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Biden's student debt write-off in numbers:
41M wave goodbye to college debt, but
240M without degrees and other taxpayers
each foot $2,500 towards $600B plan that
could worsen inflation, erase deficit
reductions and prompt legal fights

Original Article

Posted By: Imright, 8/30/2022 11:24:42 AM

President Joe Biden's plan to forgive at least $10,000 in student loans has divided Americans and even members of his own Democratic party, raising tough questions about the scheme's cost, popularity and even over its legality. The White House has not yet stated what the overall cost of the debt write-off will be, but estimates start in the region of $300 billion and some even exceed $1 trillion, making it one of the costliest executive actions in history. This raises troubling questions about how the scheme works, how much it will really cost, who will pay for it, whether the American public wants it,

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Reply 1 - Posted by: bad-hair 8/30/2022 11:38:08 AM (No. 1263221)
The cash goes first to Biden "supporters" . Second to those low income idiots with useless degrees. Third to those who got fat loans and didn't get a degree (graduate) and last to those who did and aren't paying anyway. Last on the list are you and me who are tradesmen or paid for their kids. We get to pay the bill.
11 people like this.

Reply 2 - Posted by: Brunsong 8/30/2022 12:12:26 PM (No. 1263259)
“Hail to our benevolent King Brandon”
7 people like this.

Reply 3 - Posted by: Ribicon 8/30/2022 12:49:33 PM (No. 1263305)
The Republicans allow an illegal and senseless bailout of $300 billion to $1 trillion for reckless borrowers, just because. The same Republicans howled that $20 billion for Trump's border wall was fiscally impossible, and of the $15 billion eventually spent on the wall (an issue of national security and sovereignty), the US Congress allocated only $5 billion, leaving the remaining $10 billion to be raided (again under stiff Republican protest) from the Pentagon budget.
7 people like this.

Reply 4 - Posted by: MattMusson1 8/30/2022 12:49:50 PM (No. 1263307)
The President does not have the authority to do this. (Even post 9/11) The Courts will slap down JB but not until after the Midterms. People who thought they were getting a $10K bonus are going to see that debt return. And, they will learn a valuable lesson about believing this Administration.
4 people like this.

Reply 5 - Posted by: Pearson365 8/30/2022 12:50:47 PM (No. 1263311)
Since Biden is giving out new student loans, this vote buying scam will be repeated for 2 more years. And if there is no longer a god and Biden/Harris are re-elected in 2024, 6 years. Where are Mitch McConnell, Kevin McCarthy and the RNC? They should have already asked a federal court for an injunction to stop Biden’s unconstitutional giveaway.
8 people like this.

Reply 6 - Posted by: LanceLink1 8/30/2022 1:10:58 PM (No. 1263340)
I refuse to pay it. There. How does that work?
4 people like this.

Reply 7 - Posted by: lynngirl122 8/30/2022 6:08:41 PM (No. 1263594)
Ten thousand write off is a joke and will have zero impact on the burden of college debt.
1 person likes this.

Reply 8 - Posted by: zoidberg 8/30/2022 8:00:57 PM (No. 1263686)
Didn't have any student loan debt? Now you will.
2 people like this.

Reply 9 - Posted by: mifla 9/1/2022 4:23:30 AM (No. 1265089)
Hopefully all the Dems who paid off their loans or worked to pay for their kid's college, will vote to stop this nonsense.
1 person likes this.

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