Joe Biden still trails Donald Trump in the latest polls.
The 2024 election will not be the cakewalk that some Democrats expected.
Now Biden is attempting to buy off voters with one unconstitutional act.
Joe Biden is losing steam among traditional Democrat voters.
Donald Trump is doing better than expected among nonwhite voters, and one poll shows voters between 18-29 favoring Trump over Biden 58-40.
Republicans have not won that age cohort since 1988, so Biden is desperate to sew up the Gen Z vote.
Trying to buy votes
That is why Biden is attempting to increase student loan forgiveness.
Democrats have attempted to paint Trump as a tyrant, but Biden openly bragged about defying the Supreme Court on the issue of student debt relief.
In 2021, Rep. Nancy Pelosi said during a press conference, “People think that the President of the United States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does not have that power. That has to be an act of Congress.”
Biden did it anyway and used a September 11 provision to discharge debt for some student borrowers.
After the Supreme Court ruled against Biden, Pelosi magically changed her tune, whining that the ruling “cruelly. . .[allowed for] a crisis of debt to continue holding back families from buying homes, starting businesses and making ends meet. . .President Biden is to be commended for his action to ease the student loan burden, which disproportionately harms women and people of color. . .Energized by our commitment to equity, justice, and opportunity, the fight is not over.”
Nevertheless, Biden is again trying to buy off the youth vote with even more unconstitutional debt relief.
His scheme would purportedly reduce debt by $5,000 or more for 10 million borrowers.
Biden announced, “While a college degree still is a ticket to the middle class, that ticket is becoming much too expensive. . .Today, too many Americans, especially young people, are saddled with too much debt.”
Outdated model
First of all, a college degree is no longer a ticket to the middle class.
The job market has become oversaturated with college degrees, which makes a degree worth less.
Meanwhile, trade schools have become better options for young people who do not want to be burdened with unpayable debt.
Also, Biden is ignoring why college has become so expensive in the first place.
When the federal government began guaranteeing student loans, it created a moral hazard where universities could jack up tuition because they knew the need-based loans were secured by the government.
Getting rid of government-backed loans would eliminate a big chunk of the college tuition bubble.
Stay tuned to Unmuzzled News for any updates to this ongoing story.
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Author: rg_jk
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