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Lucas: Sorry Liz, students and families who paid off loans are getting ‘screwed’

Boston Herald logo Boston Herald 8/28/2022 Peter Lucas
BOSTON, MA - August 10:  Mass Sen Elizabeth Warren speaks as Sen. Warren and Rep. Pressley join the MTA in a roundtable discussion on Student Loan Cancelation on August 10, 2022 in , BOSTON, MA. (Staff Photo By Stuart Cahill/MediaNews Group/Boston Herald) © Provided by Boston Herald BOSTON, MA - August 10: Mass Sen Elizabeth Warren speaks as Sen. Warren and Rep. Pressley join the MTA in a roundtable discussion on Student Loan Cancelation on August 10, 2022 in , BOSTON, MA. (Staff Photo By Stuart Cahill/MediaNews Group/Boston Herald)

Here is a vignette from the 2020 campaign for president.

U.S. Sen. Elizabeth Warren had just finished speaking at an Iowa Democrat caucus in Marshalltown, a working-class city of 27,500 along the Iowa River, about the virtues of cancelling billions in student loan debt.

As she completed her remarks a local man approached and said, “I just want to ask you one question.” Warren nodded.

“My daughter is getting out of school. I saved all my money just to pay student loans. Can I have my money back?”

“Of course not,” Warren curtly replied.

Iowa man: “You’re going to pay for people who didn’t save any money — and those of us that did the right thing are getting screwed.”

Warren: “No, you’re not getting screwed.”

Iowa man: “Of course we are. My buddy had fun, bought a car, went on vacation. I saved my money. He made more than I did. I worked a double shift working to get extra money. My daughter worked since she was 10. You’re laughing at me. That’s exactly what you are doing. We did the right thing, and we get screwed.”

Warren had no reply. But when Joe Biden announced his plan to forgive billions in student loan debt, Warren called it “a great day.”

Of course, the man was getting screwed — no matter what Biden, Elizabeth Warren, Eddie Markey and the rest of the Democrats say.

You play by the rules under Biden, and you get punished. You break the rules, and you are rewarded, whether you are a well to do college graduate who owes borrowed money, or an illegal immigrant.

The student who borrowed money promising to pay it back is rewarded with a $10,000 handout.

The illegal immigrant who breaks the law gets free transportation to New York, a free hotel room, free medical care, free food, a free phone and free schooling for his children.

Everything free in America — except for the Americans who play by the rules. They just pay. Democrats call it equity.

If they were really concerned about equity — or equality — they would at least require those receiving the $10,000 handout to provide some public service in return, like joining the military, or volunteering for community service. Anything.

If nothing else, Biden’s act is a message to future student loan applicants that you can borrow as much as you want and not worry about paying it back. Uncle Joe will pick up the tab.

And as far as the man from Marshalltown is concerned — well, he is screwed, big time, as is everybody else who scraped and save to pay off their college loans.

That will teach you to play by the rules, sucker.

What is interesting about it all is that the people who are turning the country into a handout haven are all millionaires who have been on the public payroll, or the college payroll — which these days amounts to the same thing — for years.

Joe Biden and Eddie Markey, for instance, have never had to work for a living but have been on the government payroll for 50 years each. Once elected to public office, they never left. And they don’t pay for anything.

And Warren, who snaked her way through the academy by falsely claiming to be a Native American, was paid $429,981 by Harvard for the 2010-2011 academic year, as she disclosed when she ran for the Senate in 2012.

Ten thousand dollars is less than loose change to these people. They spent $1.9 trillion on Biden’s American Rescue Plan, another $1.2 trillion for his infrastructure program, or now $500 billion in loan forgiveness.

Not only is the Iowa man getting screwed for paying his student loans, but he will also be doubly screwed when he has to pay new taxes to pay for the student loan write-off of his neighbor.

Peter Lucas is a veteran Massachusetts political reporter and columnist.

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