Obama's Foolish New Student Loan Forgiveness Policy

George Leef

Recently, Secretary of Education Arne Duncan said that the new policy of forgiving student loan debts for those who "follow their heart" and enter public sector employment will do wonders for the U.S.

In this week's Pope Center Clarion Call, I say that it's utter nonsense. Public sector employment pays very well and gives much greater job security than those who labor in the competitive world. A very large number of college graduates want those government jobs and forgiving some of their student loan debt because they've worked at them for ten years is just a gift from the overburdened taxpayers.

One more thing -- with the private sector (where wealth is produced, unlike the government) struggling these days under the many burdens and obstacles the government has put in its way, shouldn't we worry about the government luring away talented people it needs?

  • Share

Most Commented

May 15, 2015

1.

Where Did We Get the Idea That Only White People Can Be Racist?

A look at the double standard that has arisen regarding racism, illustrated recently by the reaction to a black professor's biased comments on Twitter....

December 22, 2020

2.

From John David to David Acevedo: Why I’m Leaving Behind My NAS Pseudonym for Good

In this piece, NAS Communications & Research Associate David Acevedo, formerly known as John David, recounts why he chose to write pseudonymously and why he has decided to go public...

February 17, 2021

3.

New ACLU Head Has a Civil Rights Problem Back Home

Deborah Archer is the new president of the American Civil Liberties Union, but she doesn't exactly have a history of protecting civil rights at her other workplace, NYU Law....

Most Read

May 15, 2015

1.

Where Did We Get the Idea That Only White People Can Be Racist?

A look at the double standard that has arisen regarding racism, illustrated recently by the reaction to a black professor's biased comments on Twitter....

March 8, 2021

2.

How Many Confucius Institutes Are in the United States?

Updated 3/8/2021: We're keeping track of all Confucius Institutes in the United States, including those that remain open, those that closed, and those that have announced their clos...

March 2, 2021

3.

Tracking "Cancel Culture" in Higher Education

UPDATED 3/2/21: A repository of 128 administrators, professors, and students who have been "canceled" for expressing views deemed unacceptable by higher education ideologue...