When the President decided to forgive $10,000 of student debt for everyone anyone earning below $125,000, he opened a very slippery slope of government bailouts.
If we continue to borrow from the future, we run the serious risk of becoming a society totally devoid of personal responsibility.
Worse still, we end up taxing future generations to pay for our indulgences, and may destroy the Dollar as a currency along the way.
You can read this article online here: https://contrarianedge.com/a-value-investors-analysis-of-student-loan-forgiveness/
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