This week, President Biden signed an executive order to cancel up to $10,000 in student loan debt per recipient and up to $20,000 for those who received the Pell Grant. There is no such thing as canceling or “forgiving” student loan debt. This debt will be transferred to hardworking American taxpayers and will worsen inflation while rewarding overpriced colleges.
Just as President Biden’s open borders policy makes suckers out of the law-abiding scientists and engineers waiting patiently for years to come to America legally, Biden’s amnesty on student loan debt makes suckers out of the millions of working and middle-class Americans who paid their student loans debts as they pledged to do. This election season give-away is also a stick in the eye to the two-thirds of American adults without a bachelor’s degree. Fast food workers, truck drivers, and firefighters already struggling to make ends meet in President Biden’s self-inflicted recession will be subsidizing affluent white-collar and Ivy League professionals while the government refuses to hold universities accountable for their skyrocketing tuition rates. This move by the Biden administration fuels the dumpster fire that is the inflation crisis and is a slap to the face to American taxpayers.
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