It’s being reported this afternoon that a very desperate Joe Biden is looking at options to forgive all federal student loan debt this year.
Biden told this to the Democrat Congressional Hispanic Caucus today during a meeting at the White House:
CBS NEWS – President Biden is looking at different options to forgive most, if not all, federal student loan debt — a move that would thrill some of his most loyal supporters and financially strapped students nationwide, but is a departure from campaign pledges to provide limited relief.
The president shared his plans during a 90-minute White House meeting Monday with members of the Congressional Hispanic Caucus, participants in the exchange tell CBS News. The move could affect more than 43 million borrowers who hold more than $1.6 trillion in federal student loan debt, the second-largest debt held by Americans, behind mortgages.
At the White House press briefing on Monday, press secretary Jen Psaki reiterated that the administration would make a decision about canceling some student loan debt between now and the end of August or the pause would be extended further. The president has said in the past he supports canceling up to $10,000 in student loan debt. Psaki said she did not have anything to preview on the issue or how canceling student loan debt would work.
Shortly after Psaki’s briefing and just down the hall in the West Wing, the subject of student loans came up in the president’s meeting with Latino lawmakers, an exchange that also included detailed conversation about immigration policy, environmental justice and the forthcoming midterm elections, according to lawmakers in attendance.
When Hispanic Caucus members mentioned student loans, the president said he’s asked aides to explore his options — a signal to lawmakers that he may be willing to go farther than he pledged during the campaign.
“They’re looking at different options on what they can do. On forgiving it entirely. That was our request,” said one of the lawmakers in attendance, who asked for anonymity to speak frankly about the meeting.
It was not immediately clear how soon the president might act, but the August 31 deadline, set just as early voting will be starting in several states ahead of the midterms, is seen by many Democrats as a natural point at which to make such an announcement.
A natural point to make such an announcement, right as early voting begins in this year’s elections?
Puhlease. This is nothing but political vote buying at its worst. Democrats are hoping to BRIBE voters in order to try and stem the massive loses they are expected to see after they’ve ruined this country.
And by the way, this isn’t loan forgiveness at all. This is redistribution of those student loans to the taxpayers at large. We will be paying those loans off with our hard earned money so that Biden can bribe voters to vote for his party.