Middle-class Americans don’t have a lot of government programs directed at helping them. So it’s not surprising that one criticism of student loan forgiveness by Biden two months before an election is catching on: that it feels like the government is trying to buy votes. Only in an electorate accustomed to getting nothing back from its political class would such a statement resonate as well as this one.
Buy my vote for $10K? B—-, please.
Cancelling the whole debt would have bought my vote. At least it would have got me to the polling station to pick a few local candidates in my already always blue state. But the $10K? Do the math. Average debt of $50,000 has a monthly payment of $500. So $40,000 means, what, a 10% reduction to “only” $450? A lot of people don’t have $450 after coming up with rent, food, utilities, transportation, etc. So the $10K simply puts them a little less in the red every month. Eventually, the debt will regenerate right back to where it was.
Buy my vote? I don’t think so.
I’m trying to understand the angle here, as I thought Ted would be kind of in favor of this? The only baseline thing I can come up with is “Ted dislikes anything that involves money,” which actually kind of tracks to his career