This past week President Biden went to the podium once again and attempted to justify his efforts to grow the welfare state with his plan to pay off student loans. Current estimates put the price tag for his student loan bailout at over $400 billion. He justifies the massive expense because ostensibly people who knowingly entered into a contract for which they received a benefit shouldn’t have to be held accountable to their contractual obligations because... well, because its “hard”, or something equally insulting. 

The bottom line is that there is no free lunch. Wholly unrelated to war, or poverty, or natural disaster, such government bailouts are instead simply related to the misguided idea of rescuing people from their own bad decision making. But they have to be paid for by someone. Like I said, there ain’t no free lunch.