A few years ago, I read a story about a Minnesota woman who, 10 years after graduation, was still strapped with massive student loan debt. She made bad choices. Instead of going to a Minnesota university and likely graduating out of debt, she decided to attend Arizona State instead. Why? Because she wanted to wear flip-flops in February and she was spending monopoly money so the debt wasn’t real.  I have not a shred of sympathy for people like her. And, there are millions like her. Instead of thinking of the consequences of assuming a debt for a useless sociology, gender studies, or “English major” degree, they collectively expect others (taxpayers) will foot the bill.

Although 42 million Americans owe money for students loans, about 50 percent of the 1.75 Trillion in debt owed are for graduate studies, i.e.: lawyers, doctors, PhDs, or various Masters in…something. In other words, 50 percent of people owing money, took out contracts knowing exactly what they were buying and, generally gainfully employed, can afford to pay their debts. But because of an arbitrary delay, they aren’t paying a dime back.

Those who took out loans for useless degrees, or took out loans for graduate degrees have not had to spend a single penny to repay those debts for two years. Biden has, again, extended the pause on repayment through August 2022. There is no “good faith” reason for debtors not to pay their debts. According to Biden and his talking parrot Jen Psaki, the economy is booming. Inflation is a good thing. Without a good faith reason or even a good reason for Biden to pause repayments, why has the administration continued the moratorium? The reason, I think, is clear, and clearly political.

By August, Biden and every Democrat up for reelection will be drowning. Something dramatic will be needed to create a reason — any reason — to vote for a Democrat. Right now, they are the party of groomers, inflation, and a demented president. Canceling student loan debt will be the ticket. Biden will shuffle into the Rose Garden and announce that his Administration will be canceling the debt of millions who promised to pay but are so used to not paying they will see any restart as a new debt. Biden and his party will hope that he can generate votes with the basest of all motivators — a monetary bribe. Instead of paying voters to vote, Joe will cancel a trillion in debt to create millions of thankful patrons. If Republicans complain, Biden hopes that voters will take it out on them, rather than admitting that they bought a degree that turned out to be worthless.

Who benefits? People who don’t deserve it. Who pays? Anyone who pays taxes.