Cole: Biden’s student loan bailout - A benefit for some at the expense of many American taxpayers
Last week, President Joe Biden unveiled a plan to unilaterally erase a wide swath of certain federal student loan debts.
Not only is such action completely unfair to millions of Americans who do not have student loans or already paid them off, but it will also add hundreds of billions of dollars more to the national debt.
This move will ultimately drive our country deeper into a recession in the days and months ahead and could permanently damage the American psyche for generations to come.