The Biden administration just can’t seem to resist the urge to bail out student loan borrowers. After their previous plan was crushed by the Supreme Court, they’re back at it again with a new scheme to shower debt relief on anyone and everyone.
The Department of Education released a paper outlining their latest plan, which involves using the Higher Education Act of 1965. They claim to be targeting five specific groups of borrowers, but let’s be real here, it’s just another attempt to forgive as much debt as possible without any real regard for who deserves it.
Now, they’re going to sit down with so-called “stakeholders” and negotiate the terms of this massive giveaway. But who are these stakeholders? Probably a bunch of liberal activists and special interest groups who want nothing more than to see hardworking taxpayers foot the bill for other people’s poor financial decisions.
Education Secretary Miguel Cardona had the audacity to claim that the Biden administration is “fixing” the student loan system. Really? How exactly is giving away billions of dollars fixing anything? It’s only going to encourage more irresponsible borrowing and put an even greater burden on taxpayers.
Biden Administration Gives Update on Student Loan Bailout Effort
— Townhall.com (@townhallcom) October 2, 2023
The Student Loan Relief Committee, made up of 14 affected groups, is set to discuss the debt relief issue paper in October. But don’t be fooled by the word “committee.” This is just a rubber stamp for the administration’s agenda. They’re not interested in hearing opposing viewpoints or considering the potential consequences of their actions.
Of course, they’re also inviting the public to provide comments, but let’s face it, they don’t care what we think. This is just a show to make it seem like they’re being transparent and inclusive. In reality, they’ve already made up their minds.
In the end, this is just another example of the Biden administration’s reckless and irresponsible approach to governing. They’re more interested in scoring political points and appealing to their base than they are in doing what’s best for the American people. It’s a sad day when our government prioritizes handouts over personal responsibility and fiscal responsibility.