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| American workers - are YOU happy to pay $1,800 EACH to wipe the student debt of the privileged elite who'll earn $52,000 a year? Because BRAD POLUMBO reveals that's your bill for desperate Joe's naked bribe for votes |
| 2023-12-01 |
| [Daily Mail, where America gets its news] Congratulations! I erased your student loans. Now will you vote for me?' That's what President Biden should have said in an email to more than 800,000 student loan borrowers – because his latest scheme to 'forgive' some of their $1.78 trillion in outstanding debts is nothing more than a bribe. 'Your student loan has been forgiven because of actions my Administration took to make sure you receive the relief you earned and deserve,' read the White House message sent to in-boxes on Tuesday. Gee – Democrats are so generous with other people's money. What had these lucky few done to 'earn' and 'deserve' this multi-billion dollar 'relief?' Very little. In a bit of bureaucratic sleight of hand, Biden and his dutiful ministerial assistants transformed an obscure Education Department repayment program into a brand new entitlement program. The monthly payments of hundreds of thousands of borrowers will be capped at five percent of discretionary income, and if they pay these tiny installments for 10 to 20 years their entire remaining loan will be wiped away. Millions more may find they owe $0 in payments. And presto! An estimated $475 billion in unpaid federal student loans is set to vanish into thin air. What's the catch? Those billions of dollars in liabilities will simply be moved from around the necks of these educated elites to above the heads of each and every American. Liabilities of approximately $1,800 for every taxpayer. It's hardly a small amount of money when America's already running multi-trillion-dollar deficits and existing entitlement programs, like Social Security, are barrelling down the road to insolvency. This Frankenstein's monster from the bowels of the bureaucracy may amount to the single most expensive regulation is U.S. history. And the real motivation behind this bailout isn't some urgent financial crisis, as Democrats and the mainstream media would have us all believe. Yes, Americans owe nearly $1.8 trillion in student loans. But millions are also on the hook for $1.5 trillion in auto loans and $1 trillion in credit card debt – and we don't hear anyone clamoring outside the White House gates to cancel those charges. No, this is about raw, craven, cynical politics – pure and simple. Polls show that Biden is struggling with young voters, usually a sure-fire Democrat voting bloc. Without these college-educated 18 to 34 year olds, he can't win re-election. How better to win back their loyalty than with a good old-fashioned quid pro quo? Elect me and the gravy train keeps chugging along. |
| Posted by:Skidmark |
| #12 Hard to get worked up about this. We're already paying for their healthcare, housing, cell phones, food, education, internet, etc. |
| Posted by: Angstrom 2023-12-01 14:04 |
| #11 I must say, though, I feel better about paying that loan than I would if Joe had paid it. Maybe I'm a fool but I'm not a crook. |
| Posted by: Abu Uluque 2023-12-01 13:03 |
| #10 The real scam is Sallie Mae backs these loans and the government sells the debt to private companies like Navient. At thirteen percent interest, Navient is happy to collect payments that cover the interest and very little of the principle as long as the former student lives. They don't care about the principle. It's the interest. But then Joe pays off all the loans. Either way it's a big scam for Navient and you can bet your butt they make big contributions to Biden's election. The students get lousy educations and then they can't find jobs but the academics, the lenders and old Joe get rich. |
| Posted by: Abu Uluque 2023-12-01 13:00 |
| #9 I made the mistake of co-signing one of my daughter's loans and I had to pay it. So, no, I'm not happy. |
| Posted by: Abu Uluque 2023-12-01 12:51 |
| #8 America's student loan timebomb: These are the states where college graduates have the biggest debt burden |
| Posted by: Skidmark 2023-12-01 08:52 |
| #7 Make sure all the credit rating agencies and banks are informed. |
| Posted by: M. Murcek 2023-12-01 07:53 |
| #6 It's an appeal to the Karens who appear to be the ones not paying off their debt. Obviously, a key Donk demographic. That would be the same Karens who think they're going to rope themselves in some rich and stupid male to pay it off. Which explains why they like Biden. |
| Posted by: Procopius2k 2023-12-01 07:49 |
| #5 It could have been, "Get a baby, forgive a loan." |
| Posted by: Skidmark 2023-12-01 07:49 |
| #4 NO VOTE BUYING FREEBIES Make them work it off at State Approved Free Community Services clinics. 5,000 hrs over a 5 year period for a max amount allowed of $150K in a lifetime. At the least then there is some community benefits. Of Course: With an annual State and IRS Tax required filing, using Officially issued and verified hourly log documentation. Repayment rate is based on Student Loan amount ÷ 5,000 hrs = ______. Any hours not performed will require repayment at 2x the rate. |
| Posted by: NN2N1 2023-12-01 07:48 |
| #3 The ultimate WOKE gateway. 'New hires' will be whomever we say they will be regardless of qualifications, education, or credentials. |
| Posted by: Besoeker 2023-12-01 05:00 |
| #2 Real pushback: Corporate America eliminating college degree requirements for new hires |
| Posted by: Grom the Reflective 2023-12-01 04:13 |
| #1 If only they (except from small minority) actually learned something useful. |
| Posted by: Grom the Reflective 2023-12-01 02:31 |