Member-only story
Resentment Over Student Loan Forgiveness is Peak MAGA-Lunacy
You can make plenty of decent arguments if you disagree with President Biden’s plan to forgive $10,000 of student loan debt per borrower ($20,000 for lower-income folks who received Pell Grants).
If you believe such a plan is too costly — that it will explode the deficit or spur more inflation — so be it.
I disagree with you, but I can respect your take, even as I would insist it was ill-informed.
If you believe such a plan is regressive in that it overly benefits upper-income folks who are more likely to rack up debt attending expensive colleges, fine.
Again, the evidence suggests that middle and working-class borrowers will reap the most significant benefits, but I can respect the concern.
But if your reason for opposing student loan forgiveness is some version of, “I had to pay off all of my student debt, so borrowers today should, too,” you’re just a sadist.
Not to mention an asshole.
And you should be ignored.
Well, actually, no, not ignored.