Biden’s scheme to shift student debt to taxpayers

As the midterm elections fast approach, Democrats have lost a key demographic they relied on in 2020: college-educated men. The biggest defections from the Democratic Party since the last election have been by this group, amid an overall decline since inauguration of 19 points in support of Biden by those under age 35.

The Democrats’ playbook for attracting voters is to toss them some handouts. So it is no coincidence that, six months before Election Day, Biden is working on a plan to give potential supporters upwards of $500 billion.

A half-trillion dollars is a lot of money, even by today’s standards of sending truckloads of new cash to almost anyone who asks for it. Inflation is soaring to levels not seen in 40 years.

Student debt tops $1.7 billion, as racked up by merely 13% of the population due to overpriced higher education. Even House Speaker Nancy Pelosi has said that congressional approval is required before that debt is forgiven, which would burden all Americans.

Yet Biden plans to bypass Congress and instead transfer these dollars to his potential supporters through the Department of Education. Biden and the Democratic Party want to claim credit for this on the eve of the election.- READ MORE