and your hard earned taxes are going to pay for it!

[Bay Ranger]

White House to announce student loan cancellation​

The White House is expected to announce on Wednesday a plan to cancel a chunk of student loan debt, in addition to an extension of the existing payment pause, three sources with knowledge of the situation told The Hill.


Sources said President Biden’s intended measure will include at least $10,000 in loan forgiveness for borrowers who make less than $125,000 annually, as well as another payment freeze for roughly four months.

• The $10,000 figure would be the largest forgiveness of federal student loans per individual to date.
• But it would be less than what advocates and some Democratic lawmakers have been demanding, which has ranged from $50,000 per borrower to total cancellation.
• The move comes as the Aug. 31 deadline for the White House to extend a student loan freeze rapidly approaches.

 

[IronBeard]

That outta help 'em find and retain gainful employment....

 

[fl57caveman]

That outta help 'em find and retain gainful employment....

Not likely with a degree in african women's gender studies..... or social worker

 

[Longtooth]

Interesting way to buy votes.

 

[fl57caveman]

Interesting way to buy votes.

he actually has no authority to do this, pelosi said so 1 yr ago, takes an act of congress...

you watch, good chance it will be shot down, then they can blame republicans...nothing these devils do is without a plan...

 

[BluesBrother]

People who repaid their student loans will now have to pay taxes for those that don't have to repay their loans. I hope the responsible students who dutifully repaid their loans remember this fact when they vote in November, 2022 and 2024.​

 

[fl57caveman]

Biden's Student Loan 'Forgiveness' Is A Cynical Abuse Of Power

Joe Biden's student loan 'forgiveness' is completely unconstitutional, a moral hazard, counterproductive, and fundamentally unjust.

thefederalist.com

 

[Coomer]

In the meantime, tuition rates are going to be raised another $10-20k next year.

 

[fl57caveman]

In the meantime, tuition rates are going to be raised another $10-20k next year.

Your share of that is about 2grand, thank you, please drive around and bend over for the next govt sponsored theft

 

[IronBeard]

They had no authority to allow people to live rent-free and without the threat of eviction during COVID, but they did it, and it went on almost two years. Ever wonder why rent is so high now? Uh-huh, those landlords are getting it all back, with interest.

The level in faith I have in federal government gives me cause to believe this may be completely illegal, but it will go ahead, and go on long enough that by the time it's stopped, the damage will be done.

 

[Rebel_Rider1969]

They had no authority to allow people to live rent-free and without the threat of eviction during COVID, but they did it, and it went on almost two years. Ever wonder why rent is so high now? Uh-huh, those landlords are getting it all back, with interest.

The level in faith I have in federal government gives me cause to believe this may be completely illegal, but it will go ahead, and go on long enough that by the time it's stopped, the damage will be done.

The big question is how are our reps in Washington making money off it...... and somehow I bet they are just like every shit deal they push thru.

 

[Django]

I have been working 2 jobs for the last 4 years to help pay for my sons tuition so he doesn't end up with a student loan. I also paid as I went myself, working a full time job and going to school. How the fuck do you think I feel about this latest developement? Horse shit.

 

[fl57caveman]

i think the plan is to let the courts strike it down, as spending of money has to go thru congress, then they can blame the extremist republicans

who knows

 

[Grits1/5]

It’s actually almost 2x as bad, the student loan forgiveness is $20k if you were eligible for the Pell Grant, which is most people….yup, interesting way to try to buy votes, at the extreme expense of every taxpayer….taxes will be increased, and inflation will rise with the higher federal deficit, hitting us taxpayers hard.

 

[Carl]

i think the plan is to let the courts strike it down, as spending of money has to go thru congress, then they can blame the extremist republicans

who knows

Surprised I haven't heard this from more people.This is very likely!

 

[LowRiderRed]

The big question is how are our reps in Washington making money off it...... and somehow I bet they are just like every shit deal they push thru.

Matt Gaetz is getting over $480,000 in PPP loan relief. That is what your representative is doing for you.

 

[Rebel_Rider1969]

Matt Gaetz is getting over $480,000 in PPP loan relief. That is what your representative is doing for you.

He's just doing what they ALL do, no suprise! Im Gettin paid, you dumb bitches keep working and paying taxes.

 

[Coomer]

 

[IronBeard]

The big question is how are our reps in Washington making money off it...... and somehow I bet they are just like every shit deal they push thru.

I suspect they may not be getting paid directly, but by "networking" they end up in a position, and/or with connections, of advatage that allows them to profit. I could be completely wrong, but I'll need some serious evidence/convincing. How else do you explain these people walking in the door with 5-figure incomes and leaving as multi-mulionnaires? There all wise investors? Nah, if they were, why would they be so stupid as to subject themselves to goverment service? Nope, they are willing to do/say/pay whatever for what they get in return, IMO.

 

[Rebel_Rider1969]

I suspect they may not be getting paid directly, but by "networking" they end up in a position, and/or with connections, of advatage that allows them to profit. I could be completely wrong, but I'll need some serious evidence/convincing. How else do you explain these people walking in the door with 5-figure incomes and leaving as multi-mulionnaires? There all wise investors? Nah, if they were, why would they be so stupid as to subject themselves to goverment service? Nope, they are willing to do/say/pay whatever for what they get in return, IMO.

Yep