What’s missing from this picture?
Democrat presidential candidates say canceling a total of $1.5 trillion in college student debt will stimulate the economy (https://fortune.com/2019/11/29/student-debt-cancellation-plans-economy/). Instead of shelling out $500 a month to repay student loans, all these Stupid Studies grads are going to go out and buy homes and cars, etc.
So where does the $1.5 trillion go? Does it just disappear? Who’s going to wind up paying it?
Uh… you do! You and I and all the rest of the suckers who didn’t take out enormous loans to go to college.
Doesn’t sound too stimulating to me.
Wait a sec, I have a better idea.
Defund the colleges and looniversities. Stop pouring money into them–federal grants and tuition payments. Discard this preposterous idea that everybody has to go to freakin’ college.
If you really want to stimulate the economy, big-time, and save our culture while you’re at it, get the government out of the “education” business altogether. If we must have public education–really, must we?–return control of it to the local communities where it belongs.