Student Debt, Round Two

are you a friend or an enemy?

Here we go on the Dem’s latest wizard wheeze: canceling student college debt.

First, there’s a “new group” going after “vulnerable Republicans” in the House of Representatives.

“Working people burdened with student debt are mad as hell over the hypocrisy of treating conservative billionaires one way and those striving for the middle class another,” said Randi Weingarten, president of the American Federation of Teachers, in a press release.

Conservative billionaires? Am I missing something?

Then the latest Thing is to forget student loan forgiveness. what we need is universal post-secondary education.

the U.S. body politic should agree that government has an obligation to help young Americans navigate the perilous straits that run between high school and entering adulthood, with an ambitious ‘new deal’ that offers tuition- and debt-free traditional university education to those who desire one, but different kinds of opportunities … for those seeking a different path.”

Do you see what is going on here? On the one hand, we have the Enemy: those conservative billionaires and their bribed Republican apologists in Congress. (Conservative billionaires? I thought that all the billionaires were onboard with WEF, climate change and ESG.)

On the other hand, we have good noble Democrats ready to hand out the loot to their Friends so that every kid can get the post-secondary education of their choice. At public expense — no doubt the expense of conservative billionaires, and serve them right.

That’s politics for you. Dish out the goodies to your friends and supporters, because justice, and string up the dastardly enemy on a pike, because injustice.

Really, what cold go wrong? We ramp up the spending programs from green energy to free college, we tax the rich, and we all live happily ever after.

As I think back over my adult lifetime, I realize that we are repeating the era that started in the Sixties. With the spending binge of the Great Society we were going to transform society. But the Vietnam guns and the Great Society butter added up to ten percent inflation in the late 1970s, and so we got Ronald Reagan and tax cuts and Volcker interest rates. It worked so well that Democrats reinvented themselves as New Democrats that weren’t pedal-to-the-metal spenders, oh no. But then we got the Lightbringer Obama and Obamacare. And then Trump, OMG!

And now, it seems our Democratic friends are desperate to pass everything they can think of before…

Yes, before what?

I can see the strategy here with the student loan issue. Dems want to nail down the educated-woman vote.

But, I wonder what the educated women will think if there’s a stagflation recession next year, and the price of Chablis goes into the stratosphere. My guess is that the wine women will still vote for Democrats, but maybe not as enthusiastically as in the olden time.