A kettle of progressive Democrats is demanding that President-Elect Biden issue an executive order extinguishing student debt in the first week of his reign. Past and present students currently owe $1,700 billion (yes that is $1.7 trillion). Since 2006, student debt has expanded by 253.4%, while income to pay the debt has advanced by one-third that pace, or 79.8%. But there are clear problems and benefits of such action.
Thursday, December 17, 2020
Thursday, October 15, 2020
In an effort to bolster the likelihood of his election, presidential candidate, George H.W. Bush proclaimed “Read my lips, no new taxes” at the 1988 Republican National Convention. In sharp contrast, 2020 Democrat presidential hopeful, Joe Biden essentially shouted, “Read my lips, more new taxes.” Biden argues that the U.S. economy needs more spending, and requires more taxes.