Thursday, April 28, 2022

My letter to the Wall Street Journal re: Debt Forgiveness

 Re: Biden to forgive $238 million in cosmetology student loans

Since when did America become a dictatorship? Isn't Congress suppose to have a say in spending? These loans are made by private banks and are only guaranteed by the government. Can the government simply inform the private banks that its customers need not repay their loans and then the banks must go through the process of trying to get the government to honor its guarantee? And why is the US Department of Education guaranteeing loans in the first place?
This abuse of the rule of law has to stop.
Patrick Barron

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