by Jordan Boyd at The Federalist
Less than three months before the midterm elections, President Joe Biden is expected to announce plans to “forgive” up to $10,000 in student loan debt for Americans who earn less than $125,000 a year by burdening taxpayers with that debt and freezing loan payments for about four more moths — long enough to last through the November midterms.
It’s an illegal move that will likely exacerbate inflation, but with help from the corporate media spin machine, it could give Democrats, desperate to gain some ground with voters who say the nation is heading in the wrong direction, a small boost.
Instead of giving in to pressure from activists and Democrats such as Senate Majority Leader Chuck Schumer, Sen. Elizabeth Warren, and Rep. Ayanna Pressley, who begged him to relieve up to $50,000 of college bills per borrower as early as February 2021, Biden waited for the prime political moment to touch the $300-$980 billion pile of qualifying student debt.
What would make Democrats on the campaign trail more willing to…
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