Appearing on Fox News, Steve Forbes argued the progressive wing of the Democrat party’s plan to cancel student debt would “make a mockery” of those who paid.
Forbes said the plan “makes people who paid their debts, took their obligations seriously, look like fools.”
He asked “And if they have this debt forgiveness of any kind of scale, we’re going to have people wondering, ‘Why should I pay those obligations? Why should I take those extra jobs? Why should I sacrifice a private university to go to an in-state university to save money and honor my obligations?’”
He continued by asking “So, you make a mockery of people who’ve played by the rules and this gets to the big issue which is, why are college tuitions rising a four times the rate of inflation—the sticker price—which are they rising eight times the cash wages of working Americans?”