We reported Tuesday that President Biden will unilaterally implement a student loan forgiveness program. It “will include at minimum $10,000 in loan forgiveness for borrowers making less than $125,000 per year, and a pay freeze for approximately four months.”
The plan is unquestionably illegal, considering that he doesn’t have the power to do it, and as my colleague, explained here, it’s a disrespect to millions of hardworking Americans who sacrificed and saved to pay their student loan debts. They will now have to pay the debts of those who did not.
Strangely, leftists seem to agree that forcing Americans to repay the debts they owe others when they are already struggling to live in the midst of staggering Bidenflation is a winning issue and will bring them to the polls to support Democrats in November.
I think the left is completely wrong on this. In case there is any semblance of truth to their thinking, Republicans should include the following video from January 2020 in the ads they run between now and Election Day 2022. It serves as a reminder about what Democrats actually propose.
Just a few days prior to the Iowa caucuses, Grimes, Iowa was the scene. Sen. Elizabeth Warren, a Democratic (socialist) presidential candidate at the time, was confronted by an angry father. Sen. Elizabeth Warren (D-Mass.), a longtime proponent of student loans being paid for by taxpayers, was confronted by an angry father. He told the truth about how he had worked double shifts to pay his daughter’s college tuition, while his friend lived in luxury and could not afford his student loan debts.
“I only wanted to ask one question. My daughter is leaving school. All my money has been saved. She does not have student loans. Warren asked the father, “Am I going to get back my money?” in a photo after attending a Grimes, Iowa presidential campaign town hall on Monday.
Warren replied, “Of course not,” without hesitation.
The father demanded, “So you’re going for people who didn’t save any money and those who did the right things get screwed?”
“My friend had fun, bought a car, and went on all the vacations. I saved my money. He earns more than me. He continued, “I worked a double shift,” he said.
Warren refuted the man’s claim that “you’re laughing at my” “Yeah. That’s exactly what you are doing. Warren can hear him telling Warren that he did the right thing, but he got screwed.
Warren thanked him and they moved on.
“I have saved all my money. [My daughter] does not have student loans. How will I get my money back?
Warren: “Of course not.”
“I’ve saved all my money. [My daughter] doesn’t have any student loans. Am I going to get my money back?”@eWarren: “Of course not.”
“So you’re going to pay for people who didn’t save any money and those of us who did the right thing get screwed.” pic.twitter.com/eqK7o4Cl9Q
— Washington Examiner (@dcexaminer) January 23, 2020
As the clip showed, and as other Democrats have commented on this issue, Democrats just don’t get it.
People who are in debt will not appreciate the idea of taking large amounts of money from hardworking Americans and using it to pay off student loans they voluntarily signed up for.
Biden’s action on student loans will negate any electoral momentum Democrats might have gotten from the SCOTUS June decision on Dobbs. It’s possible to bank on it.