Congratulations taxpayer, you’re now the owner of student loan debt you never agreed to acquire and will now be responsible for paying it off.
According to The Hill, President Joe Biden is to announce a plan to cancel a solid chunk of the nation’s student loan debt on Wednesday:
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.
The Hill notes that this likely still won’t please many Democrats regardless and that Biden will be pushed to do more in the future. Given his pattern of caving to the radical parts of the Democrat Party, the likelihood of this happening is pretty high.
The Democrats in office pushing for student loan debt forgiveness the hardest also happens to be the same Democrats who have the most student loan debt themselves. This includes New York Rep. Alexandria Ocasio-Cortez who has $50,000 worth of debt and Michigan Rep. Rashida Tlaib who owes around $100,000.
Other politicians backing student loan debt include Minnesota Rep. Ilhan Omar, California Reps. Jimmy Gomez and Nanette Barragan, Pennsylvania Rep. Brendan Boyle, Connecticut Rep. Jahana Hayes, Florida Rep. Darren Soto, and Texas Rep. Veronica Escobar, all of whom have debt of their own.
As Florida Governor Ron DeSantis noted, this debt forgiveness is likely to drive up inflation as these degrees are graduate programs for lawyers and doctors, and that it will be blue-collar working Americans that will end up footing the bill.
Maybe we should have our own”Boston Tea Party” but instead of throwing tea into the harbor we throw dead beat college grads with gender studies degrees into the water.
This just turns my stomach. I was born and raised blue collar, and was the first in my family line to go to college. It was a little state school, with none of the prestige of a Harvard or Yale, but it was in my budget. In time I earned my degree, and then set about paying on my loan obligations. My folks were working poor, and if I wanted to go to school it was all on me / including the debt I incurred. I knew what it mean when I signed on the loan application.
It took a very long to pay off my loans, which I did, by myself.
I set about my life – married and had children, and began saving for them to go to school. My youngest has a year left, and my other two are out in the world, earning their way.
Then I see this mess / I mean WHAT THE HELL?
If you do a bit of math, you will see a very large number that we will be forced to pay / I mean, pay off the debt of someone else who is either too foolish or too dumb to recognize that their college degree in basketweaving wouldn’t be a financial boon.
This is just infuriating, and (go figure) that the President’s press secretary completely ‘non answered’ Chris Doocey’s question, “Who will pay for this?”
The answer is I am. You are. We are.
November can’t come fast enough
And that’s how Democrats keep getting elected. They pander to the lazy, irresponsible, unemployed bottom feeders of society. Keep them sucking on the government teat and control them for life.
You’re right. Slaves to their Democrat masters.
This is theft.
law suit coming we shouldnt have to pay for something someone else owes. we didnt borrow the money and we arent gaining anything from the money they borrowed. LET THE DEMOCRATS IN POWER PAY THE BILL
I’m what most of the visitors to this site would call a left-wing Democrat, pro choice, supporter of LGBTQ people (although I don’t like thev”gender affirming surgeries or drug therapies for minors), and most all the rest of the things that Trump/MAGA kooks hate. But even I don’t like this loan forgiveness nonsense. Nobody put a gun to their heads and told these people they had to borrow that money. I paid off my loans. Why must I now pay off other peoples’ too? How does this make our society better?