By magically “forgiving” potentially billions of dollars in loan debt, Biden ignores the fact that these loans won’t disappear. The cost of the loans will be socialized to more people, e.g., many poor and working-class taxpayers, essentially more new government spending. Joe’s plan is bald-faced political pandering.
Free college sounds wonderful, doesn’t it? Like all things in life, if it sounds too good to be true, it’s too good to be true.