Ep036 - Biden "cancels" student debt to get votes

Rant incoming: Biden is trying to forgive student loan debt...again. The democrats are pretending the Supreme Court didn't already say this was illegal and now President Biden's is proposing the SAVE (Saving on a Valuable Education) repayment program. This initiative, pegged at an eye-watering $475 billion over the next decade, follows closely on the heels of the Supreme Court's dismissal of Biden's previous HEROES act attempt, which was already a hefty $430 billion proposal. The Court's decision, which criticized the executive branch's overreach in unilaterally transforming significant sectors of the American economy, casts a long shadow over the legality and feasibility of Biden's new strategy. Through the episode, I unravel the complexities of this issue, from the Supreme Court's stance to the political promises that often outstrip the executive's actual powers, shedding light on the legal and ethical quagmire of erasing billions in student debt. Beyond the legal battles, I explore the broader implications of such sweeping debt forgiveness policies. With Biden having already cancelled $146 billion in debt for 4 million Americans, I question the impact and fairness of these policies against the backdrop of a country where the majority have not attended college, and a significant portion of the debt is held by individuals with higher degrees who arguably have the means to repay. This exploration is not just about the legality or the numbers; it's a deeper inquiry into the very notion of a student loan "crisis" and the true crisis at hand - the spiraling cost of higher education and the diminishing value of college degrees.