Biden strongly considering $10K student loan debt cancellation program

It appears as if once again, the woke, radical progressive wing of the Democratic Party has pressured the Biden administration to make yet another stupid decision for America.

According to The Hill, President Joe Biden is apparently leaning toward using executive power to cancel a staggering $10,000 in student debt, per borrower, as part of his promised student loan forgiveness program. 

“The debt forgiveness would be through executive action and follows the president asking the Education Department to look into his authority to act unilaterally on student loans a year ago,” The Hill noted.

Additionally, there has been plenty of buzz that Biden could look at launching an even bigger initiative, as far as how much debt the government is willing to pay off. Many believe it’s nothing less than bribing prospective voters to show up to the polls and vote a Democratic ticket in November.

The details

At the time of this writing, further details on just how far the Biden administration will go to appease the radical in his party is unclear, though, with his plummeting polling numbers, Biden is likely to green light anything that will get him closer to being above water in the approval polls.

Unsurprisingly, whackos like Senate Majority Leader Chuck Schumer (D-NY) are asking for even more forgiveness, suggesting Biden should move to cancel some $50,000 in student loan debt per borrower.

The president, so far, officially has only said that he is “taking a hard look” at the program.

White House Press Secretary Jen Psaki has been repeatedly pressed on the issue, only to respond by saying that the White House is still exploring Biden’s options if they were to make such a decision.

Strong backlash

While radical progressives love the idea of magically erasing debt that will eventually have to be paid by the American taxpayer in some form or fashion, commonsense, logical thinkers know that such a move is a shockingly bad idea.

Matt Walsh summed it up best, writing: “There is no such thing as student debt forgiveness. The burden is not forgiven but rather transferred from the people who took out the loans to people who did not. You have to be brain damaged to think that such a system is fair or just.”

Now that the pandemic is over and the Biden admin and Democrats in Congress can’t hand out “relief” checks prior to the election, they’ve got to find some way to lock in those voters, and this is probably the next best way.

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