Now that Biden is sinking like a stone in polls, even with young voters, he is talking about canceling more student debt.
But there is apparently a conflict between Biden and his vice president on this topic.
Trouble in paradise? Say it ain’t so.
Politico reports:
The Harris-Biden student debt divideEarly in April, Vice President KAMALA HARRIS’ office began collaborating with the White House on a social media video to promote the administration’s extension of its pause on federal student loan payments.Harris’ office then decided against it, according to two White House officials familiar with the matter.Ultimately, President JOE BIDEN released his own video and Harris issued a statement about the policy. It was a shift from December — the last time the administration extended the pause — when Harris and Biden both filmed social media videos about the extension that came down then and worked with advocates of student debt cancellation.Privately, Harris has advocated for additional loan forgiveness. One White House source said her office seemed initially eager to participate in the administration’s public dialogue around student loans. But conscious of progressives pushing Biden to unilaterally cancel tens of thousands of dollars in student debt and that Biden is resisting such lobbying, the vice president has been increasingly wary of becoming part of the public face of the administration’s response.
Critics on Twitter are pointing out that Harris clearly has her own ambitions:
What neither Biden nor Harris seems to understand is the anger this stirs in many people.
Aarthi Swaminathan reports at Yahoo Finance:
‘A slap in the face’: Some Americans are mad over potential student loan forgivenessAs the president weighs broad student loan forgiveness, some Americans expressing frustration over a policy they see as unfair.”While some may view this debt forgiveness as a slap in the face to people who were responsible and paid off their student loans, this is a bigger slap in the face to those Americans who never went to college,” Will Bach, a financial advisor based in Ohio, told Yahoo Finance.Research has shown that a college degree generally boosts an individual’s earnings over their lifetime. And given that any broad-based forgiveness would cost tens of billions of dollars, all taxpayers — not just by those who have a college degree — would be contributing to the cost of cancellation.”How can we honestly ask people who did not go to college to subsidize the lives of those who did decide to go to college?” Bach added. “To my knowledge, everyone with student loans voluntarily took them. Every instance of a student loan was a voluntary choice that person made.”
Biden’s mistake is listening to the Bernie/Warren wing of his party. They are pushing hard for this.
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