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 1, 2017

1.

Binghamton University Responds to NAS’s Report

SUNY Binghamton offers critiques and corrections to Outsourced to China. ...

March 23, 2011

2.

Looking for Answers? Ask a Scholar!

NAS is partnering with Intellectual Takeout to answer questions that call for scholarly judgment and can't be answered by Wikipedia. ...

September 5, 2014

3.

Post Traumatic Slave Syndrome

"[PTSS] provides an evidence-proof explanation that lifts away moral responsibility from those engaged in self-destructive, anti-social, and criminal behavior."...

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....

June 15, 2020

2.

See Clearly, Decide Wisely, Act Justly

An Open Letter to the Converse College Community in response to its administrative decisions relating to diversity and inclusion on campus. ...

April 9, 2018

3.

How Many Confucius Institutes Are in the United States?

Download an updated PDF that lists all of the Confucius Institutes in the United States, along with information on who to contact if you have concerns....