James Lambert
Biden & Dems' plan to cancel college student debt clearly has negative consequences
FacebookTwitter
By James Lambert
April 25, 2022

With the federal national debt now hovering around $30 trillion dollars, it should be clear to most of us that this growing national debt is ultimately bad for our country.

Already the cost of college is way over the top. I have friends who have paid over $60,000 a year for their son’s or daughter’s college education. As someone who was once on a state college board, I know that (CA. state) professors are making over 120,000 a year (and much more in many cases).

My simple question is: what, if any, keeps our colleges from keeping their student academic costs down? If anything, the annual or semester cost consistently increase every year. The costs of college education have become so expensive that most of us have to borrow (federal and private) money to put our children through college.

If the federal government persists on paying off federal financed student loans, this will only encourage college and university boards to increase their annual tuition fees. They will reason that if the government eliminates student debt, their students could now clearly afford higher tuition. This only makes sense to them.

But what the public doesn’t realize is that this debt payment (estimated at around $1.6 trillion) will only hurt the public at large. There will come a time when interest rates will continue to increase to the extent where the government WILL HAVE TO increase federal taxes.

Along with the prices of goods and services increasing due to inflation, this (federal tax increase) will sincerely hurt our economy. Clearly, this is an effort by Democrats and the Biden Administration to buy votes from parents of college / university students.

Already, we’ve have discovered by polls that most colleges have professors who profess to have liberal leanings and are supporters of the Democrat party. Well over 75% of today’s colleges have professors that lean to the left. Is it any wonder that they support this initiative?

Biden’s initiative should be stopped. I encourage you to make a simple call to your local House of Representative Congressional member or U.S. Senator and voice your opinion. Call the Congressional operator at (202) 224-3121 and name the Congressional Representative or Senate office you wish to call. They will transfer you over to their number. If a person from their office does not answer the phone you can, at least, leave a message and voice your opinion.

Certainly, it is worth taking 5 minutes out of your day to do this … thanks!

© James Lambert

 

The views expressed by RenewAmerica columnists are their own and do not necessarily reflect the position of RenewAmerica or its affiliates.
(See RenewAmerica's publishing standards.)

Click to enlarge

James Lambert

James Lambert has a broad business background. After receiving his undergraduate degree from Linfield College (McMinnville, Oregon), Lambert pursued a career in banking by working in various management capacities for Crocker Bank, San Diego Trust & Savings Bank and First Interstate Bank (between 1973 and 1995). By 1990 Lambert received his Master in Business Administration from National University (San Diego). For 3 years, Lambert also taught Finance at Mira Costa Community College... (more)

Subscribe

Receive future articles by James Lambert: Click here

More by this author

March 19, 2024
It’s time to get a Republican (like Steve Garvey) elected to the U.S. Senate in CA. It’s been 30 years!


January 28, 2024
Summer Camps are usually a very good experience for young boys & girls


January 9, 2024
U.S. federal debt is a serious impending national problem


December 18, 2023
Economic Disaster: Democrats are determined to end sale of new gas-powered autos by 2034


September 24, 2023
Why illegal immigration negatively affects our country


August 14, 2023
Remembering a nice friend from my teen days who sadly passed away recently


August 1, 2023
Gavin Newsom has taken action to fully eliminate oil extraction in California


May 30, 2023
Newsom & Democrats eliminate the freedom of dealers to sell gasoline powered equipment


April 10, 2023
Over 60 years: 7 heartwarming San Diego team appearances at National Championship games with only 1 win


March 10, 2023
Dems ‘Amnesty Plus’ Senate proposal would have disastrous results


More articles

 

Stephen Stone
HAPPY EASTER: A message to all who love our country and want to help save it

Stephen Stone
The most egregious lies Evan McMullin and the media have told about Sen. Mike Lee

Siena Hoefling
Protect the Children: Update with VIDEO

Stephen Stone
FLASHBACK to 2020: Dems' fake claim that Trump and Utah congressional hopeful Burgess Owens want 'renewed nuclear testing' blows up when examined

Jerry Newcombe
A politically-incorrect prayer

Victor Sharpe
Who truly deserves a state? The Kurds or the Palestinians?

Pete Riehm
Father's Day: When men sing!

Cherie Zaslawsky
RFK Jr.: The silver-tongued spoiler

Randy Engel
A documentary: Opus Dei and the Knights of Columbus – The anatomy of a takeover bid, Part VIII

Linda Goudsmit
CHAPTER 22: What Is Social Justice?

Stephen Stone
A Song for Independence Day: ‘Have You Been To My Hometown?’

Rev. Mark H. Creech
From ancient idols to modern misconceptions: The call to worship only God

Michael Bresciani
Pride Month – Are we proud of the decimation, disfigurement, and death of children?

Tom DeWeese
The second great Colorado land grab

Matt C. Abbott
Dealing with the Dobbs backlash

Ronald R. Cherry
Book Review: Left Imperialism – From Cardinal Richelieu to Klaus Schwab, by Gary Gindler
  More columns

Cartoons


Click for full cartoon
More cartoons

Columnists

Matt C. Abbott
Chris Adamo
Russ J. Alan
Bonnie Alba
Chuck Baldwin
Kevin J. Banet
J. Matt Barber
Fr. Tom Bartolomeo
. . .
[See more]

Sister sites