James Lambert
Biden & Dems' plan to cancel college student debt clearly has negative consequences
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)


Receive future articles by James Lambert: Click here

More by this author

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

February 2, 2023
Homelessness is out of control, so is illegal immigration at our border

December 30, 2022
Congressional Dems' gov’t spending is out of control, which will hurt our young generation!

October 5, 2022
California continues to lead nation in gas prices – you can thank the Dems (who control the state) for that!

July 26, 2022
Congress continues to ignore national (fed) debt—resulting in negative consequences

June 11, 2022
Successfully guarding our border saves lives

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

March 27, 2022
Surge of illegal immigration along with our growing federal deficit will hurt our younger generation

January 2, 2022
Crime has significantly increased in Democrat-controlled municipalities across the nation

December 10, 2021
Wake up, California!

More articles


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

Cliff Kincaid
Banning TikTok won’t save America

Pete Riehm
Stumbling into war unaware and unprepared

Rev. Mark H. Creech
Revelation Chapter 11: The Temple and its Place in the Divine Economy

Peter Lemiska
An epidemic of gender dysphoria

Selwyn Duke
Ben Stein is right (sort of): Black Americans have 'never had it so good'

Cliff Kincaid
Arrest communists, not Trump

Jerry Newcombe
A walking miracle

Victor Sharpe
An unholy alliance – Saudi Arabia and Iran

Curtis Dahlgren
Ask for the old ways, wherein is life

Michael Bresciani
America’s woke: Professing themselves to be wise, have they become bumbling fools?

Pete Riehm
Biden bails out his banking buddies

Tom DeWeese
Founder David Becker leaves ERIC
  More columns


Click for full cartoon
More cartoons


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