{"id":1502615,"date":"2022-06-03T13:35:05","date_gmt":"2022-06-03T17:35:05","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1502615"},"modified":"2022-06-03T13:35:11","modified_gmt":"2022-06-03T17:35:11","slug":"they-just-dont-get-it-bidens-student-loan-forgiveness-push-a-complete-disaster-for-democrats-in-midterms","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/they-just-dont-get-it-bidens-student-loan-forgiveness-push-a-complete-disaster-for-democrats-in-midterms\/","title":{"rendered":"\u2018They Just Don\u2019t Get It\u2019: Biden\u2019s Student Loan Forgiveness Push a \u2018Complete Disaster\u2019 for Democrats in Midterms"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">34<\/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%2Fthey-just-dont-get-it-bidens-student-loan-forgiveness-push-a-complete-disaster-for-democrats-in-midterms%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=1502615&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<p>President Joe Biden has said he&#8217;s &#8220;taking a hard look&#8221; at canceling hundreds of billions of dollars in student loan debt\u2014a decision his advisers believe would be &#8220;a complete disaster&#8221; for the Democratic Party in the midterms.<\/p>\n<p>&#8220;There are a lot of people very close to the president who privately understand that this is a complete disaster for them,&#8221; the\u00a0<em>Washington Post<\/em>\u2018s James Hohmann <a href=\"https:\/\/plus.thebulwark.com\/p\/never-again-happens-again-and-again?s=r\" target=\"_blank\" rel=\"noopener\">said<\/a> on the\u00a0<em>Bulwark Podcast<\/em>. The president&#8217;s aides have attributed the political misjudgment to influence from leftwing Democrats including Sen. Raphael Warnock (Ga.) and Georgia gubernatorial candidate Stacey Abrams. Both are seeking high turnout from the party&#8217;s base in the Peach State, where they say an electoral block of former graduates from HBCUs could tip the scales.<\/p>\n<p>&#8220;They just don\u2019t get it because they haven\u2019t spent time in the WOW counties or in Apple Valley, Minnesota,&#8221; Hohmann said, referring to toss-up districts on the outskirts of Milwaukee, Wis., and Minneapolis. &#8220;The president is being pulled really hard by these woke leftists who \u2026 believe it\u2019s all about the base.&#8221;<\/p>\n<p>Biden canceled $5.8 billion in student loan debt on Wednesday for former students of Corinthian Colleges, a bankrupted for-profit chain of postsecondary-degree schools. Last week, the White House also floated loan forgiveness of $10,000 per s0tudent borrower. The debt forgiveness would add $245 billion to federal government debt, <a href=\"https:\/\/www.crfb.org\/blogs\/what-does-student-debt-cancellation-mean-federal-finances\" target=\"_blank\" rel=\"noopener\">according to<\/a> the Committee for a Responsible Federal Budget.<\/p>\n<p>The top 40 percent of wage earners <a href=\"https:\/\/www.peoplespolicyproject.org\/2020\/11\/16\/what-is-the-current-student-debt-situation\/\" target=\"_blank\" rel=\"noopener\">hold<\/a> the majority of student debt. Of student-debt holders between the ages of 25 and 40, the top 40 percent bears half of the total debt, meaning the richest young adults carry the most.<\/p>\n<p>The liberal push for student debt cancellation comes as the United States faces 40-year high inflation and record-breaking gas prices, which <a href=\"https:\/\/freebeacon.com\/biden-administration\/thanks-joe-gas-prices-have-doubled-since-biden-became-president\/\" target=\"_blank\" rel=\"noopener\">have doubled<\/a> since Biden took office in January 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden has said he&#8217;s &#8220;taking a hard look&#8221; at canceling hundreds of billions of dollars in student loan debt\u2014a decision his advisers believe would be &#8220;a complete disaster&#8221;<\/p>\n","protected":false},"author":190,"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-1502615","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\/1502615","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\/190"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1502615"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1502615\/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=1502615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1502615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1502615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}