Father Identifies A Problem With Elizabeth Warren’s Plan For Eliminating College Tuition DebtA brief confrontation between Elizabeth Warren and the father of a daughter in college highlights a problem with Warren’s plan for canceling student debt. Here’s how the conversation went:
Father: My daughter’s getting out of school. I’ve saved all my money, she doesn’t have any student loans.
Warren: [inaudible but the tone sounds supportive]
Father: Am I going to get my money back?
Warren: Of course not.
Father: So you’re going to pay for people who didn’t save any money and those of us who did the right thing get screwed?
Warren: [inaudible-shaking her head no]
Father: Of course we did. My buddy had fun, bought a car. He went on vacations. I saved my money. He made more than I did. I worked a double-shift, worked for extra money. [unclear but sounds like ‘Did all this work since she’s ten’ or possibly ‘Daughter’s worked since she’s ten.’] So you’re laughing.
Warren: I’m not laughing.
Father: Yeah, that’s exactly what you’re doing. We did the right thing and we get screwed.
Of the six members of my immediate family, we all have degrees or "some college". AFAIK, I'm the only one who had a student loan. The others found ways to finance their education without debt. As for my loan, it was paid off when Ford or Carter were President. So Fauxcahontas' plan would have us paying for others' often less than wise choices.
