Opinion | Student Debt Forgiveness Is Biden’s Bluto Moment – By Kimberley A. Strassel (Wall Street Journal) / Aug 25, 2022
His plan will feed inflation and hurt him politically.
If political moves received letter grades, Joe Biden’s student loan “forgiveness” mark might rank down there with the Deltas of “Animal House.” Think of it as the president’s Bluto moment.
In case the White House missed it, Democrats had recently been getting it together. After an 18-month food fight over the Biden agenda, the party finally united to pass the Inflation Reduction Act. It suckered spend-happy Republicans into passing a semiconductor bill that vulnerable Democrats could brag about back home. The left has successfully fanned fears on abortion, putting GOP candidates on the back foot. And Donald Trump is in the headlines—right where they want him.
Then along comes Blutarsky, and seven years of college down the drain. It would be hard to fashion a program that carries more political risk for less political reward. In the name of paying off that powerful voting bloc known as “overeducated and underemployed deadbeats,” Mr. Biden is dumping on his own inflation message, dividing his party, and insulting any American who has ever worked, saved or paid a bill.
