Biden Unveils His Student Debt Plan

After Joe Biden announced his plan to cancel a portion of student loan debt, reactions from across the country began to pour in.

Most Democrats supported the move, despite the fact that many Republican leaders believe it will worsen inflation and is a slap in the face to those who have already paid off their loans.

However, one well-known socialist is expanding on the announcement, requesting even more debt forgiveness.

Bernie Sanders (I-VT) is well known for his support for various programs and initiatives involving “wealth redistribution,” which is, of course, a common socialist mantra.

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That is why he supports the idea of forgiving student loan debt, even if he is dissatisfied with the end result. Biden’s plan will forgive $20,000 for anyone who received Pell Grants and earns less than $125,000 per year.

This follows a period during the pandemic in which they were not required to repay any loans. This pause will be lifted in January 2023.

Sanders responded on social media, saying that $20,000 isn’t nearly enough. And, if the government is willing to cancel billions of dollars in PPP loans, it can also cancel all student loan debt:

According to reports, the Biden administration did not consider canceling all student loan debt, despite the fact that many Democrats were pushing for the President to forgive up to $50,000 in debt.

Other leftist leaders declared it a victory for “social justice” and “racial equality,” citing the disparity in student debt between black and white students.

As Rep. Cori Bush posted tweet:

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Most critics say this has nothing whatsoever to do with race, and that black students are in no way more restricted from paying loans back.

However, it falls in line with the Democrat narrative, which appears to involve painting everything with the brush of racism and finding “discrimination” in every corner of the country.

In response, Donald Trump Jr. wrote:

Many citizens perceive a conflict between those who do not believe in handouts to solve economic problems and those who do not appear to have any other solution.

Some critics argue that the President’s plan will not only worsen inflation, but will also set a dangerous precedent: if they can forgive portions of student debt, what’s to stop them from also forgiving credit card debt? What about mortgages?

This strategy could also be a motivator for voters to turn out in the midterm elections.

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