Giving Our Money Away Again
President Biden thinks his real title is “Spender in Chief,” not Commander in Chief. He is always throwing our money around. It seems every answer he provides has him committing our money without any clear explanation of his authority. His recent failings have caused him to refocus his efforts on a new, but recurring subject – student loans.
Biden is not the only one who wants to spend wildly. He has gotten immense pressure from his party (particularly the Left). Now that the Build Back Better boondoggle has tanked, the Left and other Democrats feel compelled to spend money somehow. They want to relieve the debt from student loans, and they are using the pandemic as a front for their battle on the issue.
Student loan repayments have again been deferred until August 1, 2022, with no interest accruing during the deferred period. Biden had said the deferral to February 1, 2022, would be it, but that did not hold for long. This is the sixth time the repayments have been deferred during the pandemic with zero evidence that the people who owe the loans are not capable of repayment.
The drumbeat for relief rolls on. Katrina vanden Heuvel who writes for the… Read More