This disturbing subject keeps popping up in my social media stream. Therefore, I felt it is time I addressed it head on. Let me open with this dangling carrot legislation is doomed to failure even if it passes no matter how unlikely that may be. It is a political landmine waiting to explode in the face of the very individuals is it purports to help.
The problems with this bill are many but most importantly it is being proposed at such a time of economic turmoil as a stimulus package. Unfortunately, any stimulated gains will be minor in comparison to the costs associated with this individual bailout. How many struggling families are going to stand behind a bill that helps a finite group of individuals. This is irresponsible legislation at it’s best and only strengthens the ‘I’m entitled’ stereotype of this generation.
It is sad because this legislation is doomed to fail even it it is passed and any politician standing behind this bill is really just pandering to the next wave of voters. They are posturing themselves for higher office down the road with this calculated measure. Worse they believe you are too stupid to see through their ruse.
As I said this is truly sad because there are somethings that the government could do in lieu of a bailout. A government sponsored deferment act would be easier to publicly accept as it would not bailout the student loans only delay the repayment until the students were established in their careers. In fact the government could even go so far as to require a portion of any tax refund be automatically sent each year towards repayment. A long term deferment solution would have greater access and help far more people in the long run. It’s sensible and better for the country.
Related articles
- Support The Student Loan Forgiveness Act of 2012 (dukooth.wordpress.com)
- The Student Loan Forgiveness Act of 2012 (H.R. 4170) – Bill Text (forgivestudentloandebt.com)