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The Biden administration recently unveiled its latest initiative to cancel student loan debt by forgiving $5 billion in loans for approximately 74,000 borrowers who took $12,000 or less and have been repaying for a decade. This fast-tracking relief plan is delivered through the public service loan forgiveness (PSLF) program and income-driven repayment (IDR) plans, and it builds upon a previously-introduced Biden program called “Saving on a Valuable Education (SAVE).”
Straight Arrow News contributor Star Parker argues that the newly proposed plan, which she says lacks certain important details, is another example of Biden’s attempt to buy votes for the upcoming election. Parker contends that this “irresponsible and unlawful” government spending is an important factor voters must consider in the upcoming presidential election.
There’s a new program where the Biden administration doesn’t even know how many people will enroll. This is out of control. With it being in an election year, we’ve got to take this seriously. With this being an election year, this just proves once again that one of Biden’s favorite tools is buying votes. He did it before, just months before the midterms, when he announced that unlawful massive student debt plan — that’s when he announced that the first time — went through the courts, he knew it wasn’t gonna go through, but President Biden didn’t care. The midterms with long be over by then.
[House Committee on Education & The Workforce] Chairwoman [Virginia] Foxx saw right through this, stating: “President Biden is downright desperate to buy votes before the election, so much so that he greenlights the Department of Education to dump even more kerosene on an already raging student debt fire.” This is her quote.
The fire is just going to continue to grow. The frivolous spending in Washington continues to decimate the economy and our nation’s national debt. Hopefully, all voters will remember this in November. We do have an election, and this debt is going to come due, and it will be paid eventually. The challenge is who’s going to pay it.
