“A government big enough to give you everything you want is a government big enough to take away everything that you have.” -President Gerald Ford.
Sorry, I have little sympathy for these folks that actually bought in the Obama Administration idea that IF you work for government after graduation or for a non-profit, your school debt would be “forgiven” after 10 years of working in one of those two capacities. We’ve seen that govt jobs, at least at the Fed level, have compensation levels well above the private sector when everything is all in. Also, don’t let anyone kid you but national level non-profits may not make profits but that doesn’t mean that compensation levels are “low”. So who will be catching this remaining debt in the shorts when those first 10 years finally accrue? Yeah, us private sector taxpayers as SOMEBODY has to pay for that now over $1 Trillion of student debt….OH WAIT! (reformatted, emphasis mine):
400,000 were promised student loan forgiveness. Now they are panicking
More than 400,000 student loan borrowers may have placed their faith in a government program with an uncertain future.
The Public Service Loan Forgiveness Program promises to cancel any remaining student debt for those who work for the government or nonprofits if they have been making on-time payments for 10 years. Many teachers, public defenders, Peace Corps workers, and law enforcement officers fit the qualifications. This October marks the 10th year of the program and the first time anyone will have made enough payments to get their debt wiped away. It’s unclear how much the program will cost the government when its starts to forgive those debts.
They never learned the lesson that what a law gives under one Administration can be yanked by another one. But then again, most people working in government or non-profits are of the Leftward persuasion – of COURSE they trust Govt implicitly. Even when they can’t believe what they see. Heh! You know what you call a liberal that’s been mugged, right?
Frankly, I’ve always been incensed with this program –



