator Elizabeth Warren (D-MA)

To judge from Warren’s record so far, she would be prefer that the country be run for the benefit of its biggest universities. Continue reading