???

They are buying Democrat votes using further debt enslavement on us.

The White House imbecile is yet again canceling student loan debt, for political reasons. The idiot believes the parasites will now be voting democrat. The problem is, the parasites believe they are entitled to loan canceling and quid pro quo for voting doesn’t apply.

A true opposition party would support student loan forgiveness but make sure the $$ came from the universities who scammed students and taxpayers. Of course the GOP snakes will do no such thing.

There are a lot of Union employees who vote Dem who paid their own loans.
They be pissed.

I am reposting a previous comment and I am going to expand on it…..

When these people went to college they were purchasing a service/product just like anything else anyone buys. They got their degree and got whatever benefit came with it. If what they chose to spend money on was not what they expected, then it is not mine nor anyone else’s responsibility to reimburse them.

If you decided to go and purchase a car, you get a pre-approved loan from your bank. You go to the car dealers and find the car you want. The bank looks it over and cuts a certified check to the dealer which pays for the car. You now have a loan through the bank for that amount and a new car.

If after 6 months the car turns out to be a lemon, how do you get your money back? You don’t go to the bank and demand they cancel your loan. You don’t demand your neighbors pay for it. You take it up with the dealership! If these people feel they got taken advantage of by the universities then take them to court and suck the money out of them!

And what business people are going to hire or have respect for employees who took out a loan and then accepted a bailout when others paid?

This is sooooooooooooooooooooooooooooooooo despicable, transparent, disgusting…….I have NO MORE WORDS!!!!!!

Nothing is being “forgiven” … it is just being “transferred” … We, The Taxpayers now have millions of children in college … and we’re paying for their Leftist Indoctrination there. We’re PAYING to educate the populace to HATE us.

My question is….will they continue to give new loans in the future? Does the first $10k just become a gift?

Even the worst RINOs wouldn’t have done this. Please vote all-GOP in November, people. Yes RINOs suck but Dems are so much worse.

Federal subsidies caused this problem to begin with, just a massive continuation of the same ol’ problem.

I don’t think this is going to divide people if that’s what the Democrats are hoping. This is going to make people very, VERY, angry. This is a nightmare of a policy that opens the door to canceling mortgages, canceling car payments, hell he could cancel credit card debit *snap*.

This is going to lead to massive lawsuits by people who paid for their college loans or who paid cash for their college. The regime knows it’ll lose badly in court over this one, so it is just an election year ploy. But I do not think it will earn them the votes they think it’ll earn them because vastly more people are getting screwed entirely (those who paid their debts off) and even more people are being told “***k you, you’re paying for this through massive inflation and taxes”.

It’s a nuclear bomb he just dropped on the country.

Late to the party, so, has this been covered? Wait til they find out those 87,000 IRS agents are coming for the taxes they’ll owe on forgiven debt.

So glad I joined the military, partially for the GI Bill because I knew my parents couldn’t afford college.

Happy to get deployed to far off sh!tholes, eventually learn a trade, work for over 30 years while paying my own kids tuition, only to see my taxes used to pay for some Marxist Gender Studies degree.

I can’t imagine what a Gold Star parent would think if their son or daughter never even got to use their GI Bill.

If colleges want to push this crap that cannot be used to get a job in the real world, then their endowments should be seized until they wise up and stop this nonsense.

Tell me again why the racket of government funding colleges is a good idea?

Tell me the last Republican that voted to end it?

Call me when you guys are done pretending this will change.

Great. Buying more votes. More “free” money.

I paid off all my student loans, I’m not keen on my tax dollars paying off others who are too lazy and irresponsible.

Everything is a free ride, no one is responsible for anything anymore.

What a turncoat traitor in every sense. He’s quick to give money away but never his own. Just like a cheap tin suit.

People still don’t seem to understand.

This is not a handout to the people who borrowed the money. It’s a handout to the people who LOANED the money.

Just like the housing “bailouts” in 2008 (or so) weren’t for the borrowers. It was for the mortgage companies.

Both “bailouts” were conceived and planned to be executed exactly the same with the taxpayers as the ultimate “co-signer”.

A simple plan, loan money to people who you know likely can’t repay it and then transfer the burden to the taxpayer.

It never had anything to do with education.

Thank God only one of my sons went to a indoctrination camp. My other son is like me, a true God fearing Conservative that loves President Trump!

Wait until people stop filling out FAFSA loan applications and start telling universities to pay for their kids’ college because there’s no reason to apply for a loan if there’s no requirement to pay for it…

They can just tell the university to go get the money from the government.

And, referenced thread mentioned in video:

https://threadreaderapp.com/thread/1562503985529233410.html

My kid starts college in 2024. I am absolutely, 100%, taking out a $10,000 student loan for her in early 2024. I already have more than $10,000 saved for her college. But, in an election year with Biden or Harris on the ballot, I’d be an idiot to spend my own money. Sorry, taxpayers.

Banana republic. Since when does the Executive have authority to shovel money out the door without approval from Congress?

What does HE care? He’s merely pissing away other people’s money.

I saw an article on lucianne.com that said most of the people working in our White House will qualify for this. I bet Miss Buckwheat will also.

I have student loan debt, and 10k of forgiveness would cancel all of it.

I went to college on the GI bill, and I used it all up by my junior year, so I had to take out student loans for my senior year.

I was wondering why the Mohela web site wasn’t working this morning…..

I agree with the sentiment that endowments should be seized to pay for all this, but I’m not going to refuse debt forgiveness on this. We are in the inflationary period of the American Empire, so I am not going to refuse a benefit. Anything I can pull out of the rotting carcass that is the US government before the crash is definitely a positive, and it will likely hasten the crash, too, which is also good. The sooner that rotting carcass finally collapses the better.

No one wants to join the woke military anyway. All services are behind on their annual quotas for FY 2022, and the shortfall is double digit percentages for the Navy and Army.

I see Brandon’s announcement makes no mention of legal authority. Saw an AP article citing the HERO Act enacted by Congress at the beginning of the “pandemic” but the demand for loan forgiveness started long before that. How can it even be justified to forgive on people making up to $125,000 when it will be financed by so many of us who never made that much money? I gave this country four years of my life to earn GI benefits for school and worked my way through college without receiving any loans. How is this not a violation of the Equal Protection clause?

WTF?!!

Most forget, but the ACA (Obamacare) relies on the interest income from these federally-funded student loans to fund the Obamacare subsidies. There’s been interest and no penalties for three years, and now no principal repayment.

Do the vastly expanded IRS bill make more sense now?

You are going to get squeezed to finance this largesse.

F disgusting!

All you folks out there who put kids through college on your own dime, or paid off your own student loans, tough luck. Not only do you not get a rebate, now you get to pay off $300 billion in other people’s loans.

Spend spend spend.

What will make this Ponzi end?

This is simply buying the votes of slackers and stoners with money we don’t have. Millions of Americans will be extorted by the 87,000 new gun-toting regime agents in order to pay for the keggers of hopheads and hippies. Five trillion worthless Biden pesos will get you ten trillion that Bernie and the Squad will make the Pants-pooping Puppet cancel all the debt.

Buying votes for the midterms
Simple
And the sheeple will fall for it

I expect the Supreme Court to say, “no no no.”

Get your kids out of school

Paul Ryan and Ditch McConnell played every silly parlor game in the RINO playbook to stop PDJT getting a few $B to secure our southern border. Just this week, Joe Biden ‘gives’ Ukraine another $3B to pay ‘government employees’ and then comically uses a 9/11 law to ‘forgive’ $300B in student loans of upper middle-class Americans. And nothing but crickets from the RINO’s.

Mike Rowe

I work hard on this page, (not as hard as I could, perhaps, but pretty hard), to avoid the politics in of the moment, and comment only on topics that impact the foundation I’m proud to run – a foundation that awards work-ethic scholarships to individuals who choose to forego an expensive, four-year education in favor of a skilled trade. When I do weigh in, I try to acknowledge both sides of the argument, and make my points with as much respect as I can muster. Today, however, I can see only one side. Today, I can find nothing to respect in the President’s decision to transfer billions of dollars in outstanding student loans onto the backs of those people my foundation tries to assist – the same people I’ve spent the last twenty years profiling on Dirty Jobs. 

With that in mind, I’m not going to write the piece I just sat down to write. Instead, I’m going to share the attached article from Charlie Cooke, who writes better than I do, and shares my disdain for what just happened. If you share our disdain, then please, share this post as well. It is without question, the biggest pre-Labor Day slap in the face I’ve ever seen.

—-

BIDEN’S STUDENT-DEBT BONFIRE IS A CLASSIST MESSAGE TO THE UNCREDENTIALED: SCREW ‘EM 
By Charlie Cooke

A few moments before I sat down to write this piece, I opened the door to six guys in blue shirts who had come to my house to replace our air-conditioning units. The Florida weather being what it is, I’ve seen some of these guys work on our air conditioners before, and they’re as skilled and knowledgeable and conscientious and hard-working as you might expect. The company they work for, which is local to North Florida, was started by a guy who chose to forgo college in favor of taking out a small-business loan to strike out on his own. Most of the technicians who work for him didn’t go to college, either. They took a different path. And, well . . . what absolute chumps the president has just made of them for that!

Squirm if you like, but that’s the truth of the matter: As of today, the six air-conditioning technicians in my house are on the hook for college loans that were signed for, spent, and enjoyed by other people. Confirming the measure today, President Biden announced that any American who has both college debt they vowed to repay and an individual yearly income under $125,000 (or a family yearly income under $250,000) will be given up to $20,000 by the Treasury — which means by you, and by me, and by everyone else who pays taxes in America.

Why? Well, that’s the question.

The answer can’t be, “because that’s what the relevant law anticipates or requires.” As of yet, Congress has provided no authorization for the executive branch to arbitrarily write off some of the money that borrowers owe to taxpayers. As of yet, Congress has passed no rules that allow down-on-their-luck presidents to throw money at people for political gain. As of yet, Congress has given no instruction that if the president’s friends might like a little more cash, he can raid the Treasury to give it to them. Certainly, Congress has set up a loan program. But the deal there is rather simple, all told: First you borrow, and then you pay back what you borrowed. There is no mention of “forgiveness” days or of “help” or of rolling Chekhovian jubilees, and by pretending otherwise, President Biden is making a mockery of his oath to uphold the Constitution.

Another answer that won’t fly is, “To lower the cost of education.” As President Biden made clear today, this is a one-time deal, a lottery, a lightning strike. People who paid off their loans last week aren’t covered. People who will take out new loans after the policy has run its course aren’t covered. The problems in the system aren’t addressed. The colleges, and their endowments, are left unmolested. American culture’s increasingly credentialist presumptions aren’t altered. Within four years, overall debt will return to its present level. With the stroke of a pen, the already-fake deficit savings within the Inflation Reduction Act will be wiped out. This isn’t a reform. It’s not even pretending to be reform. It’s a contemptuous, abusive, unbelievably expensive shot in the dark — the net effect of which will be that fewer people correctly calibrate whether college is worth it, fewer colleges change their offerings to meet market demand, and, because this sort of executive giveaway will now loom large as a possibility, fewer people feel the need to save for college.

It seems so arbitrary. Why does Biden not want to do the same thing for loans on trucks owned by plumbers? Why not for mortgages — which, given how heavily it subsidizes them, the federal government clearly thinks are worthwhile? Why not for credit cards or auto payments or mom-and-pop credit lines? The answer, I’m afraid to say, is disgustingly classist: Because Joe Biden and his party believe that college students are better than everyone else. Because Joe Biden and his party believe that college students are of a finer cut. Because Joe Biden and his party prefer college students to you, and they think that those students ought to be rewarded for that by being handed enormous gobs of your money.

Electricians, store managers, deli workers, landscapers, waitresses, mechanics, entrepreneurs? Screw ’em. Sure, college graduates make more money than non-graduates, and their unemployment rate is lower, too. But non-graduates don’t have access to the president, so they don’t matter. They’re tradesmen, the riff-raff, the great unwashed. They’re background noise, dirty-handed types, second-classers. They don’t deserve $10,000 in debt reduction. What would they even do with it? Go hunting? Give it to their church? Their role is to subsidize the superior people, and the superior people go to college.

Why did Joe Biden do all this? That’s why. Why was this what Joe Biden chose to break his oath to achieve? That’s why. When it came down to it, good ol’ Scranton Joe sent cash from the sort of people he cynically pretends to care about to the sort of people he actually cares about: the privileged, accredited, self-dealing clerisy that his ever-dwindling political party now calls its base.

Facebook blocks GOP account post opposing student loan debt cancellation

https://justthenews.com/nation/technology/facebook-blocks-gop-account-post-opposing-student-loan-debt-cancellation

https://threadreaderapp.com/thread/1562613182736191488.html

I put three children through college without student loans. Cold anger indeed. How about mortgage relief for the rest of us?

I question whether this is constitutional. This should come from congress not the executive branch.

I’m hoping this latest Biden debacle will cause more people to walk away from Dems. There are Dems who paid for their kids’ school, or paid for their own, and if any loans were used they were properly and responsibly paid off. So now they’re screwed for being responsible, they can’t claim the handout and they have to help pay for the handouts to the irresponsible people.

I’m sending my heating bill, gasoline charges, grocery charges to the White House, if anyone is there.

Biden’s student loan handout to cause spike in college tuitions, experts say

Excerpt:

Riedl was referring to the so-called “Bennett Hypothesis” that was tested in 2015 by the Federal Reserve Bank of New York, which determined that increases in subsidized loans resulted in tuition hikes of up to 60 cents on the dollar and unsubsidized loans led to tuition hikes of up to 15 cents on the dollar.
Riedl said Biden’s student loan handout will further encourage students to overborrow.
Biden’s student loan handout to cause spike in college tuitions, experts say

https://tinyurl.com/44hdnpzk

Hence the weaponized IRS is meant to deal with a mass tax revolt over just this kind of theft by the Govt.