Rewarding Your Base

The American Sun

The recent student debt forgiveness announcement has trickled through the news cycle down to the masses. It irks losers or those who do not benefit while pleasing the millions of Americans with current student debt balances. It also helps the entire university system by reducing debt loads to layer on more debt, set a precedent for this debt to be written off again later, and set up some quirky payment plans for the future. It is a beautiful example of rewarding one’s base of voters.

This is not the type of move to shift the middle or the undecided. It is a pure cash gift to the college educated, who are a Democrat voter bloc and growing in size. Only suckers have been paying during the lockdown deferment period, so this will not boost consumer spending, but the principal knockdown should make future monthly payments more palatable whenever they restart…

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