Democrat’s plan a bold $147B student-loan debt ‘October surprise’

The Biden-Harris team appears to be preparing for an “October Surprise” related to student loan cancellation, with the possibility of it happening even before early voting begins.

Once again, they are planning to shift the burden of student debt cancellation onto the 90% of Americans who do not have student loans, in an attempt to win favor with indebted voters.

This time, they have embarked on a direct-marketing campaign to appeal to these voters ahead of the upcoming presidential election.

Their new loan-forgiveness effort seems to be carefully crafted to account for their previous legal setbacks.

The Department of Education has set a deadline of August 30 for borrowers who wish to opt out of the forgiveness plan for reasons such as tax liability, signaling that a plan to cancel at least $147 billion in loans could be rolled out shortly thereafter.

However, the specifics of this plan have been kept secret to prevent borrowers from making an informed decision and to hinder potential legal challenges from states.

The Biden-Harris team seems to be aware that their actions may be deemed unlawful, but they are pursuing loan cancellations preemptively to evade legal scrutiny.

Instead of complying with the law, they are seeking ways to bypass court rulings that have been unfavorable to them.

Nancy Pelosi has pointed out that only Congress has the authority to enact debt forgiveness, highlighting that the administration’s actions are motivated by politics rather than good policy.

Education Secretary Miguel Cardona has reinforced this perception by sending partisan messages to borrowers through official government channels, defending the administration’s controversial loan programs.

This latest attempt at student debt relief is another move by the Biden-Harris administration to gain political advantage through controversial means.

Despite facing opposition in court, the administration has managed to erase a significant amount of student loan debt through various initiatives, sparking concerns about the legality and ethics of their actions.

State attorneys general have the power to challenge this new wave of loan forgiveness and prevent what they view as a blatant attempt to buy votes.

Republican attorneys general are urged to take decisive action to counter the administration’s questionable tactics, as they have a limited window of opportunity to do so.

Michael Brickman, the education policy director at the Cicero Institute and an adjunct fellow at the American Enterprise Institute, raises concerns about the Biden-Harris team’s actions and calls for accountability in the face of potentially illegal practices.