Obama Is Forgiving Student Loans
That’s what I heard from a young lady at the car rental place yesterday. She was very sweet and took good care of us. And on the way out she asked what we do.
Like always, I answered that we teach people how to handle their finances. And before I could talk about leadership, she excitedly asked me what my most important bit of information was. I told her to stay out of debt — Surprise, surprise! That’s when she asked, “What do you think about what Obama’s doing? He’s forgiving student loans.”
Ugh!! How does this happen?!
I told her I don’t think it’s right for people to go into debt and then pass the consequences of their bad money choices on to the rest of the taxpayers.. That’s when she made a comment about Obama having money set aside to take care of the loans. I quickly informed her that Obama doesn’t have any money for these student loans. The money to pay for Obama’s “forgiveness” will come from those of us who actually pay taxes — unlike the 47% of Americans who don’t pay taxes but want big business to pay for all of their debt. (Sorry, had to throw that in there.)
She responded by saying, “So I’ll pay for it anyway? I don’t know that much about it. I haven’t really read up on it.” And since my car wasn’t ready, she walked away and hung out in the little booth outside. I guess our conversation was over. When my car finally came around, she came back out and did the walk around with me. I asked her if what I said made sense to her. She told me she really didn’t read up on it so she didn’t know that much about it.
So I put it to her this way: It would be like me buying this Suburban with debt and then making you pay for it because I made bad money choices and couldn’t make my payments any longer. The government doesn’t have money except what we as tax payers pay.
I watched and waited for the light bulb to go off. It did, but she still seemed confused.
I left thinking about how many millions of people think Obama has some magic vault of money that he must have brought with him from his personal account to D.C. And he’s going to save all the people in America who have made poor decisions with money so they can keep making bad decisions. Or wait…maybe the “forgiveness” will cause all of those folks to start making wise money choices. It could happen…right?
Question: What are your thoughts on how people view the Government’s “bank account”?
Feel free to share this with your friends and family…or those you don’t like who think this way.