Biden Administration Announces Plan to
Shift Another $7.4 Billion in Student
Debt to Taxpayers
National Review,
by
James Lynch
Original Article
Posted By: Dreadnought,
4/12/2024 3:46:28 PM
The Biden administration on Friday announced yet another student-loan debt giveaway, this time passing $7.4 billion in debt accumulated by an estimated 277,000 Americans to taxpayers through the Saving on a Valuable Education (SAVE) income-repayment plan and other similar repayment options.
To date, the Biden administration has canceled $153 billion of student debt for 4.3 million Americans through executive action.
The latest student-debt forgiveness policy comes after the Biden administration announced a plan to transfer $20,000 in accrued interest per borrower for 23 million Americans onto taxpayers, and forgive all student debt for roughly 2 million borrowers eligible for SAVE
Post Reply
Reminder: “WE ARE A SALON AND NOT A SALOON”
Your thoughts, comments, and ideas are always welcome here. But we ask you to please be mindful and respectful. Threatening or crude language doesn't persuade anybody and makes the conversation less enjoyable for fellow L.Dotters.
Reply 1 - Posted by:
Venturer 4/12/2024 4:42:13 PM (No. 1698111)
Spending money we don't have. Where is the Supreme Court. ? Where is the impeachment for Biden not obeying the court, but looking for ways around it. We have a Congress made up of half democrats that think this sick old man should be their candidate. They should all be tossed from government for being not of sound mind.
28 people like this.
Reply 2 - Posted by:
Starboard_side 4/12/2024 5:27:24 PM (No. 1698137)
Of course, if this was being done by Trump they headlines would be "In defiance of the Supreme Court, Trump issues lawless order to relieve students from loans they willing took out", or something to that effect, right?
What the RNC and Trump should be pointing out however is how horribly run and administered the program must be for them to have found so many problem loans.
Considering, the program looks to be a very good candidate to be significantly scaled back as a result.
16 people like this.
Reply 3 - Posted by:
franq 4/12/2024 5:39:48 PM (No. 1698147)
This is preposterous.
15 people like this.
Per Kudlow today, the False Prophet shifted student loans from banks to the DOE in order to use the interest payments to fund his health care program. So not only would taxpayers have to pay off the remaining principle on the forgiven loans, the shortfall in obamacare funding would also have to be covered. Insanity!
16 people like this.
Reply 5 - Posted by:
john56 4/12/2024 5:51:13 PM (No. 1698152)
And of course, like all federal giveaways, there's a line in there saying you or I won't get a dime of it.
12 people like this.
Reply 6 - Posted by:
Chiritwo 4/12/2024 9:31:43 PM (No. 1698235)
Every prospective employer should ask if they had their students loans paid for them by the tax payers and not hire them if they did. These people a bunch of losers and you don't want them in your company.
13 people like this.
Reply 7 - Posted by:
mifla 4/13/2024 4:41:34 AM (No. 1698356)
The American taxpayer is tired of being an ATM machine for vote buying.
16 people like this.
Reply 8 - Posted by:
Strike3 4/13/2024 7:06:51 AM (No. 1698422)
This in-your-face theft is the evil that Biden is willing to perpetrate on Americans to buy a few more votes in an attempt to hold on to power. I wonder if he remembers the history of Julius Caesar or if he ever knew it?
9 people like this.
Reply 9 - Posted by:
Muguy 4/13/2024 8:50:35 AM (No. 1698499)
The question remains-- by WHAT AUTHORITY does the Vegetable have to do this?
To put all those debts on the taxpayer, or just flat out printing money to BRIBE college deadbeats to VOTE for MORE socialism to save his sorry behind, has been determined by the Supreme Court of the United States to be unlawful.... where is the enforcement to prevent this from happening???
This should be a question that needs to be answered, or every whim to BUY VOTES on YOUR DIME will be handed out with impunity!!
Vote those damn demonrat socialists OUT-- and pray that we can turn both houses of Congress over to republicans who WON'T sell your civil liberties against unWARRANTED searches and seizure for their own political power or to enrich their corrupt bank accounts.
8 people like this.
Reply 10 - Posted by:
Zigrid 4/13/2024 10:17:17 AM (No. 1698574)
The DC swamp rats are desperate...and this latest attempt to buy votes is pathetic...defying the Supreme Court is their latest trick in their arsenal...no wonder senator Chuckie Schummer is threatening the court...he's in a panic.....
3 people like this.
Reply 11 - Posted by:
PrayerWarrior 4/13/2024 10:52:47 AM (No. 1698617)
How long do we have to endure this lawless president? Who will stop him?
4 people like this.
Reply 12 - Posted by:
Scribelus 4/13/2024 11:51:46 AM (No. 1698659)
Yet another major dose of inflation. Unforgivable Joe belongs in public display in a cage with a bucket. Next to the cage containing Schemer.
3 people like this.
Reply 13 - Posted by:
MickTurn 4/13/2024 12:57:25 PM (No. 1698687)
The big question is: Does Joey still get his 10%?
2 people like this.
Reply 14 - Posted by:
Lawsy0 4/13/2024 9:27:56 PM (No. 1698876)
Joe Biden speaks for the dedicated public servant everywhere when he says "ddbvs;lkwe equals vneug;a and furthermore, do I look like I give a blfx and it's none-yer @#%$ bidness! Of course, he was reading from his notes.
0 people like this.
Reply 15 - Posted by:
bmw50 4/13/2024 9:57:13 PM (No. 1698887)
The whole point of Biden paying off loans, opening the boarders and telling people what they want to hear, is to BUY VOTES, How is it not criminal to use taxpayer money to by votes for Democrats. How can it be stopped? How can these criminals be prosecuted? How do we get this administration to be held accountable? Instead, the taxpayer sees his/her taxes used to support this administration's criminal enterprise, as it continues to get worse and worse. The taxpayer has no voice or reps or power to stop it, or the inflation it's producing. If you are conservative, the money the government takes from you, is being used against you; reducing your rights, your voice and your buying power.
0 people like this.
Reply 16 - Posted by:
Old Army Vet 4/14/2024 1:06:35 AM (No. 1698955)
Such a moron.
0 people like this.
Below, you will find ...
Most Recent Articles posted by "Dreadnought"
and
Most Active Articles (last 48 hours)