Leftists Can Thank ‘Joe The Plumber’ For Biden’s Student Debt Bailout

Knick-knack wealth redistribution is back!

In 2008, then-candidate Barack Obama infamously told Samuel Joseph “Joe the Plumber” Wurzelbacher that he believed, “When you spread the wealth around, it’s good for everybody.” It cemented in many Americans’ minds that Obama and the Democratic Party were quickly becoming socialist.

Flash forward 14 years, and Obama’s vice president announced one of the largest wealth redistribution plans ever via a massive college debt forgiveness plan. This time, working-class individuals like “Joe the Plumber” will be paying for millions of college graduates’ degrees.

On Wednesday, President Joe Biden unveiled a plan to cancel $10,000 in student loans per borrower earning under $125,000, as well as $20,000 per borrower who attended college on Pell grants.

White House officials had been weighing the move for months and landed on the $10,000 figure, according to a report from CNN, some Democratic lawmakers have supported canceling up to $50,000 per borrower.