Student loan bailout is ‘slap in the face’ to veterans

Student loan bailout is ‘slap in the face’ to veterans

President Biden’s anticipated student loan bailout is unfair, veterans say. (Canceling student debt would also increase inflation, and encourage colleges to massively raise tuition, by making it more attractive to take out loans to cover tuition, even if tuition rises dramatically. Each additional dollar in federal financial aid causes a tuition hike of about 65 cents, according to the Federal Reserve Bank of New York.)

The College Fix quotes one veteran:

A veteran of the Afghanistan War said President Joe Biden’s potential student loan bailout would be a “slap in the face” to men and women who have served or are currently in the military.

Cole Lyle recently wrote an essay for Fox News titled, “Biden’s student loan forgiveness plan is a slap in the face to veterans and active military.”

He wrote:

For most veterans, the choice to join the military was foremost about serving our country. But for many, it was also about receiving benefits to attend college without debt. Earning the GI Bill meant giving up years of their lives, serving in dangerous jobs and situations. The student loan debate is leaving out the impact cancellation will have on the veteran and active-duty community.

He said he had sympathy for people saddled with debt, but there are options to avoid student loans.

“For over 80 years, military service and the GI Bill have enabled millions of Americans to pursue college debt-free, or nearly free,” Lyle wrote. “Serve in the military, and the federal government will help ensure you have the resources necessary for success without burdensome debt.”

“I joined the Marine Corps two weeks out of high school, deployed to Afghanistan, and earned my degree using the GI Bill,” he wrote. “I know firsthand the sacrifices service members made to earn that benefit. They all made a choice.”

“In most cases, joining the military meant receiving the GI Bill and the chance to go to school for little to no cost. They earned that opportunity,” he wrote.

He urged political leaders to “adequately consider the life-changing decisions service members make for our country and honor their service in this debate.”

Can President Biden forgive the $1.7 trillion in student loans — or a substantial fraction of it — even though that will stick taxpayers with a huge bill, and massively increase the national debt? Andrew Gillen of the Texas Public Policy Foundation says no, although Biden will probably try to do so anyway (even though that would be such a clear violation of the law that Charles Cooke of the National Review says would be an impeachable offense. Alas, it is not clear who would have legal standing to sue over such a violation. Even if something is illegal, it still can’t challenged in court if no one has Article III standing to sue over it. Moreover, the Democratic-controlled Congress is obviously not going to impeach Biden, their party leader, even if he illegally gives away taxpayers’ money.).

LU Staff

LU Staff

Promoting and defending liberty, as defined by the nation’s founders, requires both facts and philosophical thought, transcending all elements of our culture, from partisan politics to social issues, the workings of government, and entertainment and off-duty interests. Liberty Unyielding is committed to bringing together voices that will fuel the flame of liberty, with a dialogue that is lively and informative.


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