{"id":1501945,"date":"2022-06-03T09:10:57","date_gmt":"2022-06-03T13:10:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1501945"},"modified":"2022-06-03T09:11:09","modified_gmt":"2022-06-03T13:11:09","slug":"even-college-grads-dont-support-bidens-student-debt-bailout","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/even-college-grads-dont-support-bidens-student-debt-bailout\/","title":{"rendered":"Even College Grads Don\u2019t Support Biden\u2019s Student Debt Bailout"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Feven-college-grads-dont-support-bidens-student-debt-bailout%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1501945&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><\/div>\n<div class=\"RichTextArticleBody\">\n<div class=\"RichTextArticleBody-body\">\n<div class=\"Enhancement\">\n<div class=\"Enhancement-item\"><\/div>\n<\/p><\/div>\n<p>President <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/joe-biden\" target=\"_blank\" rel=\"noopener\">Joe Biden\u2019s<\/a> poll numbers are awful heading into the 2022 midterm elections, and it sure seems like the White House is getting desperate. The <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/biden-administration\" target=\"_blank\" rel=\"noopener\">Biden administration<\/a> clearly wants to distract voters from economic turmoil, sky-high <a class=\"Link\" href=\"https:\/\/www.washingtonexaminer.com\/tag\/inflation\" target=\"_blank\" rel=\"noopener\">inflation<\/a>, and foreign strife happening under its watch \u2014 and its latest effort to do so is a reported plan to \u201ccancel\u201d some student debt. But <u><a class=\"Link\" href=\"https:\/\/echeloninsights.com\/in-the-news\/may-22-omnibus-economy\/\" target=\"_blank\" rel=\"noopener\">new polling<\/a><\/u> suggests that this might not be the political Hail Mary that Biden hopes.<\/p>\n<p>At issue here is the White House\u2019s <u><a class=\"Link\" href=\"https:\/\/www.foxbusiness.com\/politics\/biden-student-loan-forgiveness-plan-everything-we-know-so-far\" target=\"_blank\" rel=\"noopener\">plan<\/a><\/u>, still in the works, to issue an executive order canceling up to $10,000 in student loans per debtholder. To be clear, \u201ccanceling\u201d debt really means that federal taxpayers absorb the burden. Biden\u2019s plan would reportedly only be extended to those earning less than $150,000 or households earning less than $300,000.<\/p>\n<p>Biden has wisely rejected the push from the Democratic Party\u2019s left flank to cancel all student debt or up to $50,000 per borrower. This would be wildly regressive, helping affluent, high-earning, educated people at the expense of all taxpayers. (One study even <u><a class=\"Link\" href=\"https:\/\/fee.org\/articles\/top-20-gets-6x-more-benefits-from-student-debt-cancellation-than-bottom-20-new-study-finds\/\" target=\"_blank\" rel=\"noopener\">found<\/a><\/u> that full student debt cancellation would offer six times more in benefits to the top 20% of income earners than the bottom 20%.)<\/p>\n<p>Yet even the president\u2019s more limited, income-capped measure would still likely be regressive, albeit less so. Why? Well, because, by definition, it only helps the fraction of people who went to college \u2014 and they earn significantly more than the rest of society, on average.<\/p>\n<p>This may be why new polling finds that student debt \u201ccancellation\u201d is less popular than Biden might expect. Echelon Insights <u><a class=\"Link\" href=\"https:\/\/echeloninsights.com\/in-the-news\/may-22-omnibus-economy\/\" target=\"_blank\" rel=\"noopener\">reports<\/a><\/u> that a plurality of likely voters think student debt cancellation is \u201cunfair to those who worked hard to pay off their student loans\u201d and \u201cdisproportionately benefits wealthier families.\u201d Interestingly, nearly 30% of Democratic-leaning voters agreed!<\/p>\n<p>In a twist that stands out from other recent polls, Echelon also surveyed college graduates who are likely voters. This time, 50% said cancellation was unfair \u2014\u00a0even though many of them presumably would benefit from the policy.<\/p>\n<p>To be clear, these voters were surveyed about the matter of student debt cancellation more broadly, not Biden\u2019s specific proposal. It could be that the White House\u2019s more narrow initiative is more popular.<\/p>\n<p>But this new polling does confirm that the issue of student debt \u201ccancellation\u201d is still one that\u2019s polarizing and divisive, even among the supposed beneficiaries and a significant number of Democratic-leaning voters. So, if Biden is hoping a student loan bailout can save his party in the midterm elections, he may well be in for some disappointment.<\/p>\n<p><i>Brad Polumbo (<u><a class=\"Link\" href=\"https:\/\/twitter.com\/brad_polumbo\" target=\"_blank\" rel=\"noopener\">@Brad_Polumbo<\/a><\/u>) is a co-founder of <u><a class=\"Link\" href=\"https:\/\/www.based-politics.com\/\" target=\"_blank\" rel=\"noopener\">Based-Politics.com<\/a><\/u>, a co-host of the <\/i>BasedPolitics<i> <u><a class=\"Link\" href=\"https:\/\/podcasts.apple.com\/us\/podcast\/based-politics\/id1535704082\" target=\"_blank\" rel=\"noopener\">podcast<\/a><\/u>, and a <\/i>Washington Examiner <i>contributor.<\/i><\/p>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden\u2019s poll numbers are awful heading into the 2022 midterm elections, and it sure seems like the White House is getting desperate.<\/p>\n","protected":false},"author":498,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1501945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1501945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/498"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1501945"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1501945\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1501945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1501945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1501945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}