President Joe Biden’s billion-dollar debt bailouts are inherently unfair and divisive, so much so that even his allies in the White House press corps are beginning to question their propriety.
On Wednesday, Biden’s White House announced another round of student debt forgiveness. This time, Biden announced a $7.7 billion transfer to taxpayers of debt incurred by 160,500 borrowers who are “public service workers like teachers [and] nurses.” In all, Biden has now erased $167 billion in student student debt for 4.75 million people.
While the lucky recipients now face fewer financial obligations, those obligations do not magically disappear when our president snaps his fingers. The money borrowed by those students already went to colleges across the country. The colleges already collected that money, and they’re not giving it back. The federal government has to borrow money to…
