Forgiving Your Student Loans Will Actually Cost You More - A lot More! - Granite Grok

Forgiving Your Student Loans Will Actually Cost You More – A lot More!

burning paper flames Image by _Alicja_ from Pixabay

If you fell for the pyramid scheme of modern higher learning, that’s your fault. An overpriced (increasingly) useless degree paid for with a loan that’s part of another Democrat campaign laundromat. And now you’re yelping for a bailout? Clearly, that degree is more useless than I imagined. You can’t even do simple math.

Since long before Obama, the Fed and the swamp have been fiddling with cheap money. Since Obama, the Fed and the Government have printed and spent trillions more than ever before. When GWB left office, the national debt was about 10.7 trillion. It is now hovering at 30 trillion and rising.

Not free money. And it has devalued the money there is (inflation). A problem that gets worse the more debt you add. Forgiving student loans will add another large pile to that one, all requiring interest paid—a reckoning.

Forgiving student loans will cost you exponentially more.

Interest rates must go up eventually to prevent a complete collapse of the economy. That’s the one where the government has no money to keep any promises it made to the homeless, minority job creators, women, veterans, foreign allies, states heavily dependent on federal cash like mine, and everyone but the people running the shit show.

The missing money at the state level will have to come from somewhere, services sacrificed.

You will need to pay the interest on the National Debt as well as the debt.

You, a young person begging for a student loan bailout, will pay it many times over. It will come calling in every corner of your life for as long as you live. And that useless degree won’t even be worth the paper on which it might be printed.

When you give degrees out like federal dollars, they too lose value. If your degree isn’t in something practical that this sort of economy needs or requires, it has even less value.

You could burn it to stay warm, assuming you can find something to burn besides that degree. Paper money, if you can find some? Put it to good use.

That’s the economy of your future unless you step back and realize that as oppressive and unfair the crime passing itself off as your college education may be, a future where those loans are forgiven (at taxpayer expense) comes with a much higher price.

A cost you won’t be able to escape and that no one will be able to forgive.

One more point. Just like any entity that takes federal dollars, be they states, labs, NGOs, or anyone – if you let the Feds pay your student loans, it won’t be free. They will want something from you in return.

 

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