Blog Credo

The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.

H.L. Mencken

Thursday, August 25, 2022

Jubilee

 Biden's debt relief plan for student loans is getting the usual screeching from the GQP, which means it's probably going to be popular. There are a few idiots on Twitter saying it's too targeted or not enough, but he forgives a ton of loans for people who typically don't attend Middlebury or NYU. That will absolutely be felt by people who went to Appalachian State or a two year college for an associates degree.

There are other structural issues about student debt - especially interest - that are really good. The problem with student debt is that it was exempted from normal bankruptcy proceeding in a law written by...Joe Biden. So the debt keeps accumulating via interest and becomes unsustainable. This EO caps that interest and annual payments. That's huge.

The larger problem of college costs will likely require legislation and the GQP has declared war on education in general, so that's out absent holding the House and expanding the Senate. It's still a nice step and it will benefit African Americans and Hispanics more than any other group.

The GOP messaging right now kind of reeks of desperation. They careen from inflation to IRS agents to the border to now weird ideas about how taxing and spending work. Inflation is coming down, but if they could focus on the IRS seizing your income to pay for someone's art history degree...I mean, maybe it could work. The electorate has made a dumber decisions for worse reasons in the past.

It just feels like the adults have left the room with the Republican Party. They are all Trumpist grievances and poorly spelled Tweets, without the message discipline of a Karl Rove.

Meanwhile, Democrats have "Roe, Roe, Your Vote" to focus on GQP extremism. That combines the general threat to democracy and democratic rights that Trumpism represents with a simple message.

Gerrymandering (and the lack thereof in NY State) could make holding the House impossible, but the doom and gloom is lifting. Also, the specter of the Supreme Court invalidating Biden's debt jubilee would further motivate voters under 40.

Turns out the old Irish pol is good at politics.

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