Face it, government “forgiveness” of student loans is theft. It is transfer of the debt obligation to people who had nothing to do with the loan. Joe Biden’s recent executive order providing “debt cancellation” on up to $20,000 on student loans is immoral, unconstitutional, and economically foolish. It does buy votes, however--from people who love the idea of having someone else pay their debts at the point of a government gun.On this live show, Keith explains why this order is theft, why Biden has no legal constitutional authority to do it, and why it is stupid from both basic economics and educational success viewpoints.The video version of this episode is available here:https://unsafespace.com/ep0845Links Referenced in the Show:White House 8/24/22 Statementhttps://www.whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/Federal Student Loan Programshttps://studentaid.gov/understand-aid/types/loansReason article, income driven repayment program changes will increase college costhttps://reason.com/2022/08/30/biden-student-loans-income-driven-repayment-college/Sheepskin Effect, math analysishttps://www.econlib.org/archives/2013/02/sheepskin_effec.htmlGeorge Mason quotehttps://constitutioncenter.org/the-constitution/historic-document-library/detail/george-mason-objections-to-the-constitution-of-government-formed-by-the-convention-1787Committee estimate of total cost of forgiveness - $500Bhttps://www.crfb.org/blogs/new-student-debt-changes-will-cost-half-trillion-dollarsSpectator article, analysis of who forgiveness benefitshttps://spectator.org/uncle-joe-i-paid-off-my-student-loans-can-i-have-some-other-free-stuff-instead/Bureau of Labor Statistics, earnings vs formal education degreehttps://www.bls.gov/careeroutlook/2022/data-on-display/education-pays.htmAbout Rebel CivicsHosted by Keith Bessette, Rebel Civics covers the principles of society and government, the ideas upon which America was founded, the history of the development of these principles, and current events in relation to them. Rebel (n): A person who is disobedient to unjust authority and stands up for fundamental principles, despite conventions and the opinions of others.Thanks for Watching!The best way to follow Unsafe Space, no matter which platforms ban us, is to visit:https://unsafespace.comWhile we're still allowed on YouTube, please don't forget to verify that you're subscribed, and to like and share this episode. You can find us there at:https://unsafespace.com/channelFor episode clips, visit:https://unsafespace.com/clipsOther video platforms on which our content can be found include:LBRY: https://lbry.tv/@unsafeBitChute: https://www.bitchute.com/channel/unsafespace/Also, come join our community of dangerous thinkers at the following social media sites...at least until we get banned:Censorship-averse platforms:Gab: @unsafeMinds: @unsafeLocals: unsafespace.locals.comParler: @unsafespaceTelegram Chat: https://t.me/joinchat/H4OUclXTz4xwF9EapZekPgCensorship-happy platforms:Twitter: @_unsafespaceFacebook: https://www.facebook.com/unsafepageInstagram: @_unsafespaceMeWe: https://mewe.com/p/unsafespaceSupport the content that you consume by visiting:https://unsafespace.com/donateFinally, don't forget to announce your status as a wrong-thinker with some Unsafe Space merch, available at:https://unsafespace.com/shop