President Biden’s plan to forgive up to $20,000 of student loans per borrower is bad policy for numerous reasons. It adds nearly $1 trillion to the national debt. It fuels inflation. And it is illegal executive overreach. (The Job Creators Network Foundation’s Legal Action Fund is currently considering legal options to block it.) The bailout is also fundamentally unfair to most Americans who never earned an associate’s or bachelor’s degree. These hard-working folks are forced to shoulder loan forgiveness for the consultant class through their tax dollars. Biden’s action, therefore, makes for an especially depressing Labor Day for ordinary workers who also face declining real wages and
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