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WH Spox Bottoms on How Debt Plan Is Paid
For: Biden Did ‘a Very In-Depth Analysis’
on if We Could Afford It

Original Article

Posted By: Imright, 8/24/2022 9:06:43 PM

On Wednesday’s broadcast of CNN’s “The Lead,” White House Senior Adviser for Public Engagement Keisha Lance Bottoms responded to questions on how President Joe Biden’s student loan cancelation program will be paid for by stating that President Biden “has done a very in-depth analysis in looking at whether or not the country can afford to give this relief to borrowers across this country,” and has consulted with his economic advisers. Host Jake Tapper asked, “Let me start with the fact that Wharton estimates that this plan is going to cost somewhere between 300 billion and 980 billion over ten years. What is the actual number, do you think, and

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Reply 1 - Posted by: davew 8/24/2022 9:27:34 PM (No. 1258372)
The answer for "how will this be paid for?" is the same as how the $1600 checks the Congress mailed out during the pandemic were paid for. The Treasury will issue bonds that will be purchased by the money center banks using money that has been deposited in their reserve accounts by the Federal Reserve Bank. No tax dollars are involved. As long as the students getting the relief spend an equal amount on real goods and services in the real economy it will provide income to millions of businesses employing millions of other people and avoiding a recession. The people who are always demanding how the government will pay for things are the same people that have trillions of dollars in Treasuries locked away earning them billions in interest income where is does nothing to help people. Why don't they ask who's paying their interest income?
8 people like this.

Reply 2 - Posted by: velirotta 8/24/2022 9:32:55 PM (No. 1258375)
Her answer was in no way a cogent answer. I imagine that was about all that Tapper expected from such an airhead.
12 people like this.

Reply 3 - Posted by: Nimby 8/24/2022 9:36:19 PM (No. 1258377)
Aha! That’s what he was doing on his 3 week vacation!! Analyzing data🤣 Get outta here
30 people like this.

Reply 4 - Posted by: itsonlyme 8/24/2022 9:44:18 PM (No. 1258379)
"very in-depth analysis" The Demented Fuhrer can't even properly read a teleprompter let alone ride a bicycle. Jill, you have done nothing for a long time. Instead of scheduling photo-ops and interviews for yourself, you should have made the necessary medical appointments. Why were you so afraid?
17 people like this.

Reply 5 - Posted by: scottj 8/24/2022 9:44:31 PM (No. 1258380)
Biden did a very in-depth analysis? How stupid do these liberals think we are? It's insulting how these liberals lie to us. Biden can't even change his own diaper. He doesn't know who or where he is. He spends have his time on a bicycle going Weeeeeee! Yeah. He did a very in-depth analysis.
22 people like this.

Reply 6 - Posted by: sterling431 8/24/2022 9:45:32 PM (No. 1258381)
Just a payback to the Colleges & Universities that contributed so much to Biden. It encourages tuition rates to continue to rise. It is also a slap in the face to all those that scrimped and saved and/or worked 2 jobs to pay as they went. What about those that chose to go to trade schools or apprenticeships which are critical to maintain our infrastructure? No forgiveness for them either. A rotten deal that is nothing but cash for votes. FJB
19 people like this.

Reply 7 - Posted by: wilarrbie 8/24/2022 9:50:08 PM (No. 1258385)
I'm wondering how they will treat future students. How often and for what other reasons will we demand federal intervention on our debts because we over-borrowed? And what, if anything are the actual colleges required to kick in? How many billions in untouchable endowments do they sit on? I kinda resent having my pocket picked to pad theirs.
14 people like this.

Reply 8 - Posted by: nerdowell 8/24/2022 10:00:48 PM (No. 1258391)
Here's one the Republicans should let go by. There is no benefit to looking like the mean girls trying to take back money the future recipients already consider theirs. It's far from a done deal. In the meantime let dems deal with the consequences--court challenges, bitterness of the non-recipients, taxpayers, and opposition within their own party. They're betting the republicans will take the bait and assume the problems they've created.
11 people like this.

Reply 9 - Posted by: thethirdruffian 8/24/2022 10:24:58 PM (No. 1258399)
Biden analyze? He doesn’t know what day it is.
18 people like this.

Reply 10 - Posted by: Anti-DemocRAT 8/24/2022 10:36:46 PM (No. 1258406)
If it goes to citizens its better than money going to illegals and ukraines. This wont buy any votes the beneficiaries already vote for the commies.
4 people like this.

Reply 11 - Posted by: earlybird 8/24/2022 10:42:56 PM (No. 1258409)
Dementia Zhou couldn’t do an in-depth anaysis of his underwear drawer.
10 people like this.

Reply 12 - Posted by: Heraclitus 8/24/2022 11:00:40 PM (No. 1258415)
#6, not only for their big political contributions, loyally made to the DNC and every Dem/Left candidate, but also because they so assiduously indoctrinating new voters and future propagandists, matriculating them year after year. Nice little operation. The money goes round and round and round. The money goes round and round. (And don't you gripe or complain! There will be 87,000 new armed IRS agents plus the tens of thousands already employed, to ensure we stay in line. Speaking of this, I think this new IRS Legion sounds like "posse comitatus" to me.)
8 people like this.

Reply 13 - Posted by: volksford 8/24/2022 11:24:01 PM (No. 1258420)
Biden's last in depth analysis was his navel lint
6 people like this.

Reply 14 - Posted by: DVC 8/24/2022 11:40:58 PM (No. 1258432)
What a lie.
5 people like this.

Reply 15 - Posted by: smokincol 8/24/2022 11:57:31 PM (No. 1258442)
yessiree, he sure did, he asked comrade obama what to do and then did exactly what comrade obama told him to do - we do have the dumbest individual, ever, in that office right now and he's proving it more and more , every day
5 people like this.

Reply 16 - Posted by: 24tea@Mag 8/25/2022 12:00:59 AM (No. 1258444)
Show us the analysis! Bet it never happen.
5 people like this.

Reply 17 - Posted by: 49 Ford 8/25/2022 12:20:07 AM (No. 1258449)
Did she say "in depth" analysis or "inept" analysis?
8 people like this.

Reply 18 - Posted by: Strike3 8/25/2022 4:05:03 AM (No. 1258480)
Did Joe do his analysis on the beach in South Carolina or on the beach in Delaware? This assclown learned how to vacation properly from Holiday Hussein and he practices often. Since this latest vote buying scheme is illegal, it's eventually going to blow up in their faces.
5 people like this.

Reply 19 - Posted by: judy 8/25/2022 4:25:57 AM (No. 1258483)
Free college for a certain class... courtesy of the taxpayer
5 people like this.

Reply 20 - Posted by: jinx 8/25/2022 7:11:37 AM (No. 1258524)
Why don't they put a cap on college tuition after lowering it? A college education is no longer an education; it is an indoctrination. It's no longer worth the price one has to pay for it.
5 people like this.

Reply 21 - Posted by: Muguy 8/25/2022 7:49:26 AM (No. 1258552)
AS the late, Great Rush Limbaugh taught us in our "Advanced Conservative Studies" at the Limbaugh Institute, "whatever you subsidize, you get more of" College tuition is one example as those who took out student loans "have money" to pay for 'higher education'. Those who saved have money available. There are some who came from foster homes that get their tuition paid for. The truth is that not everyone wants or needs to be college educated, and some jobs only need specific technical training and can often make more in salary that many jobs requiring college degrees or associate degrees. When someone years ago can start freshman year at $35 a semester hour and end up four years later paying $125 dollars a semester hour, PLUS all the add-on "fees" it makes it more difficult to afford college. Merely saving gets you about a year and a half to maybe two years at best. Nowadays, you can watch course work ONLINE in many cases and avoid the costs of overhead for maintaining and operating buildings (Bidenflation, anyone?) on campuses through the use of technology which has changed how instruction is presented. Just like about ANYTHING with socialism, some people are picked to be the "winners" and those who did it the right way are screwed over, so what is the incentive to work and pray and sacrifice?
4 people like this.

Reply 22 - Posted by: Bur Oak 8/25/2022 7:50:25 AM (No. 1258554)
I will be paid for the same way all the Democrat spending is paid for. By inflation and devaluing of the currency. People that save will be paying extra on their savings. If you have a government pension, you will be taken care of through increases.
4 people like this.

Reply 23 - Posted by: bad-hair 8/25/2022 8:47:42 AM (No. 1258634)
Biden in depth is about 2 inches.
1 person likes this.

Reply 24 - Posted by: bad-hair 8/25/2022 8:55:26 AM (No. 1258646)
The ones getting the relief are the ones who are not paying back anyway.
2 people like this.

Reply 25 - Posted by: bigfatslob 8/25/2022 9:11:20 AM (No. 1258667)
The man/vegetable spends three weeks on vacation riding his bicycle like Pee Wee Herman on a beach, so we are told the Vegetable in Chief did 'in depth analysis'. They'll to come up with a better lie for me to believe it.
2 people like this.

Reply 26 - Posted by: red1066 8/25/2022 9:36:14 AM (No. 1258703)
Right! Biteme did the analysis. Biteme is on permanent vacation. The only analysis Biteme ever does is studying the contents of his diapers.
2 people like this.

Reply 27 - Posted by: cor-vet 8/25/2022 10:57:19 AM (No. 1258808)
The hardest in-depth analysis bidet is capable of, is what kind and how many scoops of ice cream does he want in his waffle cone!
0 people like this.

Reply 28 - Posted by: mod 8/25/2022 12:23:30 PM (No. 1258912)
Cancelled (forgiven) debt is treated as income for the year the debt is cancelled. Many will be surprised to find out that their income increased by this amount during the year, with no taxes deducted for it. If this goes through, maybe these former students will learn that 1) If you take out a loan, school or otherwise, you alone are responsible to pay it, and 2) the government can't and won't give you anything for free. Maybe there will be a use for those new 87,000 agents after all. It'd be a shame if any of the forgiven had cars, houses, or any other "toys" laying around.
1 person likes this.

Reply 29 - Posted by: franq 8/25/2022 4:31:14 PM (No. 1259174)
If we give people things, they will take the money owed on those things and spend it elsewhere, thereby benefitting the economy. Do I understand #1's logic correctly? And the money owed on said things will come from sources that do not impact me in any way. Am I following correctly?
1 person likes this.

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