Buy votes, create disparity and divide people, that’s what democrat policies are designed to do. Joe Biden follows the playbook by cancelling $10k to $20k in student loan debt for those who have federal government loans. Students with private loans backed by the federal government are not eligible.
Additionally, Biden has extended the “COVID emergency payment moratorium” through the end of the year. No one with a federal student loan needs to restart paying until after the midterm election, in 2023. [White House Fact Sheet Here]
If the economy is doing so great, then why the need for bailouts?
WASHINGTON (AP) — President Joe Biden on Wednesday announced his long-awaited plan to deliver on a campaign promise to provide $10,000 in student debt cancellation for millions of Americans — and up to $10,000 more for those with the greatest financial need — along with new measures to lower the burden of repayment for their remaining federal student debt.
Borrowers who earn less than $125,000 a year, or families earning less than $250,000, would be eligible for the $10,000 loan forgiveness, Biden announced in a tweet. For recipients of Pell Grants, which are reserved for undergraduates with the most significant financial need, the federal government would cancel up to an additional $10,000 in federal loan debt.
Biden is also extending a pause on federal student loan payments for what he called the “final time” through the end of 2022. He was set to deliver remarks Wednesday afternoon at the White House to unveil his proposal to the public.
If his plan survives legal challenges that are almost certain to come, it could offer a windfall to a swath of the nation in the run-up to this fall’s midterm elections. More than 43 million people have federal student debt, with an average balance of $37,667, according to federal data. Nearly a third of borrowers owe less than $10,000, and about half owe less than $20,000. The White House estimates that Biden’s announcement would erase the federal student debt of about 20 million people. (read more)
A Vet told me some time back that I was lucky to leave Kollege while I could still think.
One of the best lessons I ever learned came from the auto shop teacher. Applies to life not just cars.
‘ Fix the problem , NOT the symptom of the problem ‘
Doctors need to learn this too.
Yup, western docs provide scripts and cause irreversible damage when many times they simply need to treat the whole system (body and mind) with diet and/or lifestyle changes, herbs, supplements, exercise, meditation, etc.
We are mortal. We get ill, we die. While a healthy lifestyle is always adviseable, there are conditions that require pharmaceuticals to live. Diabetes being one of them. Good doctors use many tools.
Diabetes is usually brought on by an unhealthy eating lifestyle. That’s why you are told to change your diet at the first symptoms of it in hope of reversing it.
I know there are exceptions to the rule but for the most part almost everyone that has gotten diabetes is overweight.
Wrong. There are many with Type II, that fall into your category, but many who do not. Type I diabetes starts at any age and is deadly. No one can accuse Mary Tyler Moore of being fat. Diabetes is only one example. Hypothyroidism is another. There is no diet, herb or lifestyle to correct that. Hypertension another. There are many fit and healthy hypertensive folks who rely on meds to prevent stroking out. I could go on.
If all it took was herbs, food, excercise and meditation, we would see a portion of global population living well into their hundreds.
My grandmother’s sister had diabetes. My mother, older brother, younger sister and two younger half brothers had diabetes. I was diagnosed when I was in my 60’s. Granted I have a couple of extra pounds, but I think mine and my family’s was inherited.
In many cases it is hereditary as are many other conditions. We cannot change our genes.
I dunno what doctors you go to but most of them in my experience seem to understand this logic just fine.
Electricians and plumbers on the other hand…
You beat me to it. I agree wholeheartedly.
The problem is about 10,000 scum bag politicians and bureaucrats who run this country. They have R’s and D’s beside their names but they are all America hating scum and I’m sick of them.
Root cause.
I love the image. It’s so appropriate.
Oh good gosh! We are re-watching the Stargate series. I swear, I told my wife that the Big Zero looks just like Apophis! And here you prove it by presenting evidence…! 🙂
Seems appropriate since Apophis was represented as a serpent in Egyptian mythology.
Holistic medicine takes that approach, too. Only they call it “address the cause, not the symptom.”
Eff J B. To infinity
… and beyond 🙂
And all of his followers and like minded people!
Those that would vote for the DC bailout crowd because of this bailout, are already voting for them. And those that don’t get swayed by obvious attempts at bribery, won’t change because of this. And they know it. This has more to do with hastening the bankrupting and collapse of this nation so they can bring on their communist utopia than anything else.
Student loan deal could cost $900B and favor top earners, analysis shows
https://www-foxbusiness-com.cdn.ampproject.org/v/s/www.foxbusiness.com/economy/student-loan-deal-could-cost-900b-favor-wealthy-americans-analysis-shows.amp?amp_gsa=1&_js_v=a9&usqp=mq331AQKKAFQArABIIACAw%3D%3D#amp_tf=From%20%251%24s&aoh=16613724276658&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.foxbusiness.com%2Feconomy%2Fstudent-loan-deal-could-cost-900b-favor-wealthy-americans-analysis-shows
I think there will be huge backlash from the working class over this. People keep saying they want “FREE” education and healthcare. Where do they think the money comes from?
At this point, I am so filled with hate for these people that I want them to abort their babies, have their genitalia amputated, get sterilized, and commit suicide due to the ensuing depression. I don’t want to share the planet with them anymore, and if they do all the perverse things they beg for, they won’t be around in 4 generations. Job done, and they did it to themselves with a bullet being fired!
Several years ago one of my grandsons excitedly told me he had gotten an offer from a four year college, saying, “Grandma, it’s all FREE!”
And Grandma said, “No, it’s not. What you mean is that somebody else is paying for it.”
Saying what is so often leads to short conversations–no matter who the conversation is with.
They’re trying to invoke a visceral response from conservative patriotic Americans.
Then they can can claim civil unrest, lock us down and send in the UN “peacekeepers” already trained and waiting.
Don’t fall for their trap.
Other people’s money.
The University system, now a defacto Marxist indoctrination network, is a Government/private partnership similar to BigTech. No matter what happens, DC Democrats will always bail out and funnel taxpayer money to these two entities, since one serves to ‘Community Organize’ impressionable young people into leftwing Democrats, and the other serves as their Ministry of Propaganda.
Imo, at a minimum we need to immediately shut off the Federal money spigot to these, including student loans and Federal loan backing. Put the squeeze on these Communist parasites, and don’t let up…. sh*tcan the entire system if necessary, and then do the maga version of ‘build back better’. 🙂
It’s the parents that send their kids to these schools. It’s like blaming public government schools for crappy education instead of the parents either educating their children themselves or putting them in a private school. You get what you pay for. Government schools are government training centers. You can’t expect them to teach your worldview when the schools belong to them. College is exactly the same. If conservative parents send their children to progressive schools you get progressive students. How hard is this? Americans have abdicated their responsibility of training their children to the state and the state has educated in the states worldview and today is where we are.
I’m going to add that the transgender person competing in women sports would have been over if girls and women had said we’re not participating in this as long as a man can compete with us, but because they didn’t want to miss out and men have infiltrated woman sports and are kicking some serious tail of the women because women let it happen by participating. Same with these progressive schools and conservative parents. Don’t go to them. What does a person gain if he gets everything he wants and forfeits his own soul.
We conservatives can’t just boycott life…. We need to reverse the course of these institutions. Make regressive progs crawl back under THEIR rock; THEY can boycott life.
All of the hard working responsible students who worked and paid off their gov’t loans should be given $10-$20,000 with interest to even the score. Not to mention those of us who paid our own way.
FJB
Ok let’s say yeah give 10k to 20k to all those you have just listed and every person can pay $10 bucks for bread and milk each. Do you have any idea how much prices are going to go up because of this so why don’t we throw caution to the wind and just print up more so everyone gets in on the collapse of the country. Brilliant.
Yeah I paid off my loans in 2017. Around 20k worth. Where’s my money???🤬
Amen.
I put away at least $400k for my kids by making personal sacrifices.
People who just wanted to live it up get to keep their toys and expensive homes.
This is BS.
Praise be!!!! I got a bailout from Biden’s stash!!! I love democrats!!!! ……. WAIT… WHAT!!! Why am I getting this IRS audit letter??
NOTHING is for free you fools!
This is just blatant pandering and politics. a judge will slap an injunction and it will work its way up to the Supreme Court where it will be found unconstitutional. then the dems will run on packing the supreme court and blaming republicans for the student loan mess.
Many of these people got degrees not worth the paper they are printed on, let alone $10,000-$20,000 of my hard earned money.
FJB.
It’s worse than that unfortunately. They got worthless degrees, and an indoctrination in medieval leftist theology. They left college thinking that the USA sux, their neighbors are ‘phobes and white supremacists, and that there’s an existential threat to climate that requires Socialism or else Earth is gonna end in ten years i mean three years i mean next tuesday.
Yep. And just think the chinese youth don’t have to pay to be indoctrinated with communist crap like our young people who have to go in debt to pay for the same indoctrination.
So, in a way, maybe it is only right that the government give all of those who voluntarily enrololed in the indoctrination camps some of their indoctrination money back.
Think of it this way. The illegals are sucking up way more money from us than the college kids who paid for commie indoctrination on credit. Gotta feel sorry for any kid paying for the shit poured on them in our colleges and universities.
Add this to the list of things the installed regime is doing which says you can’t stop us.
On a positive note, AOC would still need to pay her student loans…..lol.
This cannot pass the legal system. “Cancelling debt” means taxpayer paid. I didn’t see this go before Congress as a tax, so how can taxpayers pay?
Remember Cain’s 9-9-9 plan? No politician playing favorites or picking winners. We need a system like that.
Legally, this should never pass and Biden knows this is just for a bump in the polls for Dems and to sidetrack all from the Fed meeting later this week.
Gonna be some bad news from the Fed if Sleepy Joe did a presser today for cancelling student debt.
Whatever university AOC went to owes her a refund. They either are a terrible institution, or she should never have been admitted as she obviously was incapable of learning anything.
Boston University….she is supposed to have degrees in finance and foreign relations and cannot intelligently talk on either topic
Kroesus,
Boston University….she is supposed to have degrees in finance and foreign relations
and cannot intelligently talk….…
FIFY! 🤣
Actually she has a general studies degree, but took an economic course and some polysci. The press inflated her credentials (big surprise).
Well, she has an immensely inflated sense of her own worth so I guess she and the Press are equal!
Equally idiots!
By the way, my statement was in response to Kroesus’s!
Maybe she thought she was getting a degree in effffing relations like camel toes.
Marxism doesn’t look good on America.
The Marxist degrees aren’t worth the paper they’re written on IMO.
Oh cmon, that lady never went to college.
My guess is she did and has multiple degrees all worthless in the real world.
Have any of Dementia Joe’s constituents realized that the total amount of a forgiven loan is taxable as ordinary income in the tax year when the loan forgiveness was received? Come January 31, 2023, when these dumb bunnies receive a statement from the U.S. Gibmedat, they will find out that they are on the hook for the TAXES owed!! Then they will howl, but wait, the mid-term elections will be over by then! Brilliant!
Now you know what 47,000 of the 87,000 IRS agents are going to be assigned to audit.
Depends on what income bracket they are in, on weather they will pay any taxes on the gift.
An announcement, that is likely illegal, the day before I believe the DOJ have to return the redacted affidavit, curiouser and curiouser
Worked two jobs for about 5 years to get the student loan monkey off my back. Delivered a whole bunch of pizza, no regrets but a 10G rebate would be nice. Could fill up the truck and hopefully have enough left for groceries
And that fuel will cost about 10 bucks a gallon soon. Tell biden to keep his crony money you’ll pay your own way and not be a leach like his followers.
Have you ever noticed how young people react when you tell them that you saved money and worked part time to pay for your higher education?. They look at you as if you are nuts to have worked so hard to be independent and educated.
Or they whine that it was cheap for you.
Damn, this pisses me off.
So blue collar workers get to pay for rich kids to go to college and this is supposed to help the economy? BS. This is Joe Biden and the entire DNC trying to buy votes and it’s disgusting.
This will get more people hating on each other, exactly as intended.
That makes sense; had to be some reason why these politicians are purposely alienating half (if not more) the country.
duh!
That’s *exactly* what will happen. Fools taking out huge loans for college all these decades was what enabled tuition to get so high in the 1st place.
Now it’ll just get worse.
The short version of the Susan Rice BS.
1st: 🤮🤮🤮
2nd: She even has the hand maneuvers and speech cadence of “The Kenyan.”
This bitch runs the WH! She is another Obama wingman.
Whether the interaction between Davy Crockett and Horatio Bunce is factual or urban legend is of no matter. The message from Horatio to Davy is spot on correct: “it’s not yours to give”.
If it ain’t broke, a progressive will fix it until it is.
Considering how many colleges and universities are mandating Covid “vaxseem” boosters for students returning this fall, and the ensuing health problems these will cause, the poor students are going to need that 20k saved in loans to pay their medical bills.
Poor students my rear. They don’t have to take the death jab they want to because they are stupid, want social approval, want to play sports, or don’t want to switch schools.
#ChitInHisPants can’t just add $300-$600 billion in debt without congressional approval, can he? I realize these evil pos’s don’t regard the law as an obstacle, but maybe there are some patriots out there who are willing to stand up and fight this overreach….
I don’t see how this is legal.
Me either Bessie. How in the Hell is Biden able to appropriate taxpayer funds (NOT FOR UKRAINE) without going through Congress? I don’t understand how he sends smooch to Ukraine without a vote either. Trump had to beg for every cent for his programs.
almost nothing they do is legal. they don’t give a * about legal
This is just another aspect of Clow-Piven… screw things up so nothing works.
Media Research Center
@theMRC
@pdoocy: When you forgive debt, you’re not just disappearing debt, who is paying for this?
KJP refuses to give a straight answer.
(Video linked in tweet)…
I am so disgusted with this. I am sick to death of subsidizing lazy people and losers.
We the people get to pay the tab again, what a surprise………….. Marxism 101.
That’s about all they’re teaching these days IMO.
What are you going to do about it other than tweet? Just curious!
So do something about it, senator. DO SOMETHING!
Go down to The Turdle’s office and squeeze the everloving last turd out of him.
Joe trashes the economy from day one. Now, without putting it through the legislature, he.uses his emergency executive powers to use Taxpayers money to repair the damage he has done.
What’s even worse,
Some of the most insufferable libtards I know,
are crowing and sending shout outs to FJB
over this.
I have a “friend”, who makes enough money for his wife to stay home and raise the kids.
He just bought a home in AZ. And he is hoisting drinks to FJB right now,
claiming “Joe Biden just paid off my remaining student loan debt.”
Its difficult to take that without becoming upset.
Yes it is and it sets a dangerous precedent. Next will be auto loans, mortgage loans, boat loans, small business start up loans………….. slippery slope
I’d dump him from my life.
I don’t talk to him much anyways.
Thats why I say “friend”.
PDJT took a toll on our relationship,
And I’m glad he moved to AZ.
But he texted me with that message.
Youre right. I should block him completely
59% of Americans worry student loan forgiveness will make inflation worse, CNBC survey finds
https://www.cnbc.com/2022/08/22/americans-are-concerned-student-loan-forgiveness-will-worsen-inflation.html
Cost of Student Debt Cancelation Could Average $2,000 Per Taxpayer
https://www.ntu.org/foundation/detail/cost-of-student-debt-cancelation-could-average-2000-per-taxpayer
Joe Kent for WA-3
@joekent16jan19
US House candidate, WA-03
Biden using a post 9/11 emergency act to wipe out student loan debt is a complete disgrace & abuse of power.
We must abolish the federal department of education & repeal these out dated & abused post 9/11 acts of overreach.
*******
Steven Portnoy
@stevenportnoy
How’s he doing it?
Biden is employing a post-9/11 law that allows for debt cancelation “in connection with a war or other military operation or national emergency.”
Cont reading…
https://threadreaderapp.com/thread/1562485537063124993.html
another question about this corrupt regime:
background: previously the joe malarkey circus decided to relieve students who are on the hook for very dubious online “education” degree programs. The ITT “technical institute. The purpose (narrative) is that this org was fraudulent. (and also DEVRY)
You can read it here:
https://www.forbes.com/sites/edwardconroy/2022/08/17/biden-department-of-education-forgives-39-billion-in-student-loans-for-former-itt-technical-institute-students/?sh=11dfb4741973
the question: if the ITT org is fraudulent, then why isn’t the USG filing suit and shuttering the business and prosecuting for criminality? And then using that money to compensate students with that recovered money.
it’s not a small number….3.9 BILLION (capitol B).
There is so much corruption in this administration. And not just “lazy incompetent corruption”, but the real type…where they actively search for and then manufacture a crisis then produce MORE TAX SPENDING to “solve it”. To say I am suspicious is an understatement.
let this sink in…orgs like itt and devry receive federal money for their educational programs. THIS IS A FACT.
we are to believe that all these years the USG is handing out money and not checking that the learning online centers are not legit?
so when you think of it, this is fraud of tax payer money twice.
once for funding these orgs..and then canceling student loans…both using tax payer money.
God Bless America
Where is my mortgage loan payoff?
I want it paid off by those whom have voted (D) and by those elected with a (D) by their name. Also….cut me a check for having to live and put up with stupid people!
…maybe the payoff idea will whither – post election? ( again)
p.s.
remember the j b speech a year ago to obligate / mandate to get the gene therapy treatment?
A year later,
what’s the status of the coerced vax mandate ( in the name of supposed unity i.e.
via forced compliance )?
whithering idea…?
hmmm…
p.s.
the partial loan payoff is apparently leaving room to tease / entice / coerce some people in other election cycles too…
with another subsequent partial payoff?…and then another?
( at taxpayer costs )
Be careful of the fine print in the quid pro quo payoff…
Don’t take any wooden-nickels.
I.e
” Prove all things.
Hold fast to that which is good.”
Paul wrote to the Thessalonians 5:21
Joe says – Hunter is going back to school.
Need democrat young votes for midterms and beyond.
And at the same time it punishes the taxpayer.
Its a win win for the deep state really.
And he can say he kept his campaign promise. And Bernie’s!
I expect the uni-party to forgive all alimony and child support for 2024.
I got a loan to get a car that got me to work. Paid it off. I got me another loan to get a better car to get a better job and make sure I could get there. Paid that loan off too. Got training at trade school and assorted community colleges that got me another better job that would pay for a mortgage. Paid that off too. I am now retired with a mortgage that has debt less than half of the homes value because, I paid extra every month to pay it down.
So now because I have worked so hard to get where I’m at, I have to pay college loans for some sniveling 25 year old child who has a degree in equatorial ice studies and only uses that degree to put ice in drinks in a bar?
Are they seriously trying to piss off the majority of America with credit card, mortgage, and auto loan debt, or can they possibly be so stupid we can’t comprehend?
Or, do they really want to lose the house and senate to avoid being held responsible for the coming disaster? Does anybody think they can defend their record for 2 more years? I think they want republicans in control so they can lie and say the “do nothing” 2023-2024 republican congress is at fault all the while their sneaky bureaucratic minions continue to implement their radical agenda.
Think about that. Joe or Kamala will never sign any republican legislation which then sets up the new congress for failure, and the low IQ voters will buy it!
Us: “The greatest gifts you can give your children are the roots of responsibility and the wings of independence.” — Denis Waitley.
But the Libtards favorite: “Rob them blind. We hate you. Take everything the government offers you. Live off the teat of the government forever.”—B. Sanders, L. Warren, J. Biden
We, obviously, are not taking care of a great opportunity both to save $$$$ and eliminate the Uniparty. Why do we even need Congress when Joey BagofBullshit has an open checkbook ?
I hope every one of these people has to get a 1099 c. It’s income.
Wow. Imagine all the things I could have had in life if my wife and I hadn’t made personal sacrifices to pay for 7 kids’ educations.
Once again, personal responsibility is punished.
If you have a college degree, why do you need your student loan debt forgiven? You should be able to pay it off.
Many student loans are not through federal loan program. Lower income get federal loans, higher income have to get private loans.
This is about as subtle and transparent as that time Bush cut everybody an IRS refund check before the election.
With his name on it.
Stupid kids won’t care, or think through the ramifications, or consider how responsible parents who did the right thing are being screwed royally for their sacrifice.
They’ll just take the cash, thank the Commies, and tick the box on election day for the party that gave them a freebie.
That’s exactly right! Harvard, University of Texas/Texas A&M, Yale, Stanford, Princeton… Each of them is a hedge fund with a schools attached to it. Seize the endowments!
They are abusing their non-profit status!
Further … colleges should be made to RAISE their admission standards … or at least stop LOWERING their admission standards. Our public high schools are reporting RECORD LOW graduation rates and test scores have plummeted. Fact is … while the colleges have expanded their student bodies … the student quality has tanked. Colleges are nothing more than places where young people occupy time and space … and the graduation rates are horrendous.
Not to mention that colleges are leftist indoctrination sanitariums.
it is NOT insurmountable.
many many of these loans paid for luxuries and comforts….because money is fungible.
“Millions of idiots signed up for massive loans to pay for a fake and worthless degree. Nobody should be forced to bail them out.”
FIFY
It’s mind boggling to me that there are still millions of American citizens who will gladly vote for any pile of DNC crap that comes along, especially woking class American citizens. Everything the left does just causes more and more misery for the working class. It’s as if they want to start a civil war, or at least to push us right up to the edge of it.