In article <t2al82$3g466$233@news.freedyn.de>
governor.swill@gmail.com wrote:
>
> Every day Biden does stupider things.
> The only thing stupider is Kamala.
>

Less than three months before the midterm elections, President
Joe Biden is expected to announce plans to �forgive� up to
$10,000 in student loan debt for Americans who earn less than
$125,000 a year by burdening taxpayers with that debt and
freezing loan payments for about four more moths � long enough
to last through the November midterms.

It�s an illegal move that will likely exacerbate inflation, but
with help from the corporate media spin machine, it could give
Democrats, desperate to gain some ground with voters who say the
nation is heading in the wrong direction, a small boost.

Biden had plenty of opportunities to dump the debt of the rich
on poorer taxpayers over the last year and a half, but he
refused. Why? Because he wanted to save it as a last-ditch
effort to bait Americans over to the left side of the political
aisle in a key election that will determine whether Democrats
keep control of the House and Senate.

Instead of giving in to pressure from activists and Democrats
such as Senate Majority Leader Chuck Schumer, Sen. Elizabeth
Warren, and Rep. Ayanna Pressley, who begged him to relieve up
to $50,000 of college bills per borrower as early as February
2021, Biden waited for the prime political moment to touch the
$300-$980 billion pile of qualifying student debt.

What would make Democrats on the campaign trail more willing to
close the distance they�ve created between themselves and the
catastrophic Biden administration? Perhaps the ability to tout
Biden�s misnamed �student loan forgiveness� as a part of the
Democrat platform.

Of course, shoving the dues of millions of Americans onto
taxpayers and delaying other loan payments isn�t popular with
everyone. Biden�s decision to relocate debt will likely anger
millions of voters who did, as one Iowa father explained to
Warren in 2020, �the right thing� by paying off their student
loans. Despite their hard work, delayed vacations, and strict
budgeting, those Americans will not be rewarded anything except
more financial strain. Biden�s plan will also likely vex the
millions of Americans who had the financial foresight to choose
a more affordable path to a career.

Yet Biden�s approval rating is so bad that he�s apparently OK
with frustrating a large part of the country to cater to heavily-
indebted Democrat voters and government employees who have
propped up his presidency despite its laundry list of crises and
flaws. Surveys suggest that approximately 1 in 5 Democrats
wouldn�t vote for Biden if he didn�t do something about student
loan debt. That�s not something Biden or his cronies in Congress
are willing to risk in November.

https://thefederalist.com/2022/08/24/bidens-plan-to-dump-student-
loan-debt-onto-taxpayers-is-blatant-vote-buying/

On Fri, 2 Sep 2022 01:05:16 +0200 (CEST), Fred J McCall
<fjmccall@gmail.com> wrote:

>In article <t2al82$3g466$233@news.freedyn.de>
>governor.swill@gmail.com wrote:
>>
>> Every day Biden does stupider things.
>> The only thing stupider is Kamala.

You misspelled "Donald Trump". hth

>Less than three months before the midterm elections, President
>Joe Biden is expected to announce plans to “forgive” up to
>$10,000 in student loan debt for Americans who earn less than
>$125,000 a year by burdening taxpayers with that debt and
>freezing loan payments for about four more moths — long enough
>to last through the November midterms.
>
>It’s an illegal move that will likely exacerbate inflation,

it's quite legal and was already passed as part of the HEROES act. It
will cost less than half what PPP cost and most of the PPP money was
wasted by small businesses who "leaked" it away from workers to other
purposes.
https://www.stlouisfed.org/publications/regional-economist/2022/jul/was-paycheck-protection-program-effective

> but
>with help from the corporate media spin machine, it could give
>Democrats, desperate to gain some ground with voters who say the
>nation is heading in the wrong direction, a small boost.
>
>Biden had plenty of opportunities to dump the debt of the rich
>on poorer taxpayers over the last year and a half, but he
>refused.

Lol! You got it bass ackwards. It's the poor carrying the debt. The
rich aren't having any debt issues.

> Why? Because he wanted to save it as a last-ditch
>effort to bait Americans over to the left side of the political
>aisle in a key election that will determine whether Democrats
>keep control of the House and Senate.

You would be whining about it no matter the timing.

>Instead of giving in to pressure from activists and Democrats
>such as Senate Majority Leader Chuck Schumer, Sen. Elizabeth
>Warren, and Rep. Ayanna Pressley, who begged him to relieve up
>to $50,000 of college bills per borrower as early as February
>2021, Biden waited for the prime political moment to touch the
>$300-$980 billion pile of qualifying student debt.

It appears Biden correctly realized that the hard left of his party
was expecting too much and he pared back their demands significantly.

>What would make Democrats on the campaign trail more willing to
>close the distance they’ve created between themselves and the
>catastrophic Biden administration?

Hardly catastrophic. He's made significant cuts to the deficit,
neutralized most of the worst of Trump's EOs and passed more
legislation supporting working persons than I would have expected.

>Perhaps the ability to tout
>Biden’s misnamed “student loan forgiveness” as a part of the
>Democrat platform.
>
>Of course, shoving the dues of millions of Americans onto
>taxpayers and delaying other loan payments isn’t popular with
>everyone.

What we should be doing is lowering the cost of higher education to
start with.

> Biden’s decision to relocate debt will likely anger
>millions of voters who did, as one Iowa father explained to
>Warren in 2020, “the right thing” by paying off their student
>loans. Despite their hard work, delayed vacations, and strict
>budgeting, those Americans will not be rewarded anything except
>more financial strain. Biden’s plan will also likely vex the
>millions of Americans who had the financial foresight to choose
>a more affordable path to a career.

I don't think the Dems care what Rep voters think. They know they
won't get those votes no matter what.

>Yet Biden’s approval rating is so bad that he’s apparently OK
>with frustrating a large part of the country to cater to heavily-
>indebted Democrat voters and government employees who have
>propped up his presidency despite its laundry list of crises and
>flaws. Surveys suggest

"Surveys suggest?"

>that approximately 1 in 5 Democrats
>wouldn’t vote for Biden if he didn’t do something about student
>loan debt.

Hmm . . . that claim smells like a hot barn.

>That’s not something Biden or his cronies in Congress
>are willing to risk in November.
>
>https://thefederalist.com/2022/08/24/bidens-plan-to-dump-student-
>loan-debt-onto-taxpayers-is-blatant-vote-buying/

When did keeping your promises to your constituents become vote
buying?

Swill
--
Lock him up!