President Biden is redoubling efforts to enact his student loan forgiveness plan. It promises to forgive $400 million in debt for tens of millions of Americans. So it enjoys popular support.
But Republicans oppose it as much as they opposed President Obama’s healthcare plan.
Student loan forgiveness
Biden’s debt forgiveness plan delivers on a campaign promise that would cancel $10,000 in federal student loan debt for those making less than $125,000 or households with less than $250,000 in income per year. Pell Grant recipients would get an additional $10,000 in debt forgiven.
Republican-led states and lawmakers in Congress are lined up against the plan, pointing to its price tag and calling it a violation of Biden’s executive authority. It is being challenged in the Supreme Court, which is expected to rule by June.
(Newsweek, March 12, 2023)
Loan forgiveness is like gun control
Republicans control the House. So Biden’s plan does not even stand a snowball’s chance in Hell of becoming law. And it hardly matters that most Americans support it. After all, most Americans support Biden’s plan to reduce gun violence. Yet…
Supreme Court to rule on loan forgiveness
The fate of Biden’s plan is now up to the Supreme Court. And that portends its doom. After all, the Court votes along ideological lines now more than ever. And this is especially the case on partisan issues like student loan forgiveness, voting rights, gun control, and abortion.
So everyone expects the six justices Republican presidents appointed to vote against it. And that’s only because Biden is a Democratic president.
Who stands to benefit most from loan forgiveness
Poor Whites stand to benefit most from Biden’s loan forgiveness plan. But Republicans are banking on suffering no consequence for opposing it. Because they never have. And this, despite opposing all kinds of Democratic plans that benefit poor Whites.
Exhibit A, of course, is Obama’s affordable healthcare plan. Republicans opposed this benefit for them even while enacting tax cuts for the rich.
Even worse, though, is the way the rich patronize the poor. Because these SOBs avoid billions in taxes. Then they pat themselves on the back for giving millions to charity.
Student loan forgiveness and racism
Two weeks ago, the protesters outside the Supreme Court were mostly Blacks and Hispanics. Given the above, this came as no surprise.
Simply put, poor, self-abnegating (White) fools explain why the rich keep getting richer and the poor keep getting poorer. This phenomenon explains why poor Whites support Republican opposition to Biden’s student loan forgiveness plan.