President Joe Biden is getting ready to make one of the biggest mistakes of his presidency…again. And some people think it will be illegal and could cause his impeachment.
Biden will again give in to the pressure from the left to cancel student loan debt from the college-educated. He will take a legitimate debt accrued by someone who now has a college education and spread that debt out so that now those who are scraping by on minimum wage will be held responsible.
If you want to see the total lunacy of this move, you can take a look back at a scene in the 2020 presidential election.
During the campaign, then-Democratic primary candidate and Senator Elizabeth Warren made a stop in Iowa. She was challenged by a hardworking father about her plan to cancel student debt.
The father said, ”My daughter is getting out of school. I’ve saved all my money. She doesn’t have any student loans. Am I going to get my money back?”
WARREN: “Of course not”
“So you’re going to pay for people who didn’t save any money & those of us who did the right thing get screwed,” the father added.
"My daughter is getting out of school. I've saved all my money. She doesn't have any student loans. Am I going to get my money back?"
WARREN: "Of course not"
"So you're going to pay for people who didn't save any money & those of us who did the right thing get screwed" pic.twitter.com/7ZWkIOA4Rg
— Howard Mortman (@HowardMortman) August 24, 2022
Saagar Enjeti had this to say on Twitter, “Why is canceling student debt without dealing with the corrupt college behemoth such a dumb idea?
If you cancel 10k the amount of outstanding debt will return to today’s levels in just 4 years.”
Why is cancelling student debt without dealing with the corrupt college behemoth such a dumb idea?
If you cancel 10k the amount of outstanding debt will return to todays levels in just 4 years pic.twitter.com/U18QUnz4Wb
— Saagar Enjeti (@esaagar) August 24, 2022
And the Independent Women’s Forum tweeted this message: “Student loan forgiveness is reverse Robin Hood. It takes from the poor, and gives to the rich.”
@InezFeltscher is spot on about #StudentLoanForgiveness.
— Independent Women's Forum (@IWF) August 24, 2022
In spite of all this, Biden is ready to reallocate more than $300 billion in loans and it will make inflation worse and won’t put a dent in the student loan problem.
Say it ain’t so, Joe!