Handouts to voters: Though his first attempt at student loan forgiveness was struck down by the Supreme Court in June of last year (Biden v. Nebraska), President Joe Biden apparently feels called to try again. If this attempt went through, it would—to his mind—not only lift the shackles of decades of debt from a chunk of the voting public, but also possibly compel people, filled with newly grateful spirits, to vote for him. So you can understand why he'd be so persistent.
That doesn't make it good policy. The new plan, which would affect roughly 30 million, uses a different mechanism than last time—it expands programs that already exist, and targets those who have high loan balances due to interest—but it would still be to our collective detriment.
