Biden Teases Student Loan Forgiveness
President Joe Biden seems to be getting more engaged in the process of the midterm election campaign of late. He has been travelling around the country a lot more (partly this is due to the fluctuating state of the COVID pandemic, of course), he has been making the case for his own record of accomplishments a lot better, and he now seems to be openly considering making a dramatic move that he has actually supported all along: forgiving at least $10,000 of student debt. Notably, this comes only days after Senator Elizabeth Warren publicly urged Biden to start using executive orders to get some things done now, while it could matter for the party's chances in the fall. Maybe Biden got the message.
Of all the things Biden could do with the stroke of a pen, there are two that stand out above all the rest: cancelling student loans and forcing drug companies to lower the prices on their medication. Those two alone would be gigantic leaps forward, at least in the political sense. High drug prices are something everyone hates -- everyone not either on the payroll of or otherwise beholden to Big Pharma. And it consistently winds up near the top of the list in things American voters would like to see the government accomplish, across party lines. While not quite as universal, at least partially forgiving student loans is politically important for one specific reason: the demographic it would help the most.