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Infuriating: Here's What Biden Is Using
to Justify His Student Debt Plan

Original Article

Posted By: ladydawgfan, 8/25/2022 9:18:42 PM

President Joe Biden caved to radical leftists on Wednesday and decided to move ahead with "forgiving" billions of dollars in federal student loan debt at a cost of more than $300 billion to American taxpayers — whether or not they attended college, had student loans, or had already paid back their own loans. Despite House Speaker Nancy Pelosi's April declaration that the president did not have such authority to do anything but "postpone" federal loan repayment, Biden plunged ahead in something of a last-ditch attempt to motivate Democrat voters ahead of the midterms with some action from the Oval Office.

Comments:

So which of Dementia Joe's favored leftists are willing to give their lives in service to their country??

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Reply 1 - Posted by: MsMontana 8/25/2022 9:37:06 PM (No. 1259368)
So what about those of us who WANT to pay back our loans, like we agreed to? Are we going to be able to? What about institutions that charge outrageous tuition and fees? Are they going to bear some of this cost? Are there going to be restrictions on what degree programs student loans are going to fund? (like engineering, medicine, and education but not gender studies, revisionist history or critical race theory?) Will my children have a prayer of higher education later on? This spend and spend and spend and spend is ridiculous. I read today that 1 in 5 households can’t pay their utility bill due to a 16% hike in utility costs? Seems that’s a more pressing issue. But what the hell… it’s just the rednecks going without, they’ll figure it out, right? In-freaking-sane
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Reply 2 - Posted by: ms1234 8/25/2022 10:20:35 PM (No. 1259388)
Wonder how this will affect peoples credit scores? Higher scores for those who pay their debts. Lower credit scores for those that default. Will this handout be considered "earned income"? If so, taxes will need to be paid to the IRS thus getting back some of the money. A nice revolving pyramid scheme. How many time will "recipients" get to file a claim form? Knowing how the Feds work, there will be fraud in abundance costing even more billions of dollars.
6 people like this.

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