We are fortunate that our country provides unlimited educational opportunities for individuals to reach their potential and improve our society. Productivity, efficiency, and stability increase with a viable skilled and educated population and makes us stronger global competitors. Student loan forgiveness is investment in our country’s future economic growth.
Student debt cancellation will reduce the financial burden for about 45 million families, far beyond Trump’s Tax and Jobs Act of 2017 which favored the wealthy. Where were the objectors when thousands of dollars generously benefitted a small group of billionaires? Almost 90% of Biden’s student debt cancellation will go to borrowers earning less than $75,000.
Balking at student loan reduction is cherry-picked opposition since our taxes are used for a multitude of public services. Citizens with celiac disease pay taxes to subsidize wheat farmers and people with soy allergies sponsor soy crops. Pacifists pay for war and vegetarians pay for beef inspection. Not everyone benefits from every service but we are a stronger nation when we improve each other’s lives.
Evelyn Gallegos
Brighton
