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Home Front: Politix
Biden's student loan 'forgiveness' is just Joe sticking it to the little guy — again
2022-08-26
[NYPOST] President Joe Biden
...... 46th president of the U.S. We get to suffer the consequences. So does Afghanistan, aka Biden's Bungle......
announced that up to $20,000 will be forgiven from federal student loans.
AFP via Getty Images
Team Biden’s student-loan "forgiveness" scheme is yet another example of a misguided and dangerous policy initiative masquerading as a public good — no surprise from an administration in which political missteps are the norm.

The left is heralding the plan, which will "forgive" $10,000 for student-loan borrowers making $125,000 or less and $20,000 for Pell Grant recipients, as genuine assistance for millions of debtors. But it’s like a Band-Aid on a gunshot wound. It not only falls short of the hype but provides a false sense of financial relief, worsening an already deeply broken ­system.

Posted by:Fred

#10  Feeling good about my Price is Right bid.

Some other thoughts, but they are the ramblings of The Good Idea Fairy and will remain redacted.
Posted by: swksvolFF   2022-08-26 15:01  

#9  BREAKING: Penn-Wharton pegs Biden's Academia bailout potential cost at $1 trillion
Posted by: Frank G   2022-08-26 14:59  

#8  
Make them earn it....
How about 10% Student loan tax credit for every year, gainfully employed NOT on ANY Taxpayer or other hand out.
Posted by: NN2N1   2022-08-26 14:38  

#7  Karine Jean-Pierre explains:

CNN: “Is the White House going to release a cost estimate at some point?”

BIDEN PRESS SECRETARY KARINE JEAN-PIERRE: “Yeah we’ve talked about that. Look, this is, this is something. What the other piece of this too is we're going to see.”

So I think that's clear.
Posted by: Matt   2022-08-26 14:31  

#6  It is a policy that will alienate everyone but universities who are suffering from poor enrollment. Certainly, it will make all normal people mad. The crack heads who wasted money on worthless degrees will also be enraged that it only covers a portion of their bill. I think a year at Kent State is like $60K per year now.
Posted by: Super Hose   2022-08-26 12:29  

#5  $2 Trillion. My guess $600 Billion has it up for renewal in 4 years, natch.

And will increase the cost of college, with devaluation, inflation, increased risk of debt default.
Posted by: swksvolFF   2022-08-26 10:55  

#4  We'll, so much for Contract Law.
Posted by: Rex Mundi   2022-08-26 10:26  

#3  So how much will it cost, Joe? Biden's Education Secretary Miguel Cardona DODGES questions on how student loan relief will be paid for - despite projections saying it will be $500 billion - as White House ducks admitting true total
Posted by: Skidmark   2022-08-26 07:24  

#2  Even if he doesn't actually do it - And I think it's entirely possible he doesn't plan on actually doing it - he can claim he tried but was stopped by those evil Republicans and Trump.
Posted by: CrazyFool   2022-08-26 04:00  

#1  Joe is getting votes the old fashioned way, buying them.
Posted by: 49 Pan   2022-08-26 01:37  

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