• But there’s an even deeper logic at work. Young voters tend to drop off a lot in mid-term elections, and Biden has just given the college cohort a reason to turn out this fall—especially if a judge inhibits this blatant vote-buying scheme. Nate Silver (or “Nate Bronze” as I call him) Tweeted the quiet part out loud:
• It is not necessary to go beyond the vote-buying motivation to explain this move—but I can! As John reported here not long ago, college enrollment is dropping fast. Given that the left regards universities as a key bastion of power and influence, you can consider this move as merely one step in an ongoing bailout for a key leftist institution. Needless to say, all institutions will move to capture subsidies (like car companies raising prices for electric vehicles after the IRA passed last week), and the high cost of higher education has been driven in part by past government subsidies, such as student loans, etc. Colleges will now feel less pressure to restrain future tuition hikes.
• Want to see one small example of how this can fall out? At American University in Washington DC, support staff are out on strike this week, demanding higher wage and benefit increases than AU has offered. This week also happens to be move-in week for new students. Here’s one view on how it’s going:
www.powerlineblog.com
• It is not necessary to go beyond the vote-buying motivation to explain this move—but I can! As John reported here not long ago, college enrollment is dropping fast. Given that the left regards universities as a key bastion of power and influence, you can consider this move as merely one step in an ongoing bailout for a key leftist institution. Needless to say, all institutions will move to capture subsidies (like car companies raising prices for electric vehicles after the IRA passed last week), and the high cost of higher education has been driven in part by past government subsidies, such as student loans, etc. Colleges will now feel less pressure to restrain future tuition hikes.
• Want to see one small example of how this can fall out? At American University in Washington DC, support staff are out on strike this week, demanding higher wage and benefit increases than AU has offered. This week also happens to be move-in week for new students. Here’s one view on how it’s going:
Theorems on the Student Loan Cancelation
In addition to the observations Scott and John have entered below, a few additional thoughts: • Invoking the HEROES Act as the legal justification for student debt forgiveness reminds of Franklin Roosevelt invoking the World War I-era Trading With the Enemy Act as legal ground for his 'bank...
www.powerlineblog.com
