Student Loan forgiveness, just a political ploy.

 CYNICAL POLITICAL TACTIC FOR THE NEXT ELECTION

PRESIDENT DOES NOT HAVE LEGAL POWER TO SPEND OR FORGIVE DEBT BY EXECUTIVE ORDER

Recently the supreme court has heard challenges to the Presidents executive order forgiving student debt. If the court abides by the constitution, which I expect it will, this order will be overturned. This will be used by the democrats to attack republican states and others that challenged this order and also be used to undermine the court.

Student loans at one time were held by individual banks and lenders and were guaranteed by the federal government. Under the Obama administration most all student debt was moved to the federal government. This was an obvious step to set up this present debate over student debt. It is unlikely that debt owed to private lenders will be forgiven, just debt owed to the federal government. This is of course a roundabout to make college free for more people.

There is no authority for the President to make such an order. It could be possible if it was approved by congress but any such forgiveness would open a can of worms for decades to come. What about the debt owed to private lenders? What about the debt owed to family members? What about the debt that has been paid through hard work and sacrifice? 

The federal government should not be in the money lending business, every time they do, it leads to bad loans, bailouts and discrimination. The standards are always lowered for political purposes and the losses absorbed by the responsible members of society. Government student loans is just another example of everything becomes a political tool.

In the 2020 election this was a campaign strategy to get student loaner votes, buying votes in reality. This year when it is stricken by the court it will again be used as a campign strategy to target uncaring republicans and a court that is against the students. Most likely not really caring about the students, just using them for political purposes. The present strategy is always political opportunity first.