As he campaigns for a second term, President Joe Biden is working as hard as he can to shed his “Scranton Joe” persona and embrace the elite classes that bankroll his candidacy by adopting policies that punish the working class.
On Monday, Biden announced that his administration is implementing yet another plan to cancel federally held student loans for millions of borrowers. The new plan is far-reaching and cancels interest accrual for some borrowers while completely canceling the debt of borrowers who are eligible for loan forgiveness programs but have not enrolled in them.
The effort is Biden’s latest attempt to buy votes from the upper-middle-class demographic that took out student loans as he desperately tries to cling to the presidency for another term. It’s a disgraceful election-year pander that blatantly transfers wealth from the lower economic classes
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