{"id":1456268,"date":"2022-04-28T07:46:21","date_gmt":"2022-04-28T11:46:21","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1456268"},"modified":"2022-04-28T07:46:28","modified_gmt":"2022-04-28T11:46:28","slug":"flashback-hardworking-iowa-dad-explains-why-making-taxpayers-pay-off-student-loans-is-unfair","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/flashback-hardworking-iowa-dad-explains-why-making-taxpayers-pay-off-student-loans-is-unfair\/","title":{"rendered":"FLASHBACK: Hardworking Iowa Dad Explains Why Making Taxpayers Pay Off Student Loans Is Unfair"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fflashback-hardworking-iowa-dad-explains-why-making-taxpayers-pay-off-student-loans-is-unfair%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1456268&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/04\/Elizabeth-Warren-Iowa.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>President Joe Biden signaled willingness this week to force taxpayers to pay off student loans once the pandemic-era pause on payments expires on Aug. 31 after more than two years and multiple extensions. In January 2020, one working-class father went viral for reminding voters why debt forgiveness was unfair.<\/p>\n<p>At a Monday meeting with the Congressional Hispanic Caucus, Biden reportedly told lawmakers an executive order to unilaterally sign off on a massive private debt bailout is potentially in the works, <a href=\"https:\/\/www.washingtonpost.com\/politics\/2022\/04\/26\/biden-cancel-student-loans\/\">according<\/a> to members in attendance who spoke to the Washington Post. <\/p>\n<p>White House Press Secretary Jen Psaki confirmed the president was considering forcing taxpayers to pay off student loan debt, telling reporters Monday Biden \u201cwould make a decision about any cancellation of student debt before the conclusion of the pause on student loans.\u201d<\/p>\n<p>Questions about the constitutionality of this idea aside, the idea of a broad bailout questions who the modern Democratic Party has come to serve. Spoiler: it\u2019s not the low-income minority families they claim.<\/p>\n<p>According to a new <a href=\"https:\/\/www.brookings.edu\/wp-content\/uploads\/2022\/01\/WP75-Looney_updated_1.pdf\">study<\/a> from the left-leaning Brookings Institute out in January, University of Utah economist Adam Looney revealed \u201cstudent debt is concentrated among high-wealth households\u201d where \u201cacross-the-board forgiveness is therefore a costly and ineffective way to reduce economic gaps by race or socioeconomic status.\u201d <\/p>\n<p>With more than $<a href=\"https:\/\/educationdata.org\/student-loan-debt-statistics\">1.7 trillion<\/a> in outstanding education debt, any major form of federal cancellation is nothing short of a giveaway to the upper classes that can only worsen the underlying problem exacerbated by government subsidies in the first place. <\/p>\n<p>While running for the Democratic presidential nomination in Iowa, a snarky Massachusetts Sen. Elizabeth Warren, who made student debt bailouts a hallmark of her campaign, appeared shocked when asked by a voter whether her plans would offer compensation for the responsible families who worked overtime to pay off their own student loans. <\/p>\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-embed-handler wp-block-embed-embed-handler wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<span class=\"nB6x0b5vgok48waUN1jwErvFyedgYNcf9S2azQFrimK7zAt3DTuLu4VoT0ORUiIjYeBqPsM\"><\/p>\n[embedded content]\n<p><\/span>\n<\/div>\n<\/figure>\n<p>\u201cMy daughter is getting out of school. I\u2019ve saved all my money. She doesn\u2019t have any student loans. Am I going to get my money back?\u201d he asked. <\/p>\n<p>\u201cOf course not,\u201d Warren said. <\/p>\n<p>\u201cSo you\u2019re going to pay for people who didn\u2019t save any money and those of us who did the right thing get screwed,\u201d he said. \u201cMy buddy had fun, bought a car, went on vacations. I saved my money. He made more than I did. But I worked a double shift, worked extra. My daughter worked since she was 10. So, you\u2019re laughing\u2026 \u201cWe did the right thing and we get screwed.\u201d<\/p>\n<p>How much Biden wants to put on taxpayers\u2019 books remains unclear. While more restrained during the primaries compared to his opponents\u2019 plans, the president <a href=\"https:\/\/thefederalist.com\/2021\/02\/25\/joe-biden-wants-to-make-you-pay-off-rich-peoples-college-debt\/\">previously called for <\/a>congressional legislation to \u201cimmediately\u201d wipe out $10,000 off every person\u2019s student loans as part of a pandemic spending bill. On Wednesday, Psaki said there were no plans to offer retroactive payments for those who already paid off their own debt.<\/p>\n<p>\u201cI don\u2019t have anything to preview on that front,\u201d Psaki told RealClearPolitics\u2019 Philip Wegmann.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/figure>\n<p>If Democrats wanted to reduce the debt burden, they\u2019d tackle inflationary tuition rates <a href=\"https:\/\/thefederalist.com\/2015\/08\/12\/hillary-clinton-higher-ed-and-the-paradox-of-subsidies\/\">fed<\/a> by generous government subsidies incentivizing the price hikes. At the end of the day, student debt forgiveness is just another subsidy, an expensive one at that, paid for by those who already paid their own tuition, or skipped university altogether. That\u2019s the vast majority of Americans.<\/p>\n<hr class=\"wp-block-separator\" \/>\n<p>\n  Tristan Justice is the western correspondent for The Federalist. He has also written for The Washington Examiner and The Daily Signal. His work has also been featured in Real Clear Politics and Fox News. Tristan graduated from George Washington University where he majored in political science and minored in journalism. Follow him on Twitter at @JusticeTristan or contact him at Tristan@thefederalist.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden signaled willingness this week to force taxpayers to pay off student loans once the pandemic-era pause on payments expires on Aug. 31 after more than two years<\/p>\n","protected":false},"author":494,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1456268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1456268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/494"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1456268"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1456268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1456268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1456268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1456268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}