Wisconsin Libertarians Oppose Student Loan Forgiveness Ideas as “Theft”

 

Libertarian Party of Wisconsin

www.lpwi.org

presslpwi@gmail.com

Press Secretary—Tim Krenz,

September 1, 2022

FOR IMMEDIATE RELEASE

Wisconsin Libertarians Oppose Student Loan Forgiveness Ideas as “Theft”

UBET, WI—The Libertarian Party of Wisconsin (LPWI), true to its principled opposition to theft by government through taxation, denounces President Joe Biden’s latest proposal to forgive student loan debts with the public’s treasury, as announced within the past week.

To give blanket government payments to those holding student loan debts, literally on contracts made privately by parties for future private gain, and made by choice and consent, rankly continues the unequal and corrupt practice of using the public money of everyone to bribe the few for popular political support and power. The proposal, furthermore, does nothing to solve the underlying problem or stop the continuation of predatory lending and funding for individual education.

With total debt forgiveness, as detailed so far, going to each individual with $10,000 in loans, etc. and the eventual sum total cost to taxpayers, by some estimates, will amount to $500 Billion. This will greatly impact yearly Federal budgets, lead most likely to more deficit spending, and increase the total accumulated national government debt. This grotesquely political scheme would betray the average tax-payer with the Federal Government’s further fiscal mismanagement and irresponsibility. And finally, as to equality and fairness, what happens to people who already paid their student debt obligations by themselves, and in full?

The LPWI offers the following solutions: 1) Encouraging a privately-run system to better advise the student population seeking higher education, specifically, about the risks and obligations of assuming debt; and 2), more open and competitive accredited private markets for educational opportunities, without government money or mandates, which we believe will lower the overall costs of the educational system, at all levels. Finally, 3) the LPWI endorses US H.R. 899, legislation before Congress to terminate the Federal Department of Education, in order to return education standards and control of curricula to parental and local control.

For more information on the Libertarian Party of Wisconsin, please visit www.lpwi.org .

Libertarian Party of Wisconsin’s Statement on the Inflation Reduction Act

 

Libertarian Party of Wisconsin

presslpwi@gmail.com

www.lpwi.org

Press Secretary—Tim Krenz

August 17, 2022

FOR IMMEDIATE RELEASE

Libertarian Party of Wisconsin’s Statement on the Inflation Reduction Act

Ubet, WI—According to a philosophy of liberty and the Libertarian Party of Wisconsin’s platform, the new Federal law, with the “spin” title of the Inflation Reduction Act, will do absolutely nothing to solve the ingrained problems of monetary inflation when based on unsound, fiat currency—a money system NOT backed and linked to a trade-able commodity, such as gold, silver and platinum, etc. The act will, in the end, not prevent the destruction of personal and private property, namely the savings or property investments of regular, average citizens, due to higher inflation mixed with higher government deficits and debts.

What does the act do? Almost half of act’s cost in the amount of $369Billion provides tax credits and tax-payer paid subsidies toward climate change initiatives in the United States. These public monies will go to subsidize, among other things, electric vehicle purchases, building renewable energy production, clean hydrogen centers and hubs, and carbon trapping and carbon storage mechanisms.

In short, this $369B part of the Inflation Reduction Act directs public investment to private individuals and business entities. Notwithstanding the need to take action on climate change, and like many federal and state programs, this act provides in the end more welfare for the rich. It favors a few citizens and not in the name of reducing inflation or protecting private property.

As the Libertarian Party of Wisconsin clearly states in its platform, in regards to the current economic system: “We oppose the granting of subsidies, tax credits, special privileges, etc., on private individuals, businesses, corporations, or industries by the government, including in the name of ‘economic development’ or ‘job creation.’ We believe that lower taxes and regulatory costs should be extended across the board to all businesses in Wisconsin, on an equal basis, and that the government picking winners and losers in the market is a recipe for corruption.”

For more information on the Libertarian Party of Wisconsin, please visit www.lpwi.org .