Biden to Announce That Taxpayers Will Foot the Bill for a Chunk of Student Loans – Opinion

Congratulations taxpayer, you’re now the owner of student loan debt you never agreed to acquire and will now be responsible for paying it off.

According to The Hill, President Joe Biden is to announce a plan to cancel a solid chunk of the nation’s student loan debt on Wednesday:

Sources said President Biden’s intended measure will include at least $10,000 in loan forgiveness for borrowers who make less than $125,000 annually, as well as another payment freeze for roughly four months.

This $10,000 amount would represent the highest forgiveness for federal student loans by an individual.

The Hill notes that this likely still won’t please many Democrats regardless and that Biden will be pushed to do more in the future. This is possible because of his inclination to cave to radical elements of the Democrat Party.

While the Democrats working to forgive student loan debt are pushing hardest, they also happen to be the Democrats with the largest student loan debt. New York Rep. Alexandria Ocasio Alma-Cortez owes $50,000 and Michigan Rep. Rashida Tlaib has around $100,000.

Other politicians backing student loan debt include Minnesota Rep. Ilhan Omar, California Reps. Jimmy Gomez and Nanette Barragan, Pennsylvania Rep. Brendan Boyle, Connecticut Rep. Jahana Hayes, Florida Rep. Darren Soto, and Texas Rep. Veronica Escobar, all of whom have debt of their own.

Florida Governor Ron DeSantis pointed out that this degree forgiveness will likely drive up inflation because these are doctoral programs for lawyers or doctors. It will also be the blue-collar workers who will pay the bills.

DeSantis agrees with me that student loans oftentimes are predatory. Due to the universities pushing up prices far above what they should, student debt has spiraled out of control.

There are many students who shouldn’t have taken on the debt at all. They should, therefore, be held responsible for it. This practice of getting students in debt must be investigated.

It is also disturbing that Biden could just waive his hand to force you or me to make a payment for something another person agreed to, especially since so many are in an economic crisis due to the recession.

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