Biden Under Fire From More DEMOCRATS For His Un-Constitutional $300 BILLION Socialist Liberal indoctrinaltion Camp Tuition Elimination Give-Away

[easyt65]

You know you just f*ed up BIG TIME when you are a Democrat & Nany Pelosi and other Democrats are slamming you for such a horrific move.

'Never underestimate Joe's ability to f* things up.'
- Barak Obama

More Democrats piling onto Biden over $300 billion student loan handouts: 'Not how I would have done it'

Democrat Washington Congresswoman Kim Schrier is the latest member of the party to oppose President Biden's announced student loan handout.

www.foxnews.com

 

[kyzr]

No one is taking Joe's illegal EO to the USSC to have it tossed out. WTF?

 

[Tumblin Tumbleweed]

You know you just f*ed up BIG TIME when you are a Democrat & Nany Pelosi and other Democrats are slamming you for such a horrific move.

'Never underestimate Joe's ability to f* things up.'
- Barak Obama

More Democrats piling onto Biden over $300 billion student loan handouts: 'Not how I would have done it'

Democrat Washington Congresswoman Kim Schrier is the latest member of the party to oppose President Biden's announced student loan handout.

www.foxnews.com

And there's little you magaturds can do about it. So sit in the backseat and shut yer pie holes.

 

[kyzr]

And there's little you magaturds can do about it. So sit in the backseat and shut yer pie holes.

There is a lot that can be done to negate an illegal EO. Just watch.

 

[Tumblin Tumbleweed]

There is a lot that can be done to negate an illegal EO. Just watch.

I'm watching magaturd. Negate that EO. Hop to it!

 

[initforme]

As much as I don't believe in the legislation it really is a tiny little issue. Some how some people at the rich get to fleece the nation so I'm not getting crazy about this.

 

[task0778]

Some estimate the cost to be over $500 Billion, so it ain't exactly peanuts. It isn't a couple of Trillion bucks, but in essence this is a whole lot of money that will not be paid back to the US Gov't, which means the debt will grow larger. And it is inflationary, because now people will be spending more money than they otherwise would and the production of goods and services remains unchanged.

Summary: President Biden’s new student loan forgiveness plan includes three major components. We estimate that debt cancellation alone will cost up to $519 billion, with about 75% of the benefit accruing to households making $88,000 or less. Loan forbearance will cost another $16 billion. The new income-driven repayment (IDR) program would cost another $70 billion, increasing the total plan cost to $605 billion under strict “static” assumptions. However, depending on future IDR program details to be released and potential behavioral (i.e., “non-static”) changes, total plan costs could exceed $1 trillion.

The Biden Student Loan Forgiveness Plan: Budgetary Costs and Distributional Impact — Penn Wharton Budget Model

President Biden’s new student loan forgiveness plan includes three major components. We estimate that debt cancellation alone will cost up to $519 billion, with about 75% of the benefit accruing to households making $88,000 or less. Loan forbearance will cost another $16 billion. The new income

budgetmodel.wharton.upenn.edu

 

[DGS49]

As Larry Summers has recently opined, if the President and the Democrats in Congress wanted to throw out a mountain of cash to benefit some Americans, they CERTAINLY cold have found some more worthy beneficiaries than college pukes who haven't paid their legal debts.

The whole thing is perfectly nauseating.

 

[Missouri_Mike]

Will any student pass on carrying at least 10k in federal government funds now? I may increase that to 20k for next year.

 

[Tumblin Tumbleweed]

As much as I don't believe in the legislation it really is a tiny little issue. Some how some people at the rich get to fleece the nation so I'm not getting crazy about this.

wut