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Did Biden Make a Grave Political Miscalculation on Canceling Student Debt?

AP Photo/Susan Walsh, File

In 2022, Joe Biden, in a blatantly transparent effort to bribe voters, announced a student loan cancelation plan that he had absolutely no authority to implement. The Supreme Court ultimately struck it down, but that hasn't stopped him from using various loopholes to "cancel" more and more student debt as he hopes to win back the young voters who have abandoned him.

His most recent move was the "cancelation" of $6.1 billion in student loan debt for 317,000 borrowers who attended the Art Institutes. I wonder what the political views of those borrowers tend to lean toward. Even the pro-Biden media saw right through it, like CNN's Scott Jennings, who mocked Biden's braggadocious attitude regarding the latest move. 

His hubris hasn't stopped with canceling debt; he's been openly bragging about it on the campaign trail and even in official speeches—like his State of the Union. Thinking he has a true political winner on his hands, he isn't shy about contrasting his efforts to "cancel" student debt with Trump's opposition to it.

This strategy would be hard to pull off under normal circumstances, but it seems particularly problematic right now, as antisemitic protests and riots are underway at college campuses nationwide, putting the public at large in a position to link his debt forgiveness plans to paying off the loans for students who are being indoctrinated with antisemitic sentiment. 

Even leftist pundit Bill Maher made that connection.

"I’m so incensed about some of this stuff, because, when I read about the college loans. [...] 'Biden administration's student debt cancelation will cost a combined $870 billion to $1.4 trillion.' That's a lot of debt forgiveness," Maher said. "Okay, so, colleges constantly raise tuition, then the kids take out more loans, then the government comes by and pays those loans. Okay, so my tax dollars are supporting this Jew hating? I don't think so." 

Meanwhile, Biden's bribes to America's youth aren't exactly working. According to a Bloomberg News/Morning Consult poll from December, "A plurality of swing-state Generation Z voters — those born in 1997 or later — say Biden is not doing enough to address the burden of student loan payments, even after he has erased $127 billion in such debt in initiatives that are widely thought to be aimed at locking in that key demographic."

"It hasn't worked," Bloomberg Businessweek correspondent Joshua Green told Maher. "If you look at issues that young people care about, Gaza is like 15th out of 16th. And the only thing that comes in lower than Gaza is student loan forgiveness. So it hasn't worked as a motivator for the youth vote, you know, half of which are out there chanting ‘Genocide Joe.’ So it's backfired not just in terms of public policy, but in terms of the politics, too." 

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