| Submit your comments on this article |
| -Great Cultural Revolution |
| Biden's Plan To Cancel $10,000 In Student Debt Would Not Be Enough For Black Borrowers, NAACP Chief Says |
| 2022-05-28 |
| [Daily Wire] As President Joe Biden reportedly nears a plan to cancel $10,000 in student loans per borrower, National Association for the Advancement of Colored People (NAACP) President Derrick Johnson argued Friday that the amount would not be enough — particularly for black borrowers. After months of pressure from progressive Democrats, the White House is nearing a plan to scrap $10,000 per borrower earning up to $150,000 per year, according to a report from The Washington Post. Johnson argued that such a solution would be "pouring a bucket of ice water on a forest fire." "Black Americans are the only people who have student debt higher than their median annual income," he said. "$10,000 in cancelation would not place their student debt lower than their annual income." Johnson also pointed toward wealth disparities between black and white households. |
| Posted by:Besoeker |
| #17 I wouldn't mind this - IF they took the funding out of collage and university endowments. But you know they won't. They will just print more money and payoff or it in Inflation. |
| Posted by: CrazyFool 2022-05-28 20:14 |
| #16 All the republicans would have to do then is add a line to the tax code. "Did you receive up to 10,000 to pay back student loans? If yes, put the amount on line #, add to taxes owed." Democrats LOVE taxes so won't try to block it. |
| Posted by: Silentbrick 2022-05-28 19:36 |
| #15 ^-- They won't be allowed to undo it. See Trump and the illegal Immigration mandates OBumbles decreed. |
| Posted by: CrazyFool 2022-05-28 19:13 |
| #14 Of course he doesn’t have the right to do that but once it’s done will anyone have the guts to undo it? |
| Posted by: Glenmore 2022-05-28 17:25 |
| #13 A lot of stimmie money got spent on guns. |
| Posted by: M. Murcek 2022-05-28 16:55 |
| #12 If Biden can do this then why can’t a future President authorize $10000 for every adult to purchase a weapon? |
| Posted by: Airandee 2022-05-28 15:33 |
| #11 Since the days of Bath House Barry's phone and pen, they just throw stuff at the wall and see what sticks. Why let that silly old Constitution get in the way? |
| Posted by: M. Murcek 2022-05-28 15:19 |
| #10 ^^ I had been wondering how on earth he got this power. As far as I know, the program was enacted by Congress. Don't they have to be the ones to modify it? Separation of powers? Checks and balances? Or is that all now ancient history? |
| Posted by: Tom 2022-05-28 15:17 |
| #9 Wait a minute: Pelosi: Biden Lacks Authority to Cancel Student Debt |
| Posted by: Abu Uluque 2022-05-28 12:10 |
| #8 We will own nothing and be happy as we stand in line to fill up our Jerry cans with government grade vodka. |
| Posted by: Super Hose 2022-05-28 10:18 |
| #7 May have been a racist statement but it's a true one. I know plenty of them myself. |
| Posted by: Chris 2022-05-28 10:13 |
| #6 I remember Grand Cyclops Bob Byrd getting mildly remonstrated by the press for saying there were lots of "white n-words" in his state. Of course, he actually said the n-word. |
| Posted by: M. Murcek 2022-05-28 09:45 |
| #5 There is a culture of government dependence not exclusive to any race. It seems to be growing. |
| Posted by: The Walking Unvaxed 2022-05-28 09:42 |
| #4 ...I think a lot of whites found out during the lockdown when they too got 'free stuff' for not working that its a nice gig to get. IIRC, the states that continued the 'free stuff' have problems with filling jobs in the commercial marketplace they were trying to get going again. |
| Posted by: Procopius2k 2022-05-28 09:25 |
| #3 Did Johnson also point out how many black people don't seem to want to work? Just might be the cause of the disarity in the wealth between white/black households. |
| Posted by: Chris 2022-05-28 09:01 |
| #2 Let's start an equally stupid rumor idea for votes. After winning Mid-terms, Team Biden proposes to cancel all credit card debt incurred during the Pandemic. |
| Posted by: NN2N1 2022-05-28 06:37 |
| #1 My name is Numquam Satis. |
| Posted by: Besoeker 2022-05-28 04:11 |