The Great Student Loan Scam

Democrats lobby Biden to write off debt for affluent borrowers

The editorial board of the Wall Street Journal –

The Biden Presidency is quickly turning into Barack Obama’s third term, only more liberal. Consider the Democrats calling on President Biden to use the pandemic to cancel $50,000 in student debt per borrower. What they want everyone to forget is that in 2010 they used the last recession to justify a federal takeover of student loans that have since more than doubled to $1.6 trillion. Now they’re using the pandemic to justify loan write-offs they said would never happen.

The great student loan scam began in 2010 when Democrats used budget “savings” from ending the federal guaranteed-loan program to pay for ObamaCare. “By cutting out the middleman, we’ll save American taxpayers $68 billion in the coming years,” Mr. Obama declared. Where were the media fact-checkers then?


About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Known as a coalition builder, he has participated in election campaigns and legislative efforts in the United States and several other countries.
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