CBO: Biden student loan forgiveness will cost $400 billion over 10 years

[Weatherman2020]

And for what? Bailing out morons for signing up for a loan to get a crappy degree that’s worthless to society.

“Phillip Swagel, the director of the CBO, estimated that the student loan plan announced by the Biden administration last month will cost about $400 billion but that the estimate was "highly uncertain."
The CBO also estimated that the administration's decision to extend the pause on loan repayment through the end of the year will cost the government $20 billion.”

Biden student loan forgiveness will cost $400 billion over 10 years, CBO estimates - Washington Examiner

Video EmbedThe Biden administration's plan to forgive a significant portion of federal student loans will cost roughly $400 billion, according to new estimates from the Congressional Budget Office.In a letter to Sen. Richard Burr (R-NC) and Rep. Virginia Foxx (R-NC), the senior Republicans

www.washingtonexaminer.com

 

[1srelluc]

Everyone knew how the revised figures would come out.....Oh well, I guess that's worth another .75 basis point increase by the Fed while the market keeps dropping....You will never convince me that this isn't the planned result the dems wanted.

 

[OhPleaseJustQuit]

Useless parasites. Time for the big can of RAID.

 

[MarathonMike]

Biden's loan forgiveness plan is classic Democrat dumbfuckery. It DOES NOT solve the student debt problem they will still be in debt. It is an unfair burden on the American taxpayer. And it DOES NOT address the continuing problem of out of control tuition rates for current and future students. Democrats are the enemy of America everything they do is wrong and hurts American taxpayers. Think about it.

 

[OhPleaseJustQuit]

Biden's loan forgiveness plan is classic Democrat dumbfuckery. It DOES NOT solve the student debt problem they will still be in debt. It is an unfair burden on the American taxpayer. And it DOES NOT address the continuing problem of out of control tuition rates for current and future students. Democrats are the enemy of America everything they do is wrong and hurts American taxpayers. Think about it.

Well said.

 

[Ralph Norton]

And for what? Bailing out morons for signing up for a loan to get a crappy degree that’s worthless to society.

“Phillip Swagel, the director of the CBO, estimated that the student loan plan announced by the Biden administration last month will cost about $400 billion but that the estimate was "highly uncertain."
The CBO also estimated that the administration's decision to extend the pause on loan repayment through the end of the year will cost the government $20 billion.”

Biden student loan forgiveness will cost $400 billion over 10 years, CBO estimates - Washington Examiner

Video EmbedThe Biden administration's plan to forgive a significant portion of federal student loans will cost roughly $400 billion, according to new estimates from the Congressional Budget Office.In a letter to Sen. Richard Burr (R-NC) and Rep. Virginia Foxx (R-NC), the senior Republicans

www.washingtonexaminer.com

Lawsuit was filed today by the Pacific Legal Foundation:

MSN

www.msn.com

There will be many more to follow.

 

[jc456]

Well said.

Stealing from the middle class again.

 

[Weatherman2020]

While Democrats raise taxes on the middle class.

 

[OhPleaseJustQuit]

Stealing from the middle class again.

Makes me glad I have no taxable income, and very sad for all of you who get the burden slapped on you.

 

[SassyIrishLass]

Individuals that never went to college paying off useless deadbeat's debts. Nothing more nothing less

 

[task0778]

"Additionally, the pause on federal student loan repayments cost $20 billion from September to December 2022, the agency said." [CBO]

So, $420 billion, WTF it's only money.

Lawsuit was filed today by the Pacific Legal Foundation:
New lawsuit attempts to block Biden's student loan forgiveness plan

I've been waiting for this. I don't think the president has the authority to do this. Any president. Student loan forgiveness is supposed to be only on an individual basis, and I think the courts will strike this decision down as unconstitutional. Only Congress can do that.

 

[Weatherman2020]

"Additionally, the pause on federal student loan repayments cost $20 billion from September to December 2022, the agency said." [CBO]

So, $420 billion, WTF it's only money.




I've been waiting for this. I don't think the president has the authority to do this. Any president. Student loan forgiveness is supposed to be only on an individual basis, and I think the courts will strike this decision down as unconstitutional. Only Congress can do that.

It’s no different than a President declaring any contract is void without Congress.

 

[busybee01]

And for what? Bailing out morons for signing up for a loan to get a crappy degree that’s worthless to society.

“Phillip Swagel, the director of the CBO, estimated that the student loan plan announced by the Biden administration last month will cost about $400 billion but that the estimate was "highly uncertain."
The CBO also estimated that the administration's decision to extend the pause on loan repayment through the end of the year will cost the government $20 billion.”

Biden student loan forgiveness will cost $400 billion over 10 years, CBO estimates - Washington Examiner

Video EmbedThe Biden administration's plan to forgive a significant portion of federal student loans will cost roughly $400 billion, according to new estimates from the Congressional Budget Office.In a letter to Sen. Richard Burr (R-NC) and Rep. Virginia Foxx (R-NC), the senior Republicans

www.washingtonexaminer.com

The fact is that the Trump tax cuts cost over a trillion a year. Yet you have no issues with that.

 

[busybee01]

Biden's loan forgiveness plan is classic Democrat dumbfuckery. It DOES NOT solve the student debt problem they will still be in debt. It is an unfair burden on the American taxpayer. And it DOES NOT address the continuing problem of out of control tuition rates for current and future students. Democrats are the enemy of America everything they do is wrong and hurts American taxpayers. Think about it.

Your taxes will not go up 1 thin dime. Quite lying.

 

[OhPleaseJustQuit]

Your taxes will not go up 1 thin dime. Quite lying.

Yes, you are.

 

[busybee01]

"Additionally, the pause on federal student loan repayments cost $20 billion from September to December 2022, the agency said." [CBO]

So, $420 billion, WTF it's only money.




I've been waiting for this. I don't think the president has the authority to do this. Any president. Student loan forgiveness is supposed to be only on an individual basis, and I think the courts will strike this decision down as unconstitutional. Only Congress can do that.

Who has standing to sue? Even Ted Cruz admits that it may not be possible.

 

[busybee01]

Lawsuit was filed today by the Pacific Legal Foundation:

MSN

www.msn.com

There will be many more to follow.

How are they injured by Biden's actions? They do not have standing.

 

[busybee01]

Stealing from the middle class again.

Republicans steal from the middle and lower classes and gives to the already rich.

 

[busybee01]

Yes, you are.

You are the lying cherry.

 

[SassyIrishLass]

Your taxes will not go up 1 thin dime. Quite lying.

Omfg.... just omfg