An Intelligent.com survey revealed that 34% of borrowers would have spent less money had they not been at least somewhat confident of receiving debt relief. Three-quarters of respondents indicated that were either “somewhat” or “very” confident that their debt would be forgiven.

5% of the overall total claimed to have spent an additional $10,000, the minimum expected relief amount. A further 9% claimed to have spent between $7,501 and $10,000, while 17% claim to have spent between $5,001 and $7,500.

[Oh the irony of this data coming from ‘Intelligent.com.’ If these recipients had any sort of education in civics, they would have realized that this was nothing more than a cynical manipulation from Biden and his administration to buy their vote in the midterms, and on the cheap. They knew damned well that this program wouldn’t survive a court challenge, which is why Biden and his team kept changing the rules to avoid one. Now all they have is Flounder’s Lament. — Ed]