Rooney Vera: Student Loan Forgiveness Is ‘A Blatant Government Ploy to Buy Votes Ahead of the November Elections’

RUSH EXCERPT:

VERA: "I think this is another example of distortive government intervention that ends up hurting the very people whose votes they’re trying to effectively buy. This is a moral hazard as well, so somebody’s not to pay for it, and it’s going to be, guess who? The taxpayers. Nothing is free, so every government handout or giveaway that occurs, somebody has to pay for it. And the moral hazard aspect, neil, is that the student who’s going to be going to college will get the imlegs that there’s a government backstop. So he or she is going to indebt himself more and handicap their future even further, expecting this to continue. Which it effectively cannot. So I think a major issue especially in an inflationary environment, neil, where we have inflation at nearly 8.5%, the highest in 40 years. You know, it’s very silly, I think, and I think it’s a blatant government ploy to buy votes ahead of the November elections."