Further inspiring pessimism in the state of American public education, teachers union president Randi Weingarten had a bizarre meltdown at the Supreme Court over people not wanting to have to pay off other people’s student loans.
"And frankly, and this is what really pisses me off," Weingarten said. "During the pandemic, we understood that small businesses were hurting, and we helped them, and it didn’t go to the Supreme Court to challenge it. Big businesses were hurting, and we helped them, and it didn't go to the Supreme Court to challenge it." Of course, the primary difference here is that no one is forced to go to college, while businesses were forced to close against their will, destroying millions of livelihoods in the process for no clear public health benefit. Weingarten is comparing someone paying for their own choices to someone being kicked off a boat and handed a barely-functioning raft.
She continued; “All of a sudden, when it’s about our students, they challenge it, the corporations challenge it, the student loan lenders challenge it," complaining about the challenge to Biden’s authority to cancel debt, which even Biden previously questioned he had. "That is that not right, that is not fair, and that is what we are fighting as well when we say cancel student debt. This is about the people, and it is about the people's future, and it is about all of your futures."
Watch below:
An analysis of a prior student debt forgiveness plan pitched by Senator Elizabeth Warren revealed that most of the benefits of such forgiveness would go to higher earners, as even with pell grants and other benefits available that target the poor, it’s still the case that it’s mostly those from middle-to-upper class backgrounds that go to college.
According to the Brooking’s Institute: “the top 20 percent of households would receive about 27% of all annual savings, and the top 40% about 66%. The bottom 20% of borrowers by income get only 4% of the savings. Borrowers with advanced degrees [Master’s degree or higher] represent 27% of borrowers, but would claim 37% of the annual benefit.”
As such, student debt forgiveness creates a scenario where lower earners who didn’t go to college are paying off the debt of the higher earners who did.
Matt Palumbo is the author of Fact-Checking the Fact-Checkers: How the Left Hijacked and Weaponized the Fact-Checking Industry and The Man Behind the Curtain: Inside the Secret Network of George Soros
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