Biden Buying Votes With Student Loan Handouts
If news reports are correct, by the end of business today Joe Biden will buy tens of thousands of votes by forgiving Federal Student Loan debt and extending - again - the moratorium on paybacks for everyone.
Yippee!
Yep, Biden and his far-left advisors are so desperate about the looming midterms that they are going to demand that America’s truckers, plumbers, welders, laborers, construction workers, mail carriers and other members of the working class pay off the debts of those with gender study and anthropology degrees.
Never mind that these deadbeat college grads willingly signed loan documents promising to repay their debts. The Democrats need votes and they’ll do anything to get them.
Naturally, leftists answered the call for new voters the way it always does, with these two words: FREE STUFF!
To those of us who scrimped, saved, never took vacations and drove used cars so our kids could graduate from college debt-free and to those who worked two jobs after graduation to repay all of their own student loans, the left has one word: SUCKER.
That’s the same word they have for those who used the GI Bill to pay their tuition or who joined ROTC as college freshmen so they could get a good education and serve their country in return.
Why would anyone endure hardships and sacrifice for an education when so-called “progressives” are waiting in the wings with forgiveness?
White House leaks point to limits on the debt forgiveness. It will be a portion - perhaps $10,000 of debt - that’s erased and perhaps capped at those earning less than $125,000. (Ninety percent of Americans earn less than $125K, incidentally. )
Careful, Joe. The gimme crowd is already crying that it’s not enough. This former Ohio State college professor and “activist” was burning up Twitter Tuesday badgering the president for not doing enough.
If @POTUS only cancels $10k when the NAACP and Congressional Black Caucus are both urging at least $50k…the disrespect.
— Nina Turner (@ninaturner) August 23, 2022
Memo to Applesauce Joe: It’ll never be enough.
Since this cockamamie scheme is apparently a done deal, several caveats ought to accompany the giveaways, lest we teach a generation of young people that contracts are unimportant and paying your debts is optional:
First, the Federal Student Loan program must be scrapped. If college grads can’t - or won’t - repay the money they’ve already borrowed, these were bad loans. We need to learn from these mistakes. The mortgage industry stopped issuing subprime home loans after the crash of 2007. Likewise, it’s time to stop issuing student loans with no collateral.
If the program isn’t ended, forgiveness will become routine.
This is imperative: Stop loaning money for education. Stop guaranteeing these bad loans.
Second, every recipient of this taxpayer-funded largesse should repay the forgiveness with sweat equity. Biden - a great admirer of FDR - ought to announce the creation of a new Civilian Conservation Corps, like Roosevelt’s.
Anyone who enjoys the loan relief should be required to leave home, join the CCC for six months, live in military-style housing and get to work making America beautiful. They can clear underbrush in national parks, build solar farms, plant trees or polish the blades on wind turbines.
For the gender studies contingent who are probably incapable of even semi-skilled labor, they should be outfitted in neon vests and sent out along the interstates to pick up trash.
I, for one, will honk my horn in appreciation of their hard work every time I whiz by in my car.
