Student-Loan Forgiveness and the National Debt
Preview:
The colorful Ohio Gov. Jim Rhodes once likened George Romney’s run for the presidency to “a duck trying to [make love to] a football.” I wish he had been around to put a label on the federal student-loan program. In the sad catalog of its failures, the federal government has set a new standard. President Biden’s debt-cancellation announcement represents the final confession of failure for a venture flawed in concept, botched in execution, and draped with duplicity.
Originally published: September 1, 2022
Author: Mitch Daniels
Position: President
Institution: Purdue University
Published by: The Wall Street Journal