(Stephen Moore) – Our friends at the National Right to Work Foundation are sounding the alarm about another massive student loan giveaway in the works. This one is for federal employees – whose union gives about 90% of its PAC money to Democrats.
AFSCME, the union of state and local government employees, wants Biden to extend something called the Public Service Loan Forgiveness (PSLF) temporary waiver that has drastically increased the number of government workers eligible for Biden’s student loan relief. The waiver was supposed to expire at the end of October. But AFSCME wants to extend it to July 2023, so as many of its members as possible can sign up.
So far more than 164,000 government workers have seen their federal student loan debt forgiven. If a government-employed borrower makes 120 loan payments under a qualifying repayment plan, they can see their college loan completely forgiven. A sweet deal that’s not been made available to any other Americans.
It’s especially outrageous because the AVERAGE salary and benefits for federal employees is now nearly $100,000 or about 30% more than the median household income.
Are you starting to see a pattern here? The Biden strategy is to bailout all of his political allies and contributors and make taxpayers pick up the tab. It’s what Washington calls “legal graft.”