By Ray Cardello for April 11, 2024, Season 25 / Post 44

Robin Hood took from the rich to give to the poor. Robin Hood was a textbook Socialist. It made for a good story but not a good lesson. What Joe Biden is doing is the opposite of Mr. Hood. With Biden’s plan, 30 million Americans, regardless of income, can take their Student Loan Note and give it to their neighbor. Regardless of income, every man and woman in America will be on the hook for as much as $430 Billion. Biden has been claiming that Bidenomics, his failing economic blueprint, is built around the middle class. This illegal plan that Biden keeps pushing in defiance of the Supreme Court will take money from someone who may make $1.5 million in their lifetime for someone who will earn upwards of $5 million in their lifetime. It appears that the graduates will have a better lifetime thanks to people they do not know.

Polls show that 62% of Americans think that there should be some level of forgiveness for graduates. 62% of Americans are wrong. There is no justification for this forgiveness. The only reason is for votes, plain and simple. Joe Biden used this shell game successfully in the 2022 midterms. He put the promise out, and Democrats garnered the extra votes on this issue before the Supreme Court shut it down. The graduates did not get the cash, but the Democrats did get the votes. Can graduates be foolish or naive enough to fall for the same ploy again? Biden is banking on it. The scheme is actually twofold. He is hoping for votes, but the attention focused on the subject is blowing smoke on the hobbled Biden economy.

The Biden Plan is one symptom of the financial pandemic seizing higher education. The other, fueled by easy tuition financing and the promise of forgiveness, is out-of-control increases in tuition rates. It seems like we were aghast at $60,000 annual tuition just a year ago, but this year, we see numerous schools pushing the bar to $90,000 and more. These are not just the Ivy League schools; Tufts in Boston is proud of their $95,000 rate. The sky is the limit if students are willing to pay or mortgage their future.

Returning to forgiveness, why should we even think about it. Well, Congresswoman Cortez has the answer. These people deserve it. Whether they use the money to buy a house, have a child, or tour the world, it is life-changing. That is Liberal bullcrap. I would like to tour the world in my retirement, but I do not see the President saying here’s $20K for you, Ray, compliments of your neighbors. Credit card rates are over 30%, which used to be the rate the Mob charged. I don’t see the President going after those rates, but is attacking the $10 late fee, like that makes a difference. There is no legitimate reason. There is only Progressive spin and their hope that the votes get harvested before the Supreme Court shuts down this farce.