If you were strong-willed enough, you probably managed to sit through the State of the Union address. President Biden came out and hit all the talking points we expected, and nothing new came out of it. However, one point was missed entirely, and it has many concerns. The many being the ones with thousands in dollars of student loan debt. That old campaign promise of Biden has now come back to bite him again and again, and it’s not looking any better after last night.
The White House says its plans to combat the issue, and if it’s anything like the plan for Afghanistan, we may be doomed. However, its lack of mention has many Biden voters who were promised this worried. Outrage has sparked on Twitter with many who feel that the Biden Administration has forgotten this core promise.
Before the pandemic, the country’s student loan debt exceeded $1.7 trillion larger than the average credit card or auto debt combined. With the midterms looming, it is possible to see many Democrats shift focus to hold on to the dwindling fan base as many of their policies have fallen short and the Covid-19 era procedures finally hit the breaking point.
No bill should pass without immediate, generous relief for workers who are losing jobs and hours, small businesses losing revenue, and communities facing emergency needs.
— Joe Biden (@JoeBiden) March 22, 2020
Biden hit on these topics. For example, raising the minimum wage, extending the child tax credit, implementing paid family leave, and condemning the actions of Russian President Vladimir Putin. [Source CNBC]
Investor’s Edge with Gary Kaultbaum can be heard on weekdays on MoneyTalk 1010. Gary Kaltbaum is a registered investment advisor with more than 30 years of experience in the markets. He is the owner and President of Kaltbaum Capital Management, a financial investment advisory firm headquartered in Orlando, Florida. He is a Fox News Channel Business Contributor regularly appearing on Fox News Channel and the Fox Business Network. In addition, Gary is the author of the book “The Investors Edge” and the host of a nationally syndicated radio show with the same title, “Investors Edge,” broadcast on numerous stations across the U.S. The show is also available on-demand and airs live 6-7 pm EST Monday-Friday. You can hear past shows online at garykaltbaum.com.
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