Cancel student-loan debt? That’s making the working class subsidize the elite!

Jonah Goldberg:

One good rule of thumb is to judge parties and politicians by their priorities. Look at which things they actually work to achieve or spend political capital on. This will tell you not only what they’re really for, but which constituents they really care about.

By that metric, it will be very revealing if one of Joe Biden’s first actions as president will be to forgive student debt.

That’s an idea swirling around Democratic circles — particularly among the progressive base. The base turned out for Biden, and now they want their pay-off — literally so, in the case of massive debt forgiveness.

Last week, a coalition of 236 progressive groups led by teachers unions called on Biden to cancel student debt on his first days in office. Biden himself has already urged Congress to cancel $10,000 as part of a pandemic relief package.

Sens. Bernie Sanders and Elizabeth Warren have called for even greater debt forgiveness. Sanders’ plan would cost an estimated $1.6 trillion dollars.