“Regressive, Expensive Mistake”: The Biden Decision So Terrible that Even the MSM Is Blasting It

In what might be the most shocking opinion article the Washington Post has run in a long time, that regime media mouthpiece just criticized President Joe Biden, slamming his debt forgiveness plan as being a “regressive, expensive mistake.”

In the article, the board goes to almost unbelievable lengths to criticize Biden, ripping the plan as being gimmicky, unnecessary, and, perhaps worst of all, a regressive tax that uses the tax receipts of the average American to pay off some college kid’s bills.

Making those points in the article, the woke paper’s editorial board doesn’t pull punches or hold back, saying::

Under progressive pressure to force grandiose policy changes, President Biden has generally embraced sensible reforms over flashy gimmicks. But his Wednesday student loan announcement did just the opposite.

[…]The loan pause, which President Donald Trump instituted in March 2020, was an emergency measure at a time when people were struggling to find jobs or had to remain home due to the pandemic. Thankfully, the situation is very different today: The unemployment rate for people with bachelor’s degrees and higher is just 2 percent. It’s hard to make the case that college graduates are still facing an unprecedented crisis.

[…]The loan-forgiveness decision is even worse. Widely canceling student loan debt is regressive. It takes money from the broader tax base, mostly made up of workers who did not go to college, to subsidize the education debt of people with valuable degrees. Though Mr. Biden’s plan includes an income cap, the threshold does not reflect need or earnings potential, meaning white-collar professionals with high future salaries stand to benefit.

And in what might the most bizarre thing to come out of this week, those arguments against the decision put the Washington Post editorial board in agreement with Newsmax TV host Chris Salcedo.

He skewered the decision on his show, blasting the idea of student debt forgiveness. In his words:

The Democrats just dished out to every American who has entered into a legal contract took out alone, work to pay off that loan and then succeeded.

The Democrats want to reward your hard work and research possibility by piling on somebody else’s debt onto your shoulders. Now none of you voted for this Joe Biden and is socialist. Didn’t ask your permission. They just did it. Why? Well the answer’s obvious. They need to buy votes with your money.

Salcedo added that the decision is a clear attempt to buy votes before the 2022 midterm elections, saying that the Democrats know they’re about to be wrecked in the midterms and are desperately looking for a way out of their predicament, so they’ve decided to pay off the debts of some students and place the debt burden on the shoulders of the average American in the hope that that’ll help them in the midterms.

So when you struggle to pay your bills and have to empty your wallet for taxes, just thank Biden for spending your hard-earned dollars so wisely on a gimmick that might buy him a few votes come November and do no long-term good.

By: TheAmericanTribune.com, editor of TheAmericanTribune.com. Follow me on Facebook and Subscribe to My Email List