On Monday, Joe Biden is expected to announce yet another attempt to buy votes with American taxpayer's money. This time, it's another "student loan forgiveness" scheme. While the amount to be wiped off the books - and by "wiped off the books," we perforce mean "to be transferred to the taxpayers" - is not known, previous attempts amounted to nearly half a billion dollars.

Biden will detail the plan Monday in Madison, Wisconsin, where the flagship campus of the University of Wisconsin is located. The actual federal regulations — outlining who would qualify to get their student loan debt reduced or eliminated — are not expected to be released then, said the people, who were granted anonymity to detail a proposal not yet made public.

Much of the specifics that Biden will discuss Monday have long been telegraphed through a negotiated rulemaking process at the Department of Education, which has worked for months to hash out the new categories of borrowers. The president announced immediately after the Supreme Court decision that Education Secretary Miguel Cardona would undertake the process because he would have the power under the Higher Education Act to waive or compromise student loan debt in specific cases.

Still, the effort seeks to make good on Biden’s promise after the Supreme Court struck down his initial plan in June, a $400 billion proposal to cancel or reduce federal student loan debt that a majority of justices said required congressional approval. Biden called that decision a “mistake” and “wrong.”

The decision wasn't a mistake, and it wasn't wrong. These college students, presumably adults, signed contracts. They are liable for the consequences of their decisions to sign those agreements, which, under the law, are required to include amortization information and terms of repayment - which they agreed to when they signed.

The only question that applies now to these students, many of whom have likely spent the borrowed money on Ethnic Underwater Dog-Polishing Studies degrees, is this:

Questioner: "Did you sign the loan agreement?"

Student: "Yes."

Questioner: "Fine. Shut up and pay your debt."

In a sane world, that would be the end of the issue. But we often don't live in a sane world, and in an educational system that already sees billions in direct and indirect subsidies, the Biden administration is willing to drop even more of the load on taxpayers and, by the way, reward poor planning and bad decisions.

Previously on RedState: Biden Administration to 'Fix' Student Loan Program by Forgiving $39 Billion in Loans 

NYT Columnist Suggests 'Death' as an Option to Avoid Student Loan Repayment, NYT Fumbles Stealth-Edit Attempt

The New York Times had this to say on the subject:

The president’s popularity among young people, a group that was critical to his 2020 victory, has dropped significantly in the past several years. A December poll conducted by The New York Times and Siena College found that Mr. Biden is trailing Mr. Trump among voters 18 to 29, which is a dramatic turnabout. In 2020, Mr. Biden won that group by 20 percentage points.

Yes, the Biden administration is trying to buy votes. They are losing young voters and intend to buy back the lost youth enthusiasm with taxpayer dollars and, in so doing, abrogate centuries of contract law.

Once again, this is a great argument for getting government out of education. If education were privately financed, all of the various, useless, idiotic "X-Studies" degrees would dry up overnight. And the taxpayers wouldn't be on the hook for young skulls full of mush that made poor decisions.