Those of us that have been to college and used student loans and payed them back dutifully and gruelingly and those that paid their way by working and sacrificing and even those that never went to college are going to have to be burden by taxes of those too lazy, too stupid to analyze the job market and acquired degrees that are virtually useless. Both these memes illustrate our frustration and anger that we “Boomers” are complaining and voicing outrage. One has to wonder if in this “order” that those of us will be “forgiven” of our loans and be refunded the principal and interest, fees and any penalties incurred during the loan servicing? Probably not. I personally witnessed those that had taken basket weaving of lesbian persuasion and gender black studies take extended European vacations, and skiing trips over Christmas holidays and partied all weekend and those are the people hired at woke companies and can buy that EV, but not pay the loan. The rest of us worked our asses off and graduated as close to debt free as we can, due to the inflated costs of edumacation. Below my thesis is a post from Vox Populi, voxday.net where his argument, we boomers are crass and plain wrong about these dead beats shouldn’t be paying, a Jubilee as it where… you decide. Only item I agree with his argument is student loans are a scam and should never been legal in the first place.

A Good Start

Fake President Biden announces the first step in what we can hope is a path to forgiving all student debt and banning all student loans.

The president will forgive debts of up to $20,000 dollars for students who o went to college on Pell grants and $10,000 for students who did not receive Pell grants. Debt forgiveness only applies to individuals earning less than $125,000 or couples filing joint earnings of $250,000.

Don’t make the mistake of defending the wrong thing because bad or stupid people happen, for whatever reason, to be doing the right thing for a change. Student debt is a scam, it should never have been legal in the first place, and the law preventing student debt from being discharged.

Make no mistake: if you’re on the side of the bankers and the Boomers and the universities here, you are absolutely and without question choosing the side of evil. And there is no amount of solipsistic argumentum ad personalem is going to make your argument any more convincing or moral, or any less economically ignorant and churlish.

Don’t forget the Parable of the Unmerciful Servant either.

Then the master called the servant in. ‘You wicked servant,’ he said, ‘I canceled all that debt of yours because you begged me to. Shouldn’t you have had mercy on your fellow servant just as I had on you?’ In anger his master handed him over to the jailers to be tortured, until he should pay back all he owed.

And FFS, discharging debt is not inflationary, so don’t even think about trying to cite that sort of media ignorance at anyone. In a credit money economy, debt-forgiveness is literally deflationary.

UPDATE: Stonetoss shows how to silence the Boomercon critics.