That’s the view from CATO’s Neal McCluskey in an editorial in the Union Leader of New Hampshire. It’s an excellent article that looks at the Democratic measure to cut student loans in half, which is expected to be voted on today, and the lines many have used to support the plan.
McCluskey’s closing line is right on target:
The answer is politics, pure and simple. Politicians must have votes,
and the best way to get them is to bribe as many Americans as possible.
So they offer as much aid to as many people as they can, and give
themselves endless credit for helping all citizens fulfill the American
Dream. The political payoff is immediate, and besides, they figure,
when things get worse there will always be another First 100 Hours to
do it all again.
