Student Loans

Republics flounder when people sacrifice character for free stuff.

Ancient politicians bought citizens’ votes with cheap food and entertainment. Yet even though this practice contributed to the decline and fall of the Roman Republic, modern politicians still use it. On August 24, Joe Biden announced that the government would forgive $10,000 in student loan debt for those earning less than $125,000 per year and $20,000 for those who had received Pell grants for low-income families. So, 43 million borrowers could soon see their student loans dramatically reduced, and many will no doubt show their appreciation by voting for the Democratic Party.

Read more at “Bread, Circuses and Student Loans”

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