In addition to the fact that it’s likely going to be found illegal at some point, only about 13 percent of Americans have student loan debt. This giveaway leaves out all the people who didn’t go to college or who have already paid off their debt, which is most Americans. All of us know that Biden is attempting to juice the vote by giving his base a benefit that we aren’t all getting but that we’re going to end up paying for. They don’t even have a real number on what that would cost yet — one count was a trillion dollars at a time when we are already suffering from 40-year high inflation.
While Democrats cite polls claiming student debt forgiveness is popular, a new Cato/YouGov poll shows that the majority oppose it once they understand some of the results of such a move, like higher inflation and rising tuition prices. More