3min chapter

5-4 cover image

5-4 x Bloc Party: Michael on How the Dems Flopped on Debt Relief

5-4

CHAPTER

The Biden Administration's Negative Approach to Student Debt Relief

Laney: It's frustrating to see how mainline Democrats haven't yet internalized this lesson. The administrative costs are almost always at least put a dent in, if not completely cancel any sort of savings you're getting. You say, yes, all right, somebody who doesn't need cancellation is going to get cancellation. And also, as we can see, you are able to grit and bear it and give some people who don't really deserve relief when it comes to people who have $30 million in uninsured deposits of venture capital money in Silicon Valley. That's what you're telling me here, right? Like, come on.

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