White House announces $7.4B student debt cancellation to give 'breathing room,' takes dig at House GOP

[SassyIrishLass]

Increasing misery is the #1 goal of the MAGA movement

You don't repay loans do you? Or expect taxpayers to

The loans aren't forgiven, somebody is paying them. Guess who?

 

[Augustine_]

You don't repay loans do you? Or expect taxpayers to

The loans aren't forgiven, somebody is paying them. Guess who?

Are you stupid? The answer is in your own comment

 

[Greenbeard]

No, that would be the inner city hellholes you've created that will vote blue since they're too stupid to do otherwise.

Trump’s completely reversed his “terminate Obamacare” position this month to appeal to “inner city hellholes”?

 

[Jim H - VA USA]

Lawless and vote-buying Biden again ignores the USSC and is looking to dump debt on taxpayers.

There is real desperation to buy votes and Biden will ignore court rulings as any Dictator would do. Let's remember that no debt is canceled. It's moved to debt that is now assumed by taxpayers who never had an obligation to pay the debt of deadbeats.

White House announces $7.4B student debt cancellation to give 'breathing room,' takes dig at House GOP

The White House on Friday will announce it is canceling an additional $7.4 billion in student loan debt for 277,000 borrowers.

www.foxbusiness.com

The White House on Friday announced it's canceling an additional $7.4 billion in debt as part of the Biden administration's most recent attempt at widespread student loan forgiveness ahead of the election.

The administration announced the handouts, targeted at an estimated 277,000 borrowers across the country, with the national debt topping $34.5 trillion.

Yeah, he's not canceling any debt, he's shifting liability for the loans to people who never took the loans out.

An analysis from University of Pennsylvania, which hosts the PennBiden Center, says that Biden's unconstitutional $600 billion bailouts provide handouts to the very wealthy, including an average of $26,000 for 750,000 households making over $300k....

Analysis of President Biden’s New Plans for Student Loan Debt Relief – April 2024 — Penn Wharton Budget Model

We estimate that President Biden’s recently announced “New Plans” to provide relief to student borrowers will cost $84 billion, in addition to the $475 billion that we previously estimated for President Biden’s SAVE plan. Moreover, some debt relief in the New Plans accrues to borrowers in households

budgetmodel.wharton.upenn.edu