President Joe Biden’s message accompanying the rollout of his student loan-forgiveness plan last week unwittingly included a severe indictment of the federal program.

Biden claims his executive order canceling hundreds of billions owed taxpayers by borrowers is necessary because an entire generation is now saddled with “unsustainable debt,” creating “a burden so heavy that even if you graduate, you may not have access to the middle-class life that the college degree once provided.”

Jim Waters

Jim Waters

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