This is well said but I’m also reminded of “The wicked borrows and does not repay, But the righteous shows mercy and gives.” Psalms 37:21
Our pocketbook reveals much about our heart. One of the reasons for living below your means is not just to increase funds for a rainy day but to enable you to increase your generosity, that’s the biblical goal. But taking from others or reneging on financial commitments you have made is a lack of integrity.
I’m very disappointed that the United States continues to make stupid financial decisions that impact low income taxpayers like me and straps the next generation with the overhead of paying for your choices rather than being able to pay for the opportunities and responsibilities that arise in our own generation. Socialism is generational theft.
From Dave Ramsey:
“There are a lot of mixed emotions across the United States today. On one hand, people with federal student loans (making less than $125,000 per year) will now have $10,000 of their student loans forgiven. For those who are also below that income amount and received a Pell Grant in college, they will have $20,000 of their loans forgiven. AWESOME!! We’re celebrating with you!
On the other hand, there are people who worked hard to pay their (or their children’s) way through school or have already paid their loans off, and they are NOT happy. They have every right to be angry. We’re pretty pissed off for you too.
This all comes with a price tag of 300 BILLION dollars. Who pays that bill? The taxpayers. This is not free money. It will come at a price.
If this crisis is so horrible (it is) that they are actually forgiving $10,000 worth of loans, then why aren’t they going to stop MAKING student loans? It makes no sense, and this problem will just continue to hurt Americans.
For those of you who still have tens or hundreds of thousands worth of student loan debt left to pay, we are STILL with you, and you still have the ability to fight your way out of this mess. Don’t forget, no matter what impact today’s news has on you personally, you are in charge of YOUR life, and your future success is thanks to YOUR hard work and sacrifice. Do not give up! We’ll be here cheering you on every step of the way.” August 24, 2022 Facebook