President Biden seems to have discovered that giving away half a trillion dollars — the cost of his student loan forgiveness — that future taxpayers will have to pay back to our lenders might be bad politics.
According to the Washington Times:
President Biden has barely mentioned his massive student loan forgiveness plan in speeches to friendly, Democratic audiences, sidestepping the controversial issue as the midterm election season heats up.
Following Mr. Biden‘s Aug. 24 announcement canceling up to $20,000 in student loans for individuals making less than $125,000, he‘s delivered 13 public remarks, including six speeches focused on his legislative accomplishments.
Yet Mr. Biden only mentioned his student debt relief plan only once. In an address Thursday to the 45th Congressional Hispanic Caucus Institute Gala, the president briefly brought it up, saying that nearly half of the Latino students with federal loans will see their debt totally forgiven.