A federal court vacated the Biden administration’s $400 billion student loan forgiveness plan on Thursday, calling it “an unconstitutional exercise of Congress’s legislative power.” Unfortunately, by the time the decision was handed down, the real goal of the gimmick had already been achieved; Gen Z and millennials turned out in droves on Election Day to turn the “red wave” into a “red trickle.”
We’ve long known that the politicians who support this scheme don’t give a damn about the moral implications of using taxpayer money to pay off debt that college students freely chose to take on. Sen. Elizabeth Warren, D-Mass., openly admitted the injustice of the policy on the campaign trail in 2020. What we know now, however, is that the potential recipients of this largess don’t care about those moral implications either.
Bread and Circuses, 2022 Style
When President Joe Biden first announced his “forgiveness plan” in August, the usual suspects fell all over themselves in praise of the unprecedented transfer of wealth. “Squad” member Rep. Ayanna Pressley, D-Mass., tweeted, “This is going to save and change lives.” Meanwhile, business writers like Rhett Buttle of Forbes.com claimed this policy would encourage small business creation and “provide a lifeline to tens of millions of Americans and Main Streets across America.”
A recent poll conducted by Intelligent.com tells a far different story. The online magazine, which bills…
