Biden’s latest gaffe may derail student loan bailout plan
Washington (CNN) – Barack Obama has his loyal voting bloc in the Democratic Party, but when it comes to the issues he’s most passionate about, there may very well be a group of people who don’t know how to handle his latest gaffe.
The University of Chicago’s plan to make its education loans forgiven in exchange for the government using the money for a new education program sounds like something any other middle class family would be happy to sign up for.
Instead, it has turned into all the more reason to ask the question: is the Obama administration really making its middle class the priority in its debt crisis?
And if the answer is yes, the only thing left to do is to find a way to fix Obama’s most embarrassing gaffe.
To find that, we need to go back to the summer of 2004, when Obama’s campaign for president was gaining steam. His campaign was then on a mission to win over the most energized and educated voters in the Democratic Party by reminding them that he was president, and they were just voters.
The solution, he told them, was to make college more affordable
“Let’s talk about a program to give students a guaranteed path to a college degree in exchange for them working a bit harder during their four years,” he told a small group of Chicago voters. “We would pay for it by taxing our rich to give these students a leg up in competing with the rest of us.”
“We will use every trick in the book to convince our parents and our kids, and voters at large, that Barack is president and that this system works: It works for us too, because we are the president and we are rich.”
In fact, there was a reason there was such a strong correlation between Obama’s campaign and the Democrats’ current debt crisis.
The University of Chicago’s plan to make its education loans forgiven in exchange for the government using the money for a new education program sounds like something any other middle class family would be happy to sign up for.
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