Problems With Cutting Student Debt

Commentary The problem with running a “small target” strategy and winning an election is that you may actually end up in government, but not in power, because “no target” often means “no agenda” for government. So how does Prime Minister Anthony Albanese, who won with a very small target, solve that problem? Copy whatever Uncle Joe Biden is doing in the good ol’ USA. The latest instalment in that strategy is the government’s decision to modify how the HECS-HELP (Higher Education Contribution Scheme) debt is calculated. This is the $3 billion (US$2 billion) little brother to the Biden administration’s decision to cancel more than US$1.4 trillion of student debt and commitments....