Such is the state of Democratic Party politics, where they have to give oodles of money away in order to get people to go to the ballot box
Progressives warn inaction on student debt could hurt Democrats in midterms
While the Biden administration has once again extended the pause on student loan repayments, some progressives have said that unless more is done, it could cost Democrats in the midterms in 2022.
The progressive wing of the Democratic Party is sounding the alarm over potentially losing voters and subsequent races if the campaign promise of canceling student loan debt goes unfulfilled by the Biden-Harris administration.
Before the pause was extended, several prominent Democrats voiced their concerns about payments starting again and how it could cost them the midterms.
Rep. Cori Bush, D-Mo., tweeted, that “forcing millions to start paying student loans again” will cost Democrats the midterms.
Perhaps they shouldn’t have been promising to cancel the debt of people who legally signed for it, knowing that it had to be repaid, particularly when so many used the money to get worthless degrees. No one is worrying about those with home loans, auto loans, or other loans. Why is it necessary to take care of those who signed to take the student loans as adults? Just because they are demanding it? If it causes Democrats problems in the midterms, that’s the fault of the Dem elites, who should have been telling those people “you took it, you pay for it. Stop ordering food delivery every day. Reduce your expenses.”
The total amount of student loan debt in the U.S. currently stands at $1.75 trillion.
The average student debt right now is $37,693. In 2020 dollars, debt in 2001 was $24,680. Perhaps Democrats should be looking at ways to lower the cost of college, which has skyrocketed due to Democratic policies at Democratic Party run colleges.
Natalia Abrams, president of the Student Debt Crisis Center, a nonprofit focused on ending the student debt crisis, told ABC News that “Democrats and lawmakers need to be careful because this is something the public has said they want.”
“If you can afford to pause student loan payments over and over again, you can afford to cancel it,” NAACP President Derrick Johnson tweeted after President Joe Biden announced his administration would extend the federal pause on student loan repayment for the third time in December.
What’s that old saying about people voting themselves money and the end of the Republic?
Vice President Kamala Harris responded to Ocasio-Cortez’s comment in a recent interview with CBS News, saying that Secretary of Education Cardona is looking into what the Biden administration can do to alleviate the pressure that borrowers are enduring from student loan debt. However, Harris also acknowledged the impact student debt is having on individuals across the country.
“Graduates and former students across our country are literally making decisions about whether they can have a family, whether they can buy a home,” she said.
That’s life for everyone, not just people who have student loans debt with a degree in Feminine Studies who can only get a job at a coffee house.
Back in July, House Speaker Nancy Pelosi said in a press conference that President Biden does not have the legal authority to use executive action to cancel federal student loan debt.
“People think that the president of the United States has the power for debt forgiveness; he does not,” said Pelosi. “He can postpone, he can delay, but he does not have that power, that has to be an act of Congress.”
Remember that.
Read: Democrats Think Not Giving Free Money For Student Debt Could Hurt Their Midterms »