{"id":83194,"date":"2022-08-25T07:00:00","date_gmt":"2022-08-25T12:00:00","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=83194"},"modified":"2022-08-25T06:15:34","modified_gmt":"2022-08-25T11:15:34","slug":"buyin-time","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=83194","title":{"rendered":"Buyin’ Time"},"content":{"rendered":"\n

You knew it was coming. And here it is — student loan “forgiveness,” baby<\/a>:<\/p>\n

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President Joe Biden announced Wednesday that he will forgive $10,00 in federal student debt for most borrowers, fulfilling a campaign pledge and delivering financial relief to millions of Americans.<\/p>\n

Biden will cancel up to $20,000 for recipients of Pell Grants.<\/p>\n

\u201cBoth of these targeted actions are for families who need it the most,\u201d the president said in remarks from the White House on Wednesday afternoon.<\/p>\n<\/blockquote>\n\n\n\n

I love the smell of moral hazard in the morning. But if there’s a cohort of our society that really loves this sort of thing, it’s the folks who assumed their “Studies” degree was their ticket to the carriage class. The donks long ago realized they have neither reason nor incentive to bestow other people’s resources on the working class or the small business dudes, because they aren’t picking up the check at Le Diplomate. The “S” in an S corporation now stands for suck it.<\/p>\n

At this point, the game is evident even to those who’d rather not think about politics — helping the commonweal is right out. Higher education is the best thing the donks have going and subsidizing their efforts is the highest and best use of other people’s money. And if you look at the price tag, you’re probably a denier. And if you paid your own way to go to trade school, you’re a chump. The rewards go to Derrida, not derring-do.<\/p>\n

The timing is crucial here — there’s no question this move will piss off millions of potential voters, but there’s also no question that we’ll all be getting a steady supply of ether from the Alliance for a Better Minnesota and the constellation of like-minded political action groups flattering the Studies majors from Olaf and Kenyon and Swarthmore (and Eau Claire and Bemidji, too) that despite everything, they are actually part of the in-crowd. The checks will clear in plenty of time for the clientele, but the unwilling benefactors will be too busy trying to make payroll to get out and door knock.<\/p>\n

But hey, have a nice day!<\/p>\n

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You knew it was coming. And here it is — student loan “forgiveness,” baby: President Joe Biden announced Wednesday that he will forgive $10,00 in federal student debt for most borrowers, fulfilling a campaign pledge and delivering financial relief to millions of Americans. Biden will cancel up to $20,000 for recipients of Pell Grants. \u201cBoth […]<\/p>\n","protected":false},"author":358,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[324,321,323,309,434],"tags":[],"class_list":["post-83194","post","type-post","status-publish","format-standard","hentry","category-big-education","category-big-left","category-big-leftymoney","category-indoctrinate-u","category-mr-d"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/83194","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/358"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=83194"}],"version-history":[{"count":6,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/83194\/revisions"}],"predecessor-version":[{"id":83200,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/83194\/revisions\/83200"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=83194"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=83194"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=83194"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}