Trump Admin Ends Student Loan 'Leniency,' Finds More Money for Wars
Bloomberg's piece focuses on the 'end of leniency' for student borrowers, highlighting the financial squeeze on millions of Americans. Yet, the same political establishment, including during the Trump administration, found unlimited 'leniency' for defense contractors and foreign military aid. For instance, in 2020, even amidst a pandemic and domestic economic distress, the Trump administration
approved a record $2.4 billion arms sale to Taiwan and continued robust military aid packages globally, including to Israel. (Source: Department of Defense, DSCA.mil). While a paltry $10,000 in student loan forgiveness sparked outrage in certain circles, billions for bombs never seems to raise an eyebrow. One might wonder if the 'era of leniency' simply shifted targets. Are we to believe the
federal budget is suddenly so tight that a generation's financial well-being must be sacrificed, yet somehow always expands for the latest weapon system? It appears America's fiscal conservatism is highly selective, applying with vigor to education and healthcare, but perpetually flexible when it comes to conflict and its associated profits.