MAGOO IS AT THE CENTER OF THE STUDENT LOAN CRISIS

I have been talking about bankruptcy reform to allow student debt to be discharged in bankruptcy for several years and it has now become a topic in several articles and the one below is the best I’ve seen and lays out in more detail and surely more cogently than the collection of rants I have put up. It explains that Magoo fought to get a provision in a bankruptcy reform act in 2005 to protect all the credit card companies in Delaware who have bankrolled his entire career. Then Obama federalized student loans as part of the the unaffordable care act which just opened the floodgates because universities were free to raise tuition without fear of any consequences.

https://thefederalist.com/2022/09/01/how-senator-biden-helped-create-the-student-debt-crisis-president-biden-is-trying-to-fix/