Last week, just three months before the midterm elections, President Joe Biden announced that it was preparing to unilaterally implement a student loan debt cancellation plan that would “cancel up to $20,000 in federal student loans for millions of people,” according to the New York Times.
Who will be responsible for repaying such debts? You, the American taxpayer.
Biden has been criticized on all fronts. Republicans correctly pointed out that not only did Biden lack the power to do so, but it was also unfair to the millions of people who had paid off their debts without the government “forgiving” him. A surprising number of Democrats agreed while other Democrats and even some pro-Democrat newspaper editorial boards pointed out that “pardon” would primarily benefit people who don’t need help.
In response to all the criticism, the Biden White House took the low road, first insulting the intelligence of millions of Americans by claiming that Biden had the power to accomplish this action through the HEROES Act of 2003. , which was written after 9/11. attacks with the aim of “bringing relief to… [and] to meet the financial damages of such a war, other military operation or emergency,” according to an August 23 memo from the general counsel of the Department of Education.
The “emergency” in this case, according to this same memo, is the COVID-19 pandemic.
During a press briefing last Thursday, however, a Fox News reporter called out the Biden administration over its rationale for the loan cancellation plan, because in the spring of this year they actually argued in front of the courts that Title 42, a Trump-era policy aimed at limiting the spread of COVID-19 by illegal immigrants from countries with high rates of communicable diseases, should be allowed to expire on the basis that the pandemic was over and that, therefore, the policy was no longer needed.
So what has changed in the three months since this argument was made? We’re close to election time, and Biden — seeing a small uptick in his endorsement count and an apparent increase in Democratic voter motivation after the Supreme Court overturned Roe v. Wade – is set to bolster his support base, which has been clamoring for him to act on student loan forgiveness long before he took office.
Indeed, according to a detailed Washington Post report on how Biden made his decision, “[Biden] became convinced that aggressive student debt relief would give Democrats a better chance of holding Congress in the fall thanks to a much-needed boost from young voters and people of color.
Additionally, congressional Republicans who took to Twitter to criticize the plan received “but you got PPP loans that were forgiven” messages from the official White House Twitter account, which is now run by a ” awake” of 25 years.
Comparing PPP loans, of course, is an apples and oranges comparison. For starters, unlike Biden’s student loan forgiveness plan, the PPP loan program was passed by Congress at a time when the government was forcing businesses to close or drastically reduce hours and services due to the COVID pandemic. The loans were made (and canceled) to be used to keep businesses afloat and workers paid.
This is not the same as voluntarily entering into a student loan agreement that you are obligated to repay.
Democrats believe this will be a “winning” question for them come election time. I have a hunch, however, that any supposed “momentum” they gained in June was blunted by this decision, which has enormously angered millions of Americans who are struggling to make ends meet and repay their own debts that will now be on the hook for someone else, too.
Stacey Matthews, originally from North Carolina, also writes under the pseudonym Sister Toldjah and is a media analyst and regular contributor to RedState and Legal Insurrection.