In what might be the most shocking opinion article the Washington Post has run in a long time, that regime media mouthpiece just criticized President Joe Biden, slamming his debt forgiveness plan as being a “regressive, expensive mistake.”
In the article, the board goes to almost unbelievable lengths to criticize Biden, ripping the plan as being gimmicky, unnecessary, and, perhaps worst of all, a regressive tax that uses the tax receipts of the average American to pay off some college kid’s bills.
Making those points in the article, the woke paper’s editorial board doesn’t pull punches or hold back, saying:
Under progressive pressure to force grandiose policy changes, President Biden has generally embraced sensible reforms over flashy gimmicks. But his Wednesday student loan announcement did just the opposite.
[…]The loan pause, which President Donald Trump instituted in March 2020, was an emergency measure at a time when people were struggling to find jobs or had to remain home due to the pandemic. Thankfully, the situation is very different today: The unemployment rate for people with bachelor’s degrees and higher is just 2 percent. It’s hard to make the case that college graduates are still facing an unprecedented crisis.
[…]The loan-forgiveness decision is even worse. Widely canceling student loan debt is regressive. It takes money from the broader tax base, mostly made up of workers who did not go to college, to subsidize the education debt of people with valuable degrees. Though Mr. Biden’s plan includes an income cap, the threshold does not reflect need or earnings potential, meaning white-collar professionals with high future salaries stand to benefit. Read more