The College Loans thing has come back up, as it will keep returning until either debtors are enslaved openly in America, or else the debt is forgiven, presumably by some socialist takeover that brings on mass starvation.
I prefer neither option.
My favorite “plan” to deal with the Student Loan Crisis is as follows: declare that most college degrees to be scams. Seize the university endowments to pay the debt. Forgive the students.
I am led to believe this would cover the debt without having to dip into tax money. The Universities are bastions of the Left. There is nary a Right-winger who wouldn’t claim that most degrees aren’t fraudulent. Advocating this and, indeed, enacting it, would win the hearts and minds of many brainwashed children who are currently en route to imposing the Communist Revolution, and our homebred version of the gulags. And both I, and many others who advocate it would without hesitation agree to many of the stipulations that the so-called Right insists it would have to have.
- “Well then, those degrees are revoked.” Certainly. It’s not as though they are furnishing the jobs they were billed as providing.
- “If you aren’t smart enough not to sell yourself into slavery, you shouldn’t vote.” By all means. Revoke the franchise from those so forgiven.
- “The federal loan program would have to be ended to prevent it happening again.” We are in complete agreement.
And yet, it is a mark of the “Right’s” commitment to losing that the mere mention of delivering this relief pushes them into shrieking fit for any vampire confronted with a crucifix.
“Why should my taxes pay for the forgiveness?” But I never proposed that they should.
“You just aren’t willing to cut Netflix and work two jobs like me.” I don’t have Netflix, and moreover, my debt is not at issue. Even if I get my way, mine will be paid off before it ever happens.
“If your student loan gets forgiven, what about my car loan?”
And now we have landed on something meaty. Something meaningful. Something I’ve been wanting to get around to.
Yeah. Let’s forgive that too.
You see, the Church has historically been against usury. That is, lending money at interest. At all.
Now this business of student loans is cast as a political and economic argument. These are not my area of expertise. My interests are drawing, writing, storytelling, programming games. On subjects outside my expertise, I defer to religion. In fact, I defer to religion even within my expertise. If I say one thing, and Jesus says another, I am wrong and Jesus is right. Period.
And what does religion tell me about debt, forgiveness, and usury?
Well, the theocracy of Israel is forbidden to loan at interest to their countrymen, and they are to forgive all debts every seven years.
I eat bacon and shellfish. I am not under the Mosaic Covenant. But I am not about to say I am wiser or more righteous than God. So the idea that it is morally superior to make men pay their debts is out the window.
You cannot be more just than God. Simple as. Nor more wise.
Which undercuts another argument, namely that debt forgiveness would create perverse incentives. Surely, God knew the incentives when He devised the Mosaic Covenant.
And of course, we are taught to pray “Forgive us our debts as we forgive our debtors.”
Even supposing we paid for student loans out of our taxes, do you really intend to stand before Christ and say “I was unwilling to pay for my neighbor’s freedom, but I’d sure like you to pay for mine!”
“But Jesus is talking about moral debts, not financial debts!”
So, if I take your money, that has no moral component? Balderdash. Anyway, the idea that monetary debt has no moral component certainly undercuts the line “No one put a gun to your head and forced you to sign. You agreed to pay that.”
Either it is not immoral for me to refuse to pay, or “forgive their moral debts” applies to financial debts. You can’t have it both ways.
So yeah. I think student loans and car loans should be forgiven. Maybe once every seven years. Maybe through some process like bankruptcy. I’m not a theonomist. I’m not committed to reinstating Moses in America.
But I am saying if your argument for your system is that it is more righteous than Moses’s, or more wise, then you are flatly wrong.
“But our economy can’t work like that!”
You underestimate my willingness to appear an utter gibbering moron if it means doing what Jesus says. I am certain that a country who makes “foolish” financial decisions because that is what Christ would command will somehow find a way to daily bread.
The Fear of the Lord is the beginning of wisdom. Anything that claims to be wisdom and is not founded in God-Fearing, cannot be wise.
Anyway, our economy is crumbling already. The Horseman of inflation rides among us. And our country will continue to be accursed so long as it murders infants and enslaves children.
Politics and Economics
Now, I do think there is an argument that can be made for forgiveness that is political and a couple that are economic.
A country’s true economy, I would argue, is measured in whether men are taking wives and having children. By murdering half my generation, the Boomers have doomed America to darker winters for a long time. By selling the remaining half to the banks, they have made the coming winters darker and longer still.
Our house is on fire. To pull out of this nosedive, we need normal men and woman raising families. To make this happen, we need to get normal men and women out of debt.
This is one economic argument. Let us suppose that the only possible way to forgive student loans is with taxes. Let us suppose we don’t do it.
There will be fewer goods and services in the years to come because there will not be the human capital to furnish them. Nor the brain capital to maintain the automation needed to furnish them.
The second economic argument is that building an economy on debt is as foolish as centrally planning an economy, and for the same reasons. The ability to take imaginary money out of the bank and buy real things with it disrupts the healthy mechanisms of supply and demand. Our currency isn’t just inflated by the money printers. It is also inflated by credit cards.
To be sure, we have food, and communists have starvation. So to say our system is as bad as, say, Venezuela’s is objectively false. But I think it is still bad, and will all blow up in our faces.
The political argument I have already made above. Men have gone to college, been told that capitalists are evil, and had every evil for which capitalism is blamed done to them by the colleges. If we let them be, if we let Bernie and his ilk continue to enchant them, they will put us all in gulags, and then everyone gets to starve to death. But if we forgive the debt, and fix the blame where it belongs, perhaps another path becomes available.
I am neither a politician nor an accountant. I believe these arguments, but I am not really able to defend them.
But That’s Not the Point
The point is forgiveness is objectively good and laudible and I cannot and will not claim otherwise so long as I hope for salvation in the Blood of Christ.
My conscience is captive to the Word of God. I cannot and will not retract anything, since it is neither safe nor right to go against conscience. Here I stand. I cannot do otherwise. God help me.