Giving Compass’ Take:
• Anthony Kim at The Heritage Foundation argues that making students carefree by forgiving debt doesn’t mean ensuring their economic freedom. It simply means that someone else may be taking responsibility for their decisions.
• What are other policymakers view on solving student debt? What will be the main challenges in this arena?
In today’s dynamic society, we have a general consensus that investments in time and effort, such as excelling in the classroom and earning degrees, help to achieve intended goals.
But when it comes to financial investments in our futures, especially in the case of student loans, consensus surrounding sacrifices and consequences associated with the pursuit of freedom seems to be waning.
As the latest and most public example, consider Sen. Bernie Sanders’ stance on the subject. He would have us believe every student is forcefully saddled with thousands of dollars in debt without a say in the matter.
Sanders, I-Vt., tweeted:
Are you truly free if you graduate hundreds of thousands of dollars in debt? Are you free if you cannot pursue your dream because you don’t make enough to cover your student loan payments? We will #CancelStudentDebt because there is no freedom without economic freedom.
He interprets financial duties, such as the repayment of student loans and credit card debt, as inherently malevolent because they restrict economic autonomy.
Read the full article about the question of forgiving student debt by Anthony Kim at The Heritage Foundation.
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