Imagine if Joe Biden Cancelled Student Loan Debt.
The President has the power to ease a financial burden for millions of people, and he should do it.
After a month in office as President of the United States, it’s no secret that many on the left have been disappointed in Joe Biden’s willingness to fight for the implementation of what even he has identified as his policy goals, like a $15 dollar minimum wage or another direct check to Americans in the midst of the Covid-19 pandemic. Aside from attempting to pass his $1.9 trillion dollar relief package, Biden has also faced increasing pressure from not only the left to cancel all student loan debt, but even some of his fellow more center right Democratic lawmakers like Chuck Schumer are calling for him to cancel up to $50,000 in student loan debt through executive order. In a stance that probably wouldn’t surprise many of us, Joe Biden has argued that he would be willing to cancel $10,000, but conveniently feels that he does not have the constitutional authority to cancel any more than that.
Putting aside the blatant lying and infuriating weakness of that excuse, one can’t help considering the fact that when it comes to Democrats like Biden, they have become too insulated from what average Americans are experiencing and struggling with. Not only do they feel comfortable ignoring the obvious benefits to such bold action, they will lie in their reasonings against it because they are too afraid to admit it’s because their donors don’t want them to. Frankly, it’s difficult to even know where to begin when considering the impact on not just the borrowers, but the country overall if Biden were to cancel student loan debt.
With the stroke of a pen Biden could not only wipe debt clean that otherwise potentially will be following people for the rest of their lives, he would be instigating mass, immense psychological feelings of relief in doing so. Imagine the freedom as well. The freedom that comes with a clean slate, and the ability to make decisions about one’s future without having to take into account tens if not hundreds of thousands of dollars of debt one has accrued for simply doing what we have been told for decades is the most practical, responsible thing to do: get a college degree.