August 31, 2022

The nine most terrifying words in the English language are: I’m from the Government, and I’m here to help.

Ronald Reagan, Aug. 12, 1986

On Aug. 25, 2022, President Biden announced that “Twenty-seven million people who will get $20,000 in debt relief” and “nearly 45 percent can have their student debt fully cancelled.” 

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His official reason for this was his desire to help people burdened by crippling student debt. 

The real reason he did it was that his poll numbers are abysmal due to his disastrous policies and he needs to buy some votes before the November 2022 elections. 

Further, this program will likely never come to pass because, as the Department of Education, Nancy Pelosi, and others have stated, Biden does not have the authority to do this and his executive order may be struck down by the courts. 

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Of course, typical of disingenuous D.C., Pelosi immediately flip-flopped once he announced it. 

Even so, Biden can in that case claim, probably while yelling at people or creepily whispering to them, that he tried to do it but evil MAGA forces in the courts invoking this thing called “the law” stopped it.

The terms in which Biden frames his thoughtless policy are deceptive.  Biden cannot “cancel” these debts.  If John owed a debt to Joe Biden, he could say, “John, I decided you don’t need to pay me back the $10,000 you owed me.” 

Unfortunately, Joe appears to have forgotten, which happens a lot in Washington D.C., that this is not his money.  Since the debts are owed to various other institutions, he does not have the right to decide that it will be cancelled.  

As a consequence, if Joe does not require the students who incurred the debt to pay it back, it will have to be repaid by somebody else.  If for example, Jack, a “Queer Studies” Major, owes $10,000 dollars in student debt and Biden “cancels” or “forgives” $10,000 of it, someone else will have to pay that $10,000.  This will, of course, be the taxpayers, many of whom never went to college because they were too busy working for a living in a real job or trade.   

For some unexplained reason Biden thinks it is simple and fair that some steelworker Bill who never had the chance to go to university and has spent his life working himself to the bone for his family has to pay part of John’s student debt because John, with a degree in Queer Studies, cannot find the kind of job he thinks he’s entitled to.  One can assume that Bill will not find this fair, but the Democrats’ hope is that because the payment for John’s worthless degree is hidden in Bill’s taxes, he will not notice it enough to stop voting Democrat.