Biden's Plan to Forgive Student Loan Debt Prior to the Mid Terms

It makes sense on paper: A president that is woefully unpopular among young voters is reportedly considering a policy that is wildly popular among that cohort to give young voters a reason to show up in a midterm in which their support is desperately needed.

According to Bloomberg, President Joe Biden is considering forgiving $10,000 in student-loan debt per borrower (with eligibility capped at $125,000 to $150,000 in annual income).

https://nymag.com/intelligencer/2022/07/biden-might-finally-pull-the-trigger-on-student-loan-debt.html#comments

Inflation is at a 40 year high and this is estimated to cost well over $400 billion so it could backfire badly. That's at $10k per student so imagine if the progs get their way and make it $50k? The people he's trying to win over are the least likely to turn out and vote and with this select one off gesture he's likely to anger the many thousands/millions of people who got no such forgiveness of their own student loans and have already paid them off.

Did you realize that there are plenty of young congresswomen who have outstanding loans that this will benefit.

Calypso Jones wrote:Did you realize that there are plenty of young congresswomen who have outstanding loans that this will benefit.

Well yes Lol.   I imagine they are the ones who are trying to push it to $50k.

Calypso Jones wrote:Did you realize that there are plenty of young congresswomen who have outstanding loans that this will benefit.

Democrats don't know how to spell, identify nor say "conflict of interest" unless it involves a Trump supporter, a Conservative or a Republican.