Cancellation of Student Loan Debt is a Terrible Idea | VICTOR JOECKS
There’s a reason Joe Biden spent so little time talking about his agenda. It is not very attractive.
Biden may have won the presidency, but neither he nor the Democrats got a mandate. Experts predicted a Democratic sweep in Congress. It didn’t happen.
Zoom out and it looks like the election was a rejection of President Donald Trump’s personality, not his politics. Biden certainly approached the race that way. He barely campaigned, using the pandemic as an excuse to hide in his basement. Trump, who seemed to prefer the spotlight over the presidency, was happy to keep the focus on him.
It was easier to highlight the political differences in the congressional races, where the candidates are not as well known as Trump. In light of their disappointing performance in the ballot, Democrats are pointing fingers. Representative Abigail Spanberger, D-Va., Believes the party has gone too far to the left. She lambasted those who pushed the “defund the police” movement.
“And we must never use the word ‘socialist’ or ‘socialism’ again,” she said. said during a Democratic caucus call that was leaked to the press. “Because even though people think it doesn’t matter, it does matter. And we lost some good members because of it.
Representative Conor Lamb, D-Pa., Also lambasted those who supported a ban on fracking. Biden has argued doing just that.
Minority Leader Sen. Chuck Schumer, DN.Y., doesn’t seem to get the message. This week he floated a test balloon for another radical idea.
“I have a proposal with Elizabeth Warren that the first $ 50,000 in (student loan) debt be defeated, and we believe Joe Biden can do it with the pen rather than the legislation,” he said. in an interview.
Biden likes to brag about his working class roots. It’s hard to imagine a proposal more at odds with this. It would be a gift to the highest income earners in the country costs around $ 1 trillion. Median annual earnings of someone with a bachelor’s degree is around $ 65,000. For those with a professional diploma, it’s over $ 95,000. But for those who only graduated from high school, it’s less than $ 40,000.
This plan would punish people who make good decisions. Countless numbers of people have gone to a less prestigious school to save money. Others went to college. Still others scrimped after graduation to pay off their loans as quickly as possible.
Fundamentally, this proposal flies in the face of what makes Americans great. People have the freedom to do whatever they want, but they have to accept responsibility for their actions. Not with this plan. Uncle Sam would save them from their bad choices. If Biden pursues this by executive order, the Supreme Court should rule it unconstitutional.
If Biden had been honest about his radical political ideas, he probably wouldn’t be the next president.