The Biden administration forgave a further $1.2 billion in student debts for more than 150,000 borrowers on Wednesday as part of the White House's aggressive push to help Americans paying back their loans.
The move means Biden has cancelled nearly $138 billion for nearly 3.9 million borrowers since he took office, despite the Supreme Court killing his plan to wipe the debts seven months ago.
I guess the Democrats figure they can't depend on people voting multiple times, dead voters, illegal immigrants and ballot stuffing at the ballot drop boxes to get them across the finish line for the next 50 years so this bribe to the little college assholes is just extra insurance.
ReplyDeleteThe SAVE plan is an income driven repayment plan for borrowers who have been making payments for at least ten years and had originally taken out $12,000 or less for college.
ReplyDeleteUsing our tax $$$ to buy votes, is a flagrant violation of Constitutional law, at the very least. Treason at the very best.
ReplyDeleteBayouwulf
That is what got Lincoln, cursed be his name, elected. A shame Booth didn't get to him 10 years earlier.
DeleteYeah cancel the loans for the non producers yet forget about small businesses who actually contribute tangibly to the economy and are saddled with SBA debt as a result of the scamdemic.
ReplyDeleteWhere's the money coming from? Where are the Republicans?
ReplyDeletePayback will not happen with dollars.
ReplyDeleteDollars are made of debt.
Payment comes from losing the assets we control.
You will own nothing.
In the mid 70s I worked my way through college and my wife's family paid for her. My sons paid for their Trade Schools in the early 2000s. We tax payers do not need to be paying somebody loans.
ReplyDeleteThe US Debt is high and the people that took loans out for college should pay them off. Biden should not be letting in illegals that take away jobs and benefits, which cause people problems with getting work.
This money should be clawed out of the personal accounts of every politician on the record supporting these "forgiveness" policies.
ReplyDeleteBiden should pay for it out his own personal account. It isn't as though he would be aware of it.
DeleteWell played, Grumpy!
DeleteQHM
This plan has nothing to do with the case the Supreme Court. Not defending the plan, but it is using different law than the SC case. Most SC cases are fairly narrow. It is the big ones that make headlines.
ReplyDeletePeople appear to believe that all of the forgiven debt is actually happening. The question really should be how much of this is getting redirected into the pockets of those he needs to enrich? It is good enough for their purposes that the public believes the story as presented. I am doubtful of it.
ReplyDeleteWhen Biden Corp. is done, nothing will be left.
ReplyDeleteGhost of Alex Trebek, I'll take "Degenerate filth that thought they'd get paid just for supporting The System", for US$1000.
ReplyDeleteThe same people who are going to pay for the migrants, whoever they may be! $5b instead of a piddling $1.2b.
ReplyDeletehttps://www.masslive.com/politics/2024/02/crucial-lifeline-warren-markey-call-for-5b-for-states-dealing-with-crush-of-migrants.html
These are the same two fucking assholes that stand up and bellow how he all should be ''sanctuary cities" inviting the hordes from around the globe to live in our back yard, not theirs.
DeleteAll spending originates in the House of Reps. WTF happened?
ReplyDeleteI actually have no problem with people who have been permanently disabled (most psych conditions should not be included, other than major conditions such as schizophrenia or similar conditions). REAL disabilities, though, not mild impairments. I have both moderate hearing loss and rheumatoid arthritis, and I still work, at nearly 73.
ReplyDeleteI was born with one good arm and several other physical problems, and for a while could barely walk. I had six surgeries before I was 15, just to get me to the point where I could sort of function as a normal human being. My folks, thank God, refused to let me ever think of myself as disabled, and expected me to get out there and make something of myself and pull my own weight in life. And so I did. When my wife and I were married, she had about $10,000 in student debt. We both worked a job, but I took on a second job to blow away that debt, which I did in about a year and a half. So my question is… Will we be getting a reimbursement for the student debt that we paid off? I’m sick of hearing that people can’t make their student loan payments. You can if you think you can. And if you think you can’t, well, I guess you’re right, and some damn politician will come along and pay off your debts for you like you’re a helpless little baby. Makes me sick.
DeleteHere's what I said about the SCOTUS decision on July 2, 2023:
ReplyDeleteOh, don't fool yourself, us taxpayers are going to eventually be on the hook for the whole student loan debacle, including all the fuss and hearings that we'll have to endure between now and the day we write the check, here's why.
Once upon a time, .gov committed the power grab of taking over the student loan business, it should never have been allowed to happen, but that's a different debate.
Colleges and universities (predictably) clamped down on their in-house financial aid programs in favor of a tidal wave of cash from .gov. Tuitions and fees were jacked up and administrators and teaching staff salaries went through the roof because the customers (students and parents) could just get .gov to cover it almost automatically. Drunken sailors blushed.
Don't think so? In the early 90s a full ride at an ivy league school would set you back between $20k and $25k per academic year, now it's well over $100k.
Just that part alone was a total scam, that simply funneled funds from the US Treasury directly to the schools, again, totally wrong and should not happen, but it gets worse. It was the plan all along to let it all get entirely out of hand and hang most of the debt on the taxpayers. That's where we are now but get this, THE LOANS ARE STILL GETTING PUMPED OUT!!
This is a never-ending scam and they're just trying, as usual, to distract everyone from the on-going theft with the current, inane debate. We are NEVER going to hear the end of this, ever. This will become a "baseline" expense in the annual budget and it will be almost illegal to stop spending this money.
Once again, it's the responsible who pay the price for the crooks and fools that created the problem. We've seen this movie a hundred times and it always ends the same way, we get screwed by Uncle Sam a little bit more, every year, forever. Trust me, the left and the institutes of higher learning (and by higher learning I mean turbocharged indoctrination) are laughing all the way to the bank.
People may think it's simple, look, you took out a loan, pay it back. "Oh, boo hoo, I didn't get a degree that was worth a fart in a full gale so I have to work as a barista, and I can barely afford my piercings and tattoos!" So, default, declare bankruptcy, and your credit rating will suffer just like the rest of us when we fuck up our finances!
There's a way out of this for the poor souls with more debt than they can pay off with the brain full of mush that they bought with their free .gov money. Wake the fuck up, get smarter, work hard, cut back on your living expenses.
Not gonna happen because the participation trophy kids and the entire leftist cabal doesn't want to hear that shit. All the kids seem to be able to do is cry, bitch, piss and moan about how easy previous generations had it. Right, I had it easy, and I've got the scars to prove it. All the left sees is an automaton constituency that they can buy with our money.
SCOTUS can try to give everyone the impression that they're coming to the rescue but that's not the way it will play out, so just get out your checkbooks!
We're doomed.
You can't default on college loan debt, you imbecile. The rest of your wall of text is irrelevant, in light of your ignorance of that simple, crucial fact. The only kind of debt that cannot be erased through bankruptcy and default...is also the only kind of debt you're allowed (and universally encouraged) to acquire (with no hoops to jump through, or collateral required) before you're old enough to drink. (That's college loan debt, in case you didn't follow)
DeleteI'm a pipeline welder, I didn't go to a "proper" college, so no insane loans to repay, but even I am less ignorant on the subject than you. The solution to the college loan debt crisis is to make the debt absolvable through bankruptcy. Google why they won't do that. I'll wait.
Sorry, I should quote the bit I'm responding to:
Delete"... People may think it's simple, look, you took out a loan, pay it back. "Oh, boo hoo, I didn't get a degree that was worth a fart in a full gale so I have to work as a barista, and I can barely afford my piercings and tattoos!" So, default, declare bankruptcy, and your credit rating will suffer just like the rest of us when we fuck up our finances! ..."
My response:
You can't default on college loan debt, you imbecile. The (bulk of the) rest of your wall of text is irrelevant, in light of your ignorance of that simple, crucial fact. (Though the point about tuition and not freezing the loans was actually correct and useful) The only kind of debt that cannot be erased through bankruptcy and default...is also the only kind of debt you're allowed (and universally encouraged) to acquire (with no hoops to jump through, or collateral required) before you're old enough to drink. (That's college loan debt, in case you didn't follow)
I'm a pipeline welder, I didn't go to a "proper" college, so no insane loans to repay, but even I am less ignorant on the subject than you. The solution to the college loan debt crisis is to make the debt absolvable through bankruptcy. Google why they won't do that. I'll wait.
You're a blustering asshole, Anon@6:16. Nothing more, nothing less.
DeleteI feel so much better knowing that I'm paying the bills of people who make a lot more than me.
ReplyDeleteFJB - with a flaming broom handle
ReplyDeleteOnce again the left proves they don't give a rats ass about any laws, rulings or court opinions they don't like. So they simply ignore them.
ReplyDelete