Warren Davidson 🇺🇸

Warren Davidson 🇺🇸 @WarrenDavidson

Does this epic failure mean the Biden Administration will get the government out of the student loan business? Markets will price default risk and only make loans that can be repaid. Grants and scholarships are gifts. Loans must be repaid. — PolitiTweet.org

Warren Davidson 🇺🇸 @WarrenDavidson

Markets won’t work perfectly, of course. There would be defaults, but none of those should stick taxpayers with the bill. The federal government does no underwriting, and lends the same $$ at the same rate - a recipe for disaster - sticking taxpayers with the tab for defaults. — PolitiTweet.org