Hell Has Frozen Over!

by Dick Hall-Sizemore

I just can’t help myself — the Washington Post editorial page and Bacon’s Rebellion conservative contributors and commenters (that is to say, the bulk of the blog) are in agreement on an issue!

In an editorial in today’s issue, the Post opposes the wholesale forgiveness of student loans. Now the two groups disagree on the reasons for their opposition. Folks on BR fulminate that it would be unfair to those people who have worked and paid off their loans and also that it would send the wrong message about having to be responsible about borrowing. (I happen to agree with both arguments.) The Post’s main objection is that it would be the opposite of progressive policy; it would, in fact, benefit high income folks the most. (To be fair, some BR commenters made this same point, as well.)

The Post’s recommendation:  making sure that everyone who qualifies enrolls in an existing plan that links debt repayment to a borrower’s income.

Gotta love it when two opposites come to the same conclusion, even if by different routes.