I am very sympathetic to his rent going up in the Biden economy but he took the debt to better himself, he owes the debt. Believing someone else should pay his student loans is privileged thinking. He’s the one who will directly benefit through higher income not those of us who paid our loans off, didn’t take loans, etc.
The Left is being aggressive on social media with a talking point that the cost of PPP loan forgiveness is more than Biden’s illegal plan. They are trying to use one of their wealth envy attacks.
Biden doing something by fiat is radically different. PPP loans were passed by Congress with it understood forgiveness potential was attached so businesses would take the risk in order for people to have jobs when the Covid panic and lockdowns were over.
Congress passed a law then signed by a president vs. radical executive overreach. One of these is representative democracy and one of these is dictatorial. The press is quietly on Biden’s side because they know it swayed younger voters, maybe even some middle aged voters like the man in this article.
The difference in PPP loans was government forced business to shut down, or else face fines and even jail. Student loan borrowers were not forced by government to take these loans. Also, what happens to the next loan borrower? No one has addressed why college costs are high. You are going to still have incoming freshmen taking out these loans. Are they going to expect forgiveness in 10 years time?