Washington Democrats’ student loan cancellation initiatives transfer this debt to millions of college grads who faithfully paid off their college loan debt…. and further transfers it onto the backs of working-class Americans who did not attend college and did not take on these education debt obligations.

This is all being done to buy votes – and create long-term party loyalty.

Washington Republicans, meanwhile, have no plan to provide commensurate benefits for college grads who did pay off their student loans, and for working-class Americans who did not take on college loan debt, but will now be required to pay those very debts for others.

Washington Republicans, amazingly enough, have no plan to balance out this injustice, win over the hearts and minds of voters, create a foundation for long-term party loyalty. And benefit America in untold numbers of ways…

Note: Main Street America Republicans have the perfect alternative …

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President Biden’s Transfer of Other People’s Debts To You

ZeroHedge, Feb 23, 2024 |  Authored by Rob Natelson via The Epoch Times – Excerpts:

“A rage … for an abolition of debts … or for any other improper or wicked project ….” – James Madison, Federalist No. 10

The courts, in the exercise of what is called “equity jurisdiction,” have long excused borrowers from obligations incurred through fraud, duress, and other forms of creditor unfairness.

In addition, federal bankruptcy laws (authorized in the Constitution by Article I, Section 8, Clause 4) offer a path to safety for debtors who get in over their heads.

President Joe Biden’s “student loan forgiveness” measures qualify as neither. Instead, they are classic examples of what James Madison called an “improper or wicked project.”

Under the president’s program, no debtor will have to declare bankruptcy. And far from being victims, they already have enjoyed the benefit of very favorable loan terms at taxpayer expense. The borrowers spent the money for what both they and the federal government thought was a good purpose….

Madison called debt cancellation “improper or wicked” for very good reasons. Cancellation does not abolish an obligation. It merely transfers it to innocent people. If you are reading this, chances are that you will be one of those victimized by the Biden program.

Cancellation also injures the capital markets. In other words, it makes creditors less likely to lend on favorable terms. This makes it harder for deserving people to borrow.

Cancellation damages the sense of personal responsibility. It frays the social fabric by creating bitterness between different classes of people.

Nevertheless, for centuries demagogues have used debt-cancellation to buy votes. They then find ways to exploit the resulting bitterness for political advantage….

Moreover, the Constitution did not authorize (and does not authorize) the federal government to guarantee loans for adolescents so they can swell the coffers of universities, or of any other constituency of the National Democratic Party.

Further, as Madison suggested in Federalist No. 10, the Founders did not believe that a single special interest (in this case the universities and their former students) could become powerful enough to generate this kind of self-serving measure at the federal level….

Conclusion – History demonstrates that attempts to “cure” a problem by exceeding the federal government’s constitutional powers generally lead to more and worse problems. The federal student loan program is a good example.

In an attempt to make college more affordable, the program has had precisely the opposite effect: The flood of federal money has greatly inflated the cost of tuition. It also has created a generation of debtors, and added billions to the national debt.

Now the president’s administration of the student loan program threatens to victimize hundreds of millions of innocent people by imposing on them an obligation they did not incur—and from which they in no way benefited…..

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The Leviticus 25 Plan will: 1) Provide tangible commensurate (or better) financial benefits to college graduates who faithfully paid off their college loan debt, and to working-class Americans who by-passed college and took on no student loan debt; 2) Activate long-term economic growth – and improved job market opportunities; 3) Reduced interest rates, improving home affordability; 4) Generate $112.6 billion federal budget surpluses (2025-2029).

The Leviticus 25 Plan is ‘hands-down’ the most powerful economic acceleration plan in the world.

Washington Republicans need to get on board – pronto.

The Leviticus 25 Plan is a dynamic economic initiative providing direct liquidity benefits for American families, while at the same time scaling back the role of government in managing and controlling the affairs of citizens.  It is a comprehensive plan with long-term economic and social benefits for citizens and government.

The inspiration for this plan is based upon Biblical principles set forth in the Book of Leviticus, principles tendering direct economic liberties to the people.

The Leviticus 25 Plan – An Economic Acceleration Plan for America

$90,000 per U.S. citizen – Leviticus 25 Plan 2025 (11672 downloads )