Joe Biden’s effort to purchase the votes of younger People by ‘forgiving’ pupil mortgage debt – one thing the U.S. Supreme Court docket advised him he couldn’t do – is benefiting rich households, not the needy and downtrodden as Democrats would have you ever consider.
That is maddening.
750,000 of households receiving mortgage payoffs from Biden are making over $312,000. From @NellieBowles: https://t.co/lL5qKmMJU2 pic.twitter.com/WYCsdbeWvh
— Karol Markowicz (@karol) April 19, 2024
From the Free Press:
Biden continues paying off profitable younger voters: Sorry, I imply “forgiving pupil debt.” Biden this week paid off one other $7.4 billion in pupil loans, making his complete pupil mortgage cancellation one thing like $153 billion. And by cancellation, I imply tax {dollars} have been used to make the ledger go to zero.
How a lot precisely? From Penn Wharton’s evaluation: “We estimate that President Biden’s lately introduced ‘New Plans’ to offer reduction to pupil debtors will value $84 billion, along with the $475 billion that we beforehand estimated for President Biden’s SAVE plan.” However that goes to essentially needy individuals, proper? Effectively, really, no less than 750,000 of these households are “making over $312,000 in common family revenue.”
In the meantime, to anybody who questions this allocation of assets, the White Home reply is to disgrace them from official White Home accounts by itemizing how a lot in pandemic loans have been forgiven for Home Republicans who personal particular person small enterprise, which is bizarre as a result of the rationale companies wanted pandemic reduction was as a result of the White Home banned them from working. It’s a lure! And the one reply is to repay each Media Research PhD pupil’s mortgage. Faculties, for his or her half, at the moment are charging as much as $100,000 a yr. Sure, actually. And since that’s finally going to be paid for by the taxpayers, why work to make it inexpensive? Why lower corners when that you must rework the cafeteria?
That is such blatant corruption.
Joe Biden is robbing from plumbers, electricians, and hundreds of thousands of arduous working People to repay the mountains of debt from people who make over $300,000 a yr.
This wealth switch is freeway theft at its most interesting. https://t.co/aCX3YN6nIo
— Steve Visitor (@SteveGuest) April 19, 2024
Would Democrats impeach a Republican who ignored the SCOTUS and reached into the treasury to purchase off his well-off supporters? You guess they’d. https://t.co/4Rep3NPiQq
— J (@ARaised_Eyebrow) April 20, 2024
750,000 of the households which are getting their pupil loans “forgiven” make over $312,000 per yr.
Universities have zero incentive to chop prices. The federal govt will mortgage limitless $$$ to anybody with a pulse and forgive all of it finally.
Bidenomics … https://t.co/VYj7C5E4RF
— Wall Road Silver (@WallStreetSilv) April 20, 2024
Biden is stealing from many People who didn’t go to varsity in an effort to repay individuals who did. It’s simply gorgeous that that is being allowed to occur, proper out within the open.
