Student loan forgiveness

Former president Donald Trump helped out the GOP establishment with his latest round of congressional endorsements — including one particularly notable one where he passed over a guy he endorsed in the last election cycle.Just two years ago, Trump endorsed Darren Bailey for governor of Illinois, snubbing the state’s GOP establishment, which had been firmly behind Aurora mayor Richard Irvin. Bailey blew Irvin out of the water in the primary — thanks to additional support from Democrats who successfully meddled in the primary —and was dismantled by J.B. Pritzker in November.This time around, Trump is backing Congressman Mike Bost, who’s been fending off a primary bid from Bailey.

Nebraska attorney general Mike Hilgers expressed optimism about the outcome of a Supreme Court case challenging President Joe Biden's student debt forgiveness program during a Tuesday interview with The Spectator. Hilgers said following oral arguments on Tuesday morning that the justices asked "very positive" questions about the White House's authority to institute the program, which would offer up to $20,000 in loan forgiveness to individual borrowers making less than $125,000 a year or $250,000 a year for households. "To some degree it's always a little bit of reading the tea leaves, but I thought I the questions the justices asked were very positive.

Cockburn’s monocle popped out of his head and plopped into his oatmeal yesterday morning as he perused the Washington Post. “A Bottomless Pinocchio for Biden — and other recent gaffes,” read the headline. Surely “gaffe” has come to mean “lovable quirk” when applied to Democrats? And “Pinocchio” must refer somehow to the way in which Italian puppets are marginalized? But no — the Post straight-up published “a roundup of some of the president’s recent errors of fact” and reiterated, a day before the midterm elections mind you, the “gaffe machine” nickname Joe Biden gave himself. First on the Post’s fact-check list is Biden’s repeated claim that he “spent a lot of time — more time with Xi Jinping than any other head of state.

It is a truth universally acknowledged that if you rob Peter to pay Paul, you can count on Paul’s vote. That political axiom is the crux of Joe Biden’s decision to forgive vast quantities of student loan debt. He needs Peter's and Patricia’s votes, and he is bribing them with taxpayer money. Taxpayers know it is not a costless gesture. Their backlash is likely to overwhelm any potential gains. The problems begin with the program’s cost and inflationary impact. Spending another $300 to $900 billion, the estimated cost, raises consumer demand without increasing supply. Since the program is not funded by tax increases, it will be paid for by printing money. The inflationary consequences are predictable.