Yesterday, Joe Biden announced a $300 billion plan to forgive $10,000 worth of student debt

for every debtor who makes less than $125 grand per year and $20,000 for every debtor

who paid for college with Pell Grants. Now, the whole situation is a little bit awkward for Joe Biden

because four months ago, his speaker of the house, who was at the time trying to defend Biden's

reluctance to forgive the student loans, admitted that the president doesn't have any right to forgive

student loans. People think that the president of the United States, is this more on the subject

than you ever want to know, or you'll let me know? People think that the president of the United

States has the power for debt forgiveness. He does not. He can postpone. He can delay. But he does

not have that power. That would have to be an act of Congress. He does not have that power,

except for what was that, Joe? Oh, never mind. Okay, he has that power. It's just like when

Fauci flipped on the masks. The masks had done. The masks had terrible. They don't work. Stop wearing

the, oh, yeah, never mind. They're great and you have to wear them all the time. It's very,

very awkward when they have to pivot 180 degrees like that. It's also awkward for Biden that the money

will disproportionately help wealthy white people. As the liberal activist and young Turks commentator

Nina Turner points out, the average white borrower is $12,000 in debt while the average black borrower

is a whopping $52,000 in debt. And as the left-wing Brookings Institution noted, a full third of student

debt is owed by the wealthiest quintile of households while only 8% of student debt is owed by the

bottom quintile. But then again, this is a feature, not a bug of the plan. Right now Joe Biden is

losing support among college educated whites. So, very simple calculation. He's buying their votes

before the midterm elections, which is corrupt, sure, but it's also par for the course in politics,

especially among Democrats going back to the days of Tammany Hall and gangs of New York.

The biggest problem with Biden's vote-buying scheme is not that it's corrupt. It's not that it's

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