Joe Biden’s Presidency has been a complete catastrophe.
He’s desperately searching for a way to turn things around.
But Joe Biden is about to make one move that every Democrat is going to regret.
Joe Biden’s failed regime is on the verge of total collapse.
While his approval rating sinks into Jimmy Carter territory, the self-inflicted problems keep mounting.
With the Midterm elections coming up, he’s desperate to turn things around.
Since the election will be a referendum on Biden, the Democrats are on pace for a shellacking in November.
Now Biden could make one of his most extreme socialist moves yet.
Speaking to the far-Left Student Debt Crisis Center, Chuck Schumer said that Biden is closer to canceling student loans “than ever before.”
Because of the pandemic, student loan repayment has been paused for the past two years.
But Biden’s regime recently issued yet another extension of the pause.
“Make no mistake about it: this pause isn’t going to stay forever, and the canceling of student debt is the way to go,” Schumer said.
“We want our young people to realize that they can have a good future. One of the best ways to do it is by canceling student debt, by getting rid of the $50,000, even going higher after that,” he continued.
“We’re working on it. We’re making progress, folks. We are making progress. The White House seems more open to it than ever before,” he added.
The socialists led by Alexandria Ocasio-Cortez have been on a crusade to get the government to forgive all student loan debt.
Biden has previously signaled that he’d sign a bill canceling student loans if it reached his desk.
Even though doing it unilaterally through executive order is blatantly unconstitutional, Ocasio-Cortez and other socialists have been pressuring him to use executive action to do it.
Now Schumer is signaling that Biden could be ready to move on the idea.
Biden has been a puppet for the far Left during his Presidency by trying to push Ocasio-Cortez’s priorities like the Green New Deal.
Recent polling could be behind Biden’s potential embrace of the idea.
A Quinnipiac poll showed that Biden’s support among voters 18 to 34 has cratered.
Only 21% of them approve of him, while 58% disapprove.
This is a political nightmare for Democrats heading into the Midterm elections.
Young voters are one of the constituencies Democrats are counting on in the election to help them hold on to power.
If young people are fed up with Biden and don’t turn out to vote, Democrats are big trouble.
Canceling student loans could be Biden’s way of trying to motivate the youth vote.
He’s absolutely desperate to turn things around, and this could be his play.
But the political consequences for Democrats would be devastating.
Canceling all student loans could add $1.6 trillion to the debt.
It could also add to already runaway inflation.
With his fortunes fading, Biden could be desperate enough to try this fiscal nightmare.
Renewed Right will keep you up-to-date on any new developments in this ongoing story.