Student Loans

A letter writer in last Thursday’s Wall Street Journal Letters section had a thought.

There are some degrees that are worth borrowing money for, but many aren’t. Parents and students, do your homework.

Indeed. Lenders need to do their due diligence homework much more diligently, too. Two ways to incentivize (to coin a term) the lenders: get Government out of the business of making student loans and out of the business of guaranteeing others’ loans to students.

The other way is to require the school being borrowed for to attend to be the primary lender—ideally, the sole lender.

Joe Biden’s Defense Policy

In the context of commenting on Biden’s selection of retired Army General Lloyd Austin to be his Secretary of Defense should he become President, James Carafano wondered what Biden’s defense policy actually would be.

We know very little about what kind of defense policy a Biden presidency will deliver. The issue hardly came up on the presidential campaign trail. … The nomination of Austin doesn’t give us much of an answer.

I disagree. I think we’re pretty clear on what Biden’s defense policy will be.

This is the man who opposed the killing of bin Laden.

This is the man who decried the killing of Soleimani.

This is the man who wants to rejoin the Iranian nuclear weapons development deal.

This is the man who wants to rejoin the Paris Climate business, a business that will do grave damage to our economy while explicitly favoring the People’s Republic of China economy.

This is the man who insists the PRC is no competition, is “not a patch on our jeans,” whose Government and Party personnel “are not bad folks, folks.”

The Biden defense policy will be one of abject appeasement and a continuation of Obama’s retreat.