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Here’s the crux of this whole student loan forgiveness debacle that bothers me the most: the lack of thought that went into the policy.
I’m speaking specifically about the CBO study released just hours ago saying the White House’s decision to forgive student loan debt will cost taxpayers $400 billion. Wow
A policy that large and of that size is staggering when you stop and think none of this moves through a congressional hearing nor a committee evaluation.
Pres Biden just announced it. Crazy
So what bothers me is a sitting President seemingly opted to score political points in a desperate attempt to reverse his approval ratings.
What else can explain the sudden move to such a costly policy? Even many Democrats thought the move was aggressive and ill-wrought.
Forget Biden’s flirtatious mistakes. The man struggles to rationally think through the ramifications of his ideas. That’s dangerous.