“Universities have become wards of the state and reliable and dependable political allies of big government,” he said. He since has gained fame and, in some academic circles, infamy as an author-crusader against rising college costs and a senior fellow at Oakland’s libertarian Independent Institute.Īs I expected, Vedder roundly criticized Biden’s loan forgiveness as adding to the larger long-range problem of soaring college costs more than solving it. Here is where I turned from Twitter to call Richard Vedder, economics professor emeritus at Ohio University, where I was one of his students. Increasingly, students and their families have been left holding the bag on college costs that don’t go anywhere but up. Since then, tuition at good state universities such as mine have grown from a few hundred dollars a semester to thousands of dollars, especially after state governments in President Ronald Reagan’s era put new limits on how much they could tax or spend to subsidize higher education. The PPP is a central part of the Coronavirus Aid, Relief and Economic Security Act, or CARES Act, which was created to help small businesses to retain their employees during the pandemic.įederal student loans have a longer and more complicated history since the Cold War years and President Lyndon Johnson’s Higher Education Act of 1965 in a new push to expand college and technical education opportunities to working class baby boomers like me. Yet the apologists are not all wrong to say the Paycheck Protection Program loans aren’t exactly the same as student loans. Whichever side you take, I think it’s healthy for “Dark MAGA,” as Biden now calls Donald Trump’s domination of the Grand Old Party, to think twice before singling out loans to struggling families and individuals as a “moral hazard” while offering the same sort of help to employers. The student loan debate continues, along with the meme warfare.

Other GOP congressmen were similarly zinged by the White House, including Florida’s Matt Gaetz, Pennsylvania’s Mike Kelly, Florida’s Vern Buchanan and Markwayne Mullin and Kevin Hern, both from Oklahoma. But I wasn’t expecting to see her soundbite retweeted by the White House with the added caption, “Congresswoman Marjorie Taylor Greene had $183,504 in PPP loans forgiven.” That was a typical and predictable reaction from the right. Marjorie Taylor Greene, who lashed Biden’s move in a Newsmax appearance as “completely unfair” to “taxpayers that never took out a student loan, taxpayers that pay their bills and maybe even never went to college and are just hardworking people.” That’s the message from Georgia Republican Rep. The political gamble is his apparent hope that voters who favor loan forgiveness, a strong faction in his party, outnumber those who see forgiveness as a slap against those who dutifully paid back their loans without getting a break or worked to avoid taking them out in the first place. His plan calls for canceling $10,000 in debt for those earning less than $125,000 per year and $20,000 for those who had received Pell grants for low-income families. You could hear Dark Brandon’s voice punching back Friday morning in White House tweets responding to Republican put-downs of Biden’s announced forgiveness of student loan debt.īiden knew he was taking a big political gamble, but he wanted to make good on a campaign promise to wipe out significant amounts of student loan debt for more than 40 million Americans. “Dark Brandon,” if you haven’t heard, is a Twitter meme promoted by liberal tweeters to rebrand the right’s “Let’s Go Brandon” taunts of President Joe Biden’s competency.

(AP Photo/Evan Vucci)ĭark Brandon is figuring out how Twitter works. President Joe Biden arrives with Education Secretary Miguel Cardona to speak about student loan debt forgiveness in the Roosevelt Room of the White House, Wednesday, Aug.

Joe biden twitter memes