Are you ready for some strongly-worded letters? Because that’s apparently all we are going to get from top Republican leaders after Joe Biden announced he’s going to illegally “cancel” student debt for some of the nation’s most well-off individuals.
As RedState reported, the plan will wipe out $10,000 worth of debt ($20,000 for pell grants) for people making less than $125,000 ($250,000 for joint filers). It gets so much worse, though. Apparently, the administration is going to allow people to use their 2020 income to qualify, which means lots of people making lots of money today are going to be eligible based on an artificially down income during the pandemic.
For my money, this is one of the most grotesque, morally deranged moves in modern American history. Yes, the welfare state isn’t new, but this is different. It’s a direct, targeted redistribution of wealth from the lower-middle class (and many in the upper-middle class who did things right) to mostly liberal, college-educated individuals who make more money and have far better employment prospects. Truly, it’s late-stage republic kind of stuff.
As I wrote a day prior to the announcement, it’s also impeachable behavior. Given the magnitude of the situation, you’d hope Republicans would be running to the closest microphone to explain exactly what was happening and to let it be known that Biden has crossed a line with his illegal act.
Sad to see what’s being done to bribe the voters. Biden's student loan forgiveness plan may win Democrats some votes, but it fuels inflation, foots taxpayers with other people’s financial obligations, is unfair to those who paid their own way & creates irresponsible expectations.
— Senator Mitt Romney (@SenatorRomney) August 24, 2022
Mitch McConnell trashes Biden's partial cancellation of student debt, calling it "student loan socialism" and a "slap in the face to every family who sacrificed to save for college, every graduate who paid their debt." He adds: "This policy is astonishingly unfair."
— Sahil Kapur (@sahilkapur) August 24, 2022
