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Biden prepares to forgive student debt amid plunging approval

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Republican Sen. Mitt Romney called out what is obvious to any political analyst as President Biden’s approval from a core constituency continues to sink: His …
Republican Sen. Mitt Romney called out what is obvious to any political analyst as President Biden’s approval from a core constituency continues to sink: His openness to canceling a substantial portion of the $1.6 trillion in student loans owed by 43 million people looks an awful lot like a bribe. « Desperate polls call for desperate measures: Dems consider forgiving trillions in student loans, » the Utah lawmaker and former GOP presidential nominee tweeted Wednesday. « Other bribe suggestions: Forgive auto loans? Forgive credit card debt? Forgive mortgages? And put a wealth tax on the super-rich to pay for it all, » he wrote. « What could possibly go wrong? » During the 2020 presidential campaign, Biden supported canceling up to $10,000 of debt per student, but he’s now open to forgiving a much larger amount, according to a California Democratic congressman who was with the president Monday in a meeting of the Congressional Hispanic Caucus. Rep. Tony Cardenas told CBS News that Biden offered no details regarding loan forgiveness but « smiled » and said: « You’re going to like what I do on that. I’m looking to do something on that and I think you’re going to like what I do.

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