Once again, the White House has extended the moratorium on federal student loan payments through the end of August, which will only push our inflation even higher.
Yet, despite the negative impact it has, Democrats are pushing for even more. They want President Joe Biden to forgive student loans permanently.
Senate Majority Leader Chuck Schumer said, "I just heard that the President is going to extend the student loan moratorium through August. [...] The president should go further and forgive $50,000 in student loans permanently."
WATCH:
SCHUMER: "I just heard that the President is going to extend the student loan moratorium through August. [...] The president should go further and forgive $50,000 in student loans permanently." pic.twitter.com/5qXONhaL5n
— Breaking911 (@Breaking911) April 6, 2022
Well shoot, if people are getting debts forgiven for no reason, can my credit card, vehicle loan, and house loan debt be forgiven too? See how ridiculous that sounds...
Schumer says that "college is a ladder up" but that student debt is an "anchor down." Okay, so then don't go to college. It is not a mandatory thing to go to college. People can go to trade school or take many other routes that do not cause $50,000 in debt.
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