Tuesday, August 30, 2022

COMMENTARY_ Biden buys the vote with student loan forgiveness

THE WASHINGTON TIMES

Biden buys the vote with student loan forgiveness


Illustration on student loan forgiveness by Alexander Hunter/The Washington Times more >

COMMENTARY


By R. Emmett Tyrrell Jr. - - Tuesday, August 30, 2022

OPINION:



Washington—Supposedly President Joe Biden’s popularity went up last week. How did he achieve this feat, raising his popularity from 32% to the low 40s? He did it the old-fashioned way. Joe bought the votes of 20 million students who have been stupid enough to take out usually catastrophically burdensome student loans.

At first, Joe was reluctant to give in to these students and their vast array of advocates. Then he decided to give them as much as $10,000 in debt relief for their vote. Then he dithered for months. Finally, he said last week he would buy their votes for as much as $20,000 apiece. The hell with those poor suckers who have paid off their student loans and for any other suckers who will pay off any debt that they owe the U. S. Treasury.

Maybe it is time to close down the IRS. In his latest misnamed bill, the Inflation Reduction Act, Joe has enlarged the IRS by 87,000, eventually costing the electorate an estimated $80 billion. In his student loan relief bill, he will cost the electorate an estimated one trillion dollars. In the meantime, we are trying to whip inflation by cutting spending, but by cutting it where? It seems to me that there is a lot of dizziness within this administration. Consistency is not their strong suit.

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READ MORE: https://www.washingtontimes.com/news/2022/aug/30/biden-buys-the-vote-with-student-loan-forgiveness/

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