“If you buy a car,” White House Press Secretary Karine Jean-Pierre explained the other day, “you are expected to pay the monthly payment. … It’s that simple.”
Is it? Now, obviously, those who argue that the president can cancel millions of student loans by decree aren’t in a position to offer lessons on personal responsibility. The deeper problem with Jean-Pierre’s analogy, though, is that there isn’t a bank on Earth that’s going to keep lines of credit open when a person is compounding unsustainable debt year after year.