[Note: Here’s my two cents on the student loan cancellation plan: I’m all for it. Shoulda been more. But will it survive the imminent rightwing legal assaults? Some further thoughts below.]
From Religion Dispatches:
What with Ukraine, Mar-a-Lago, Jerome Powell, and what-not, I suppose we can be forgiven (ha!) if we didn’t pay a lot of attention to the gnashing of teeth over President Biden’s long-delayed decision to forgive a significant amount of student debt.
As with everything else, the fallout is sharply polarized, with people like Ted Cruz predicting the end of civilization as we know it, and with folks in the Larry Summers wing of the Democratic Party fussing over the possible inflationary impact. (Do these inflation hawks ever fuss over the debate-free passage of ginormous unpaid-for military appropriations? Just wondering.)
And then there’s the “Christian” (i.e., evangelical Protestant) reaction to Biden’s action, as reported in Christianity Today and elsewhere, where scholars and cranks play whack-a-mole with Bible verses having to do with debt.
What I like best is the Can we proof-text this? We probably shouldn’t. But let’s try anyway! aspect of it. Not to mention the dominant focus on rival passages in the Hebrew Bible without much, if any, attention paid to how Jesus responded to debt peonage in his time and place.
Stefani McDade begins her Christianity Today roundup of evangelical responses by reporting on the top four Bible verses being cited by online Christian commentators in response to Biden’s move. The top four verses popping up on her screen were all from the Hebrew Bible—or the Old Testament as CT prefers to call it.
Then McDade cites the reactions of three guys. The first, an Anglican priest from Indiana, is all in on debt forgiveness. This guy actually does quote Jesus a lot. The second guy, from the Cato Institute (that well-known Christian organization), says that you can’t apply biblical texts related to an ancient agrarian society to our situation. The third guy, who works for a Washington PR firm, says let’s not debate this at all:
Instead, we should humbly engage others with our biblical convictions and research about alternatives, cost-benefit analysis, and weighing of unintended consequences as we pursue human flourishing and the common good.