The Democrats know it’s not looking good for them. They’re pulling out all the stops.
And now Biden-Harris are moving to buy votes with an egregious October surprise.
The polls are proving that the bill of goods the Left is trying to sell just isn’t going the distance.
They’ll need to move quick if they have any hope of turning this around.
And they think they’ve found the silver bullet.
The Harris-Biden administration is once again playing politics with student loans, extending a moratorium on federal student loan repayments just weeks before the election.
With legal challenges mounting against Biden’s $475 billion debt cancellation plan, it seems no coincidence that the administration is using this hot-button issue to try and sway voters.
Around 8 million borrowers enrolled in the administration’s Saving on a Valuable Education (SAVE) plan will get another six-month reprieve from paying their loans—giving the impression that the administration is “taking action” right when they need votes the most.
Biden’s massive loan forgiveness initiative, which was blocked by the 8th US Circuit Court of Appeals, is a blatant attempt to sidestep the courts and keep his promise to cancel debt, even though this move puts taxpayers on the hook.
His administration had already canceled $5.5 billion in student loans before the courts intervened, showing that they were determined to push their agenda regardless of legal or fiscal consequences.
The SAVE plan, unveiled after the Supreme Court struck down an earlier effort that could have cost up to $430 billion, is now under fire from critics who argue that Biden and Harris are simply trying to “buy votes.”
Congressional Republicans have been vocal about the timing of this move, and it’s hard not to see it as an election-year stunt.
The repayment pause conveniently follows Biden’s cancellation of another $4.5 billion in student loans for public workers—a move that was also heavily publicized just days before.
As Biden boasted last week:
“We vowed to fix that, and because of actions from our administration, now over 1 million public service workers have gotten the relief they are entitled to under the law.”
But many see this as yet another ploy to win over key voting blocs as Election Day nears.
Meanwhile, the Education Department has confirmed that borrowers enrolled in the SAVE plan will have their payments placed in interest-free forbearance.
With payments initially paused in July, the timing couldn’t be more transparent.
Once again, the Harris-Biden administration is using student debt as a tool to manipulate voters, all while skirting around the legal obstacles in their way.
Stay tuned to Prudent Politics.
