Staff Reports
President Joe Biden, once again, is pushing his liberal agenda to forgive or lessen student loan debts for millions of borrowers. The upcoming announcement of this plan is just in time for the November election, isn’t that convenient? The Wall Street Journal reported that Biden will be unveiling this new scheme in a speech in Wisconsin. It seems like Biden is really trying to score some brownie points with the cheese-loving people of Wisconsin, especially as he’s been slipping in the polls.
This new plan is said to involve revamping rules under the Higher Education Act to categorize different types of debt relief. However, legal hurdles are expected, and it’s no surprise considering the Democrats’ track record of pushing through controversial and shaky plans. Biden has already faced backlash from the Supreme Court for his original wide-ranging proposal back in 2022. Now, he’s at it again, but this time with what seems like a slightly different approach.
Supreme Court struck down his student bailout and yet he will announce $140B more next week?
Biden’s $140 billion bailout: How Joe is preparing to use student loans as a campaign promise again
President Joe Biden is reportedly set to announce another effort to forgive or… pic.twitter.com/6LuB3xxRL1
— floridanow1 (@floridanow1) April 5, 2024
The Biden administration has already dished out a whopping $144 billion in student loan forgiveness, but their generosity is not without opposition. Republican state attorneys general are lining up to challenge these efforts. It seems like Biden is determined to spend taxpayer money like it’s Monopoly money on his pet projects, despite the pushback from those who are concerned about fiscal responsibility.
And what’s this about Biden’s slipping approval ratings with younger voters and key Democratic groups? It seems like he’s desperate to win back support. This could explain his sudden interest in pandering to Latino voters in states like Arizona. But let’s not forget that all these attempts to sway voters with promises of debt relief are just hollow political maneuvers. Biden may be hoping that his efforts will tip the scales in his favor, but only time will tell if this ploy will be enough to save his sinking ship.
