President Biden got into office on all sorts of promises: fixing COVID, bringing back jobs, big checks for everyone, prescription drug reform, and ending student debt.
As we’ve all found out, most of that was just bunk or half-truths that he never planned to follow through on.
The latest betrayal comes on student loan forgiveness. Biden had made it sound like he’d be shelling out money left and right, but now it turns out he’ll be giving out exactly zero dollars.
The latest White House budget doesn’t include any option for student loan forgiveness; now, the far-left faction of the Democrat Party that forms parts of Biden’s base are furious.
‘The Public Should Pay for That? I Don’t Agree’
“You go to Penn [for] a total of 70,000 bucks [annually] and the public should pay for that?” Biden asked. “I don’t agree.”
It doesn’t help that Biden is right here; that’s not the point. Of course the public shouldn’t pay for your education; the idea is ludicrous.
The point is that he kept saying he would pay up once he was in office. First, it was up to $10,000. Then it turned out no, actually.
Biden took student loan cancellation out of his budget because Congress won't pass it, but nothing is stopping him from signing an executive order to cancel student loan debt himself.
He must do it.
— Gravel Institute (@GravelInstitute) May 24, 2021
Far-left people like Alexandria Ocasio-Cortez wanted Biden to forgive up to $50,000 and got Senate Majority Leader Chuck Schumer on board. When Biden said he wouldn’t even forgive up to $10,000, she went ballistic; AOC then began tweeting that “Biden’s holding back” and his arguments were crap.
Senator Elizabeth Warren also claimed cancelling student loan debt would “kickstart this economy.”
I guess more baristas being able to quit and pursue their dreams of experimental electronic music or gender exploration would definitely be a game-changer for sure.
Rep. @AOC: "We need to push [President Biden]. I believe in full student loan debt cancelation, but we have to push him to at the bare minimum a floor of $50,000 that Senator Warren and Senator Schumer have also advanced." pic.twitter.com/IhXoxFGky6
— The Hill (@thehill) May 25, 2021
Biden Says it’s Up to Congress to Take Action
In terms of student loan debt forgiveness, Press Secretary Jen Psaki said Biden was willing to forgive up to $10,000 if Congress moved forward and passed a bill.
“He’d be happy to sign,” Psaki said.
One of the ironic things about cancelling student loan debt is that the actual people who would be getting helped the most by such an action would be the wealthy.
— Forbes (@Forbes) February 17, 2021
In fact a recent estimate shows it would shovel $192 billion to the top 20% of earners in the country and only $29 billion to the bottom 20% of Americans.
Translation? Student loan debt forgiveness – on a large scale – is a giveaway to Ivy League folks and people who already barely need the service.
Nonetheless, Biden’s flip flop on this is a great symbol for his whole presidency: lots of promises and big dreams and almost no actual follow-through or fulfilled pledges.
The voter’s remorse must be getting hard to bear for lefties who came through for Sleepy Joe.