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College Corruption Federal Debt Truth

Biden Will Eventually Cancel College Debt, And So Enrich The Squad

By Rod Thomson

Tax-sucking Congressional socialists continue to pressure kinda sorta President Biden to cancel at least $50,000 in student debt via executive order. Despite the enormous strain other Democrat policies have had on hard-working American families, this bailout to college grads will almost assuredly happen because this presidential anomaly’s handlers cannot or do not want to stand up to the radical left for long.

There are endless problems with this, which were well hashed out when Sen. Bernie Sanders made this college grad bailout a hallmark of his campaign. 

First, the fairness issue. Millions of Americans over many generations, myself and wife included, paid off student debt from college over the years. And now this crop of entitled college kids want a bailout, even as a college degree has diminishing value — and no real value in several degree areas. 

Second, the $1.6 trillion price tag is just another completely irresponsible load of national debt on a system that may not be far from buckling from already existing astronomical debt.

But there is also a little known element: Many of the most outspoken proponents of canceling student debt themselves have substantial college debt. They would directly benefit financially from their vote. If there was such a thing as a conflict of interest in Congress, this would be at the top of the list. But such unabashed corruption is simply accepted in D.C.

Make no mistake, every dollar of this debt will fall to the federal government, which is eventually paid by American taxpayers.

As members of Congress, these folks pull down $174,000 in taxpayer money, plus gold-plated benefits that literally no other Americans get. And now they also want taxpayers such as coal miners, convenience store clerks, maids, lawn service guys, roofers, road workers, pavers, pool installers, along with bankers, lawyers, doctors and business owners, to pay off their college debt. In fact, they want to force them to.

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It’s all pretty unconscionable on a moral level, but also the sheer chutzpah of socialists who supposedly want to help the little guys by spreading the wealth, demanding the little guys help pay off debts they can clearly afford to pay off themselves. A $174,000 annual salary makes them 5 percenters, making more than 95 percent of Americans — who they want to pay off their debt. This puts the lie to the whole schtick. Like every socialist ever in power, they simply want more for themselves.

And it’s right out there in plain sight. For instance, Democrat Rep. Rashida Tlaib owes $70,000 in college debt for her law degree and is one of the biggest proponents for Biden to sign away $50,000 with an executive order, as many, such as Senate President Chuck Schumer and Sen. Elizabeth Warren along with a bundle of others, say he has the authority to do so. (Obviously Constitutional authority is not what they are referring to.)

To blunt the obvious corruption in her position, Tlaib struggles up onto her self-righteous high horse and claims she didn’t become a lawyer to make money or buy “bougie cars,” but she went into the nonprofit world and worked as a lawyer for the good of the community. For that oh-so noble reason, her debts should be forgiven. (Probably should point out that many non-profits make more than most business owners or average lawyers, so, ah, no.)

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But it is classic socialist philosophy: Individuals are not responsible for the consequences of their actions, which parenthetically is why they favor releasing criminals based on skin color and not actions. They want the communal whole, via government, to pay for their consequences.

It’s not just Tlaib. Rep. Alexandria Ocasio-Cortez and Rep. Ilhan Omar both have substantial college debt and are vocal proponents of wiping out all college debt. There may be others. Since that is not going to happen in Congress, they favor Biden’s pen. 

Two-face socialist authoritarians just being true to themselves.

Rod Thomson is an author, former journalist, past Salem radio host and ABC TV commentator and Founder of The Revolutionary Act and The Thomson Group. Twice banned on TikTok. Follow him on Instagram. Like Rod on Facebook.


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2 replies on “Biden Will Eventually Cancel College Debt, And So Enrich The Squad”

Only congress can spend money and forgiving debt is spending money, so IMO it would be illegal without legislation to give him the power.

I thought so too. But apparently leftist legal scholars are building some sort of loophole for up to $50,000 per loan without Congressional action.

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