THE QUESTION:

What does biblical religion teach about forgiving loan debts?

THE RELIGION GUY’S ANSWER:

President Joe Biden’s pre-election executive order to limit or erase college students’ loan debts is still in the news this week. The non-partisan Congressional Budget Office issued its “highly uncertain” estimate that the plan will cost at least $420 billion, the first federal lawsuits filed against it argued that only Congress can legally enact spending, and the Department of Education scaled back the numbers who get this benefit.

The president claims the power to bypass Congress under the “HEROES Act,” passed after the 9/11/01 attacks, which allows forgiveness in case of a “military operation or national emergency.” Biden interprets the COVID pandemic as such an emergency; critics call that a stretch.

Biden says that now “people can start to finally crawl out from under that mountain of debt to get on top of their rent and their utilities, to finally think about buying a home or starting a family or starting a business.” But a Wall Street Journal editorial considered cancellations “unfair to Americans who repaid their loans or didn’t go to college” and accused Biden of “the biggest executive usurpation of Congress in modern history.”

As all this plays out, does the Bible, which has so long shaped moral judgments on public policy, have anything to say on such matters?

Liberal Protestant blogger John Pavlovitz chided Christians who oppose Biden, saying they ignore that “their entire professed religion is based on the idea of a cancelled debt. Way to lose the plot, kids.”

Podcaster Allie Beth Stuckey responded for World magazine that “the debt is sin, and Jesus, God made flesh, voluntarily paid it on our behalf through his death on a cross” so that “we are reconciled to God forever.”

One wording of history’s most-recited prayer asks God to “forgive us our debts as we forgive our debtors.”