A Risky Bet on Student Loans & What Happens if the Red Wave Fizzles?

In this episode, Alex discusses why Biden’s announcement that the government will forgive between $10,000 and $20,000 of student loan debt is a risk at best, and an unforced error at worst. Alex is not against combating the high cost of educaiton, but thinks that this decision will not solve the problem at hand; it also may irritate voters who did not attend college. Adam Harris writes that “belatedly canceling some student debt is what a country does when it refuses to support students up front.” Basically, instead of making education a public good, the government is making up for it on the back end. Later in the episode, Alex discusses how there are more signs that the midterms may be better than expected for Democrats. However, he is concerned about what could happen as a result. The Republican media has convinced its base that the midterms will go well, that elections are fradulent, and that Democrats are an existential threat to democracy. There is also rage boiling over. What happens if the red wave fizzles?