Biden planning to push 'simply bad policy'

Thursday, November 19, 2020
 | 
Chris Woodward (OneNewsNow.com)

Burning moneyJoe Biden is in favor of student loan forgiveness, but not everyone is fond of the idea.

Mary Clare Amselem, policy analyst in education policy studies at The Heritage Foundation, says it is something a Biden administration would be open to doing either through executive order or through the legislature.

The ability for the president to do it through executive order is iffy at best," she adds.

Amselem is one who believes student loan forgiveness is "simply bad policy."

"It's asking for working-class Americans to pay for the college degree of the educated elite," she continues. "I think it's important to remember that two-thirds of Americans do not hold bachelor degrees, and so if we're talking about forgiving student loan debt, we're asking hard-working Americans to give up a portion of their paycheck to pay for students who decide to go to college."

Meanwhile, it appears that even some Democrats might not favor Biden's plan.

Amselem

"The plan that Biden is proposing is not going to go far enough to satisfy progressives in my party," former Obama campaign director Robin Biro recently told "John Bachman Now" on Newsmax TV. "The way it's structured, you have to have paid those payments for 20 years to be eligible for this, and it limits the payments to five percent of your discretionary income. So it's not complete forgiveness, rather trying to manage the payments themselves."

Biro, a self-described JFK-style Democrat living in an AOC world, thinks that is something Republicans and Democrats can probably get along with. "But we have to do something about the cost itself of education in the United States," he stresses, calling it "exorbitant."

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