Even a presidential administration as incompetent, feckless, and clueless as the Biden administration, it seems, can read the writing on the wall — if they get their noses rubbed in it. In the latest example of just this, the administration has withdrawn its plan to forgive a large number of student loans — and we can take the word “forgive” to mean “transfer the liability to the taxpayers.”
The Biden administration has withdrawn two major plans to deliver student loan forgiveness.
The proposed regulations would have allowed the secretary of the U.S. Department of Education to cancel student loans for several groups of borrowers, including those who had been in repayment for decades and others experiencing financial hardship.
The combined policies could have reduced or eliminated the education debts of millions of Americans.
Of course, these policies…
