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HomeIllinois NewsBiden’s vote-buying debt cancellation scheme is an insult to American workers

Biden’s vote-buying debt cancellation scheme is an insult to American workers

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Biden’s vote-buying debt cancellation scheme is an insult to American workers. Inez Stepman writes:

The Biden administration has, as expected, announced a plan to forgive up to $10,000 of student loan debt for those making under $125,000, and up to $20,000 for low-income Pell Grant recipients.

This may be the first direct bailout of student loan debtors, but it surely won’t be the last. In just four years, student loan debt will be right back to where it is today, and we will have the same debate over what to do about it.

The proposal has been talked up by its supporters in terms of fairness and compassion. Leftist darling and failed congressional candidate Nina Turner went even further, tweeting that there are no arguments against debt forgiveness not “rooted in cruelty.” As with so much of our political discourse, nearly the opposite is true.

[Inez Stepman, “Forgive Me,” The American Mind, August 26]

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