{"id":1742144,"date":"2022-11-17T08:37:54","date_gmt":"2022-11-17T13:37:54","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1742144"},"modified":"2022-11-17T10:18:59","modified_gmt":"2022-11-17T15:18:59","slug":"bidens-student-loan-forgiveness-an-even-bigger-scam-than-we-imagined","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-student-loan-forgiveness-an-even-bigger-scam-than-we-imagined\/","title":{"rendered":"Biden\u2019s Student Loan \u201cForgiveness\u201d an Even Bigger Scam Than We Imagined"},"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\">22<\/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%2Fbidens-student-loan-forgiveness-an-even-bigger-scam-than-we-imagined%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=1742144&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><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/11\/campus-e1668644117149.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>A federal court <a href=\"https:\/\/storage.courtlistener.com\/recap\/gov.uscourts.txnd.368635\/gov.uscourts.txnd.368635.37.0.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">vacated<\/a> the Biden administration\u2019s $400 billion student loan forgiveness plan on Thursday, calling it \u201can unconstitutional exercise of Congress\u2019s legislative power.\u201d Unfortunately, by the time the decision was handed down, the real goal of the gimmick had already been achieved; Gen Z and millennials <a href=\"https:\/\/www.businessinsider.com\/student-loan-forgiveness-brought-gen-z-to-polls-midterms-2022-11\" target=\"_blank\" rel=\"noreferrer noopener\">turned out<\/a> in droves on Election Day to turn the \u201cred wave\u201d into a \u201cred trickle.\u201d<\/p>\n<p>We\u2019ve long known that the politicians who support this scheme don\u2019t give a damn about the moral implications of using taxpayer money to pay off debt that college students freely chose to take on. Sen. Elizabeth Warren, D-Mass., <a href=\"https:\/\/www.youtube.com\/watch?v=62i2feu9fxk\" target=\"_blank\" rel=\"noreferrer noopener\">openly admitted<\/a> the injustice of the policy on the campaign trail in 2020. What we know now, however, is that the potential recipients of this largess don\u2019t care about those moral implications either.<\/p>\n<h2>Bread and Circuses, 2022 Style<\/h2>\n<p>When President Joe Biden first announced his \u201cforgiveness plan\u201d in August, the usual suspects fell all over themselves in praise of the unprecedented transfer of wealth. \u201cSquad\u201d member Rep. Ayanna Pressley, D-Mass., <a href=\"https:\/\/twitter.com\/ayannapressley\/status\/1562470867493584897\" target=\"_blank\" rel=\"noreferrer noopener\">tweeted<\/a>, \u201cThis is going to save and change lives.\u201d Meanwhile, business writers like Rhett Buttle of Forbes.com <a href=\"https:\/\/www.forbes.com\/sites\/rhettbuttle\/2022\/09\/30\/student-debt-relief-could-spur-innovation-and-encourage-small-business-growth\/?sh=1c732b0e5388\" target=\"_blank\" rel=\"noreferrer noopener\">claimed<\/a> this policy would encourage small business creation and \u201cprovide a lifeline to tens of millions of Americans and Main Streets across America.\u201d<\/p>\n<p>A recent <a href=\"https:\/\/www.intelligent.com\/nearly-half-of-student-loan-forgiveness-recipients-will-use-relief-to-go-on-vacation\/\" target=\"_blank\" rel=\"noreferrer noopener\">poll<\/a> conducted by Intelligent.com tells a far different story. The online magazine, which bills itself as being \u201ccentered around a lifelong commitment to education [and] continuous improvement,\u201d surveyed 1,250 individuals who either had applied or were planning to apply to the program about what they planned to do with the extra money they would have every month. Nearly three-fourths of them admitted they would spend the money not on basic necessities or fulfilling their entrepreneurial dreams, but \u201con non-essentials, including vacations, smartphone, [and] drugs\/alcohol.\u201d<\/p>\n<p>Even more disturbing, the recipients openly embrace their hypocrisy: 73 percent of them admitted that \u201cusing student relief to buy non-essential goods is wrong,\u201d while 77 percent agreed that \u201cin terms of their spending habits, it would be possible for them to spend less and save more money.\u201d<\/p>\n<p>Considering the obscenely high income threshold for the plan ($125,000 for a single borrower, double that for married borrowers), it\u2019s clear that most of these applicants aren\u2019t looking for a lifeline, but an unearned windfall so they can \u201clive their best lives\u201d on the taxpayers\u2019 dime.<\/p>\n<h2>A History of Irresponsibility<\/h2>\n<p>This appalling lack of responsibility among younger generations should come as no shock. A <a href=\"https:\/\/www.researchgate.net\/publication\/230683045_Comparing_Millennials_to_pre-1987_students_and_with_one_another\" target=\"_blank\" rel=\"noreferrer noopener\">study<\/a> published in 2010 found that \u201c2004-08 undergraduates scored substantially lower than pre-1987 undergraduates on psychological health, achievement assets, and impulse control, somewhat lower on ascendancy\/self-assuredness, and higher than pre-1990 undergraduates on narcissism.\u201d Two years later, the American Psychological Association <a href=\"https:\/\/www.apa.org\/news\/press\/releases\/2012\/03\/fame-giving\" target=\"_blank\" rel=\"noreferrer noopener\">concluded<\/a> that \u201crecent generations are less likely to embrace community mindedness and are focusing more on money, image and fame.\u201d Though this study admitted that millennials were more willing to engage in community service while in high school, it also pointed out that this shift was likely because schools required some degree of community service to graduate.<\/p>\n<p>We see a similar pattern emerge when looking at the traditional markers of adulthood. Millennials <a href=\"https:\/\/www.pewresearch.org\/social-trends\/2020\/05\/27\/as-millennials-near-40-theyre-approaching-family-life-differently-than-previous-generations\/\" target=\"_blank\" rel=\"noreferrer noopener\">lag behind<\/a> previous generations when it comes to marriage and having children. Gen Z is expected to <a href=\"https:\/\/www.coresdivorcelawyers.com\/wheaton-divorce-lawyer\/gen-z-marriage-rates-look-different-than-every-other-generation#:~:text=While%20this%20cohort%20is%20still,as%20low%20as%2023%20percent.\" target=\"_blank\" rel=\"noreferrer noopener\">continue<\/a> down this road; only 60 percent of them are expected to marry by age 40.<\/p>\n<p>Then, of course, there is the younger generations\u2019 propensity for taking offense at anything that contradicts their views. Forty percent of millennials <a href=\"https:\/\/www.pewresearch.org\/fact-tank\/2015\/11\/20\/40-of-millennials-ok-with-limiting-speech-offensive-to-minorities\/\" target=\"_blank\" rel=\"noreferrer noopener\">support<\/a> government-enforced limits on \u201cstatements that are offensive to minority groups,\u201d a powerful indication that this group prefers enjoying the comforts of conformity to shouldering the burdens of liberty in a responsible manner.<\/p>\n<p>The legacy media often try <a href=\"https:\/\/www.bbc.com\/worklife\/article\/20220218-are-younger-generations-truly-weaker-than-older-ones\" target=\"_blank\" rel=\"noreferrer noopener\">to explain away<\/a> these points with a highbrow equivalent of \u201cOK, Boomer,\u201d but such efforts do not change the fact that the generation most supportive of student loan forgiveness is also less willing to accept the duties of adulthood (such as paying one\u2019s own debts) that previous generations took for granted.<\/p>\n<h2>Time for Some Tough Love<\/h2>\n<p>Luckily for the country, the Texas federal court\u2019s decision (along with various other <a href=\"https:\/\/thefederalist.com\/2022\/10\/24\/courts-are-on-bidens-side-one-just-froze-his-scheme-to-buy-votes-with-student-loan-bailout\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=courts-are-on-bidens-side-one-just-froze-his-scheme-to-buy-votes-with-student-loan-bailout&#038;utm_term=2022-10-24\" target=\"_blank\" rel=\"noreferrer noopener\">legal challenges<\/a>) has halted this unconstitutional payoff, at least for now. The Biden administration has <a href=\"https:\/\/www.reuters.com\/world\/us\/us-student-loan-debt-relief-blocked-2022-11-11\/\" target=\"_blank\" rel=\"noreferrer noopener\">stopped<\/a> accepting applications while filing an appeal with the Fifth U.S. Circuit Court of Appeals, where conservatives enjoy a dominant majority. Should the case eventually appear before the Supreme Court, the program as currently constituted will probably fail.<\/p>\n<p>That failure means that if the White House is actually concerned about relieving student loan debt, it will have to provide it the old-fashioned way: by going through Congress. Even without the \u201cred wave,\u201d that won\u2019t be an easy sell, especially with the GOP now controlling the House.<\/p>\n<p>In an earlier <a href=\"https:\/\/thefederalist.com\/2022\/10\/28\/jake-tapper-doesnt-want-to-play-the-blame-game-on-covid-school-closures-but-midterm-voters-do\/\" target=\"_blank\" rel=\"noreferrer noopener\">essay<\/a>, I encouraged Republican lawmakers to play political hardball with the Biden administration over this issue by demanding serious reforms to the Department of Education in return for their support. The revelations contained in the Intelligent.com survey indicate that even stronger medicine is necessary; should the House decide to consider this program at all, it should require a severe reduction in the income threshold for applicants to ensure that only the truly needy receive aid. Doing so would not only be far more fiscally responsible but also tell coddled millennials that it\u2019s time to start acting like the adults they are.<\/p>\n<hr class=\"wp-block-separator\" \/>\n<p>\n  Robert Busek is a Catholic homeschooling father of six who has taught history and Western Civilization in both traditional and online classrooms for over twenty years. His essays have also been published in The American Conservative and The American Spectator. The views he expresses here are his own.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A federal court vacated the Biden administration\u2019s $400 billion student loan forgiveness plan on Thursday, calling it \u201can unconstitutional exercise of Congress\u2019s legislative power.\u201d Unfortunately, by the time the decision<\/p>\n","protected":false},"author":1,"featured_media":1741829,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[],"class_list":["post-1742144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1742144","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1742144"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1742144\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1741829"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1742144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1742144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1742144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}