Rob's Soapbox - Why Stop There?

<p>As the Biden Administration continues to swirl downward and circle the toilet bowl of history, it continues to dig its’ collective fist deeper and deeper into its’ almost empty bag of tricks to find something, anything, that will stop the bleeding of the lowest approval rating in the history of all American Presidents.</p><p>Enter the re-emergence of floating the idea of forgiving student loan debt.</p><p>92% of all student loans are owned by us…the United States Government. Thus, our elected leaders have the ability to say “you no longer owe us,” and simply add it to the national debt.</p><p>As you can imagine, this is a very popular idea with young people who have large student loan debt. This is how desperate the administration is; they’re considering pandering to the group of voters that vocally supports them overwhelmingly yet never, ever, shows up to vote on election day. Of all voters aged 18-29, never have more than 18% of them shown up, and that was their high watermark in 2008 when they ushered President Obama into the Whitehouse by increasing their turnout by a whopping 1% over 2004. The youth vote is a fallacy that Democrats keep chasing and never catching, but at this point, they’ll take anything, thus the trial balloon of forgiving part or all of peoples’ outstanding student loan debt. <a href="https://www.pewresearch.org/2008/11/13/young-voters-in-the-2008-election/" rel="noopener noreferrer" target="_blank">https://www.pewresearch.org/2008/11/13/young-voters-in-the-2008-election/</a></p><p>There are multiple problems with this idea, starting with the least important and least interesting one; nothing is free. While this is true, it doesn’t move the needle. America has spent 20 years being told our national debt is out of control and our grandchildren will pay for it (or our currency will crumble a la Greece) and no one cares at all. It’s too heady, no one understands it, and it’s not happening to us right now, which is all most Americans care about or can process intellectually. As the