Posted on 01/12/2024 8:18:29 AM PST by TexasGunLover
President Joe Biden announced on Friday that federal student loans will be wiped out for borrowers who received less than $12,000 and have been in repayment for the past decade.
Starting in February federal loan borrowers 'who took out less than $12,000 in loans and have been in repayment for 10 years will get their remaining student debt cancelled immediately,' Biden said in a statement.
(Excerpt) Read more at dailymail.co.uk ...
Stroke of the pen, law of the land. Kinda cool.
Of course, that may not work if there were an opposition party.
Defying the Supreme Court. Gee, just like a dictator.
Buying votes with my money. FJB.
I guess no doesn’t mean no when you are a democrat.
3 of our 4 kids (in their 40s and 50s) had student loans Paid them off while they were married and buying houses. I’m writing Bribden to get them a rebate.
It’s not really money, either. Most of the increases in employment have been in government service jobs. So they are paying themselves, with the fiat money that we gave them, which means they think they always can just print the money.
So the retard is rewarding deadbeats who didn’t bother to pay a measly $1200 a year?
My son, who earned a real degree with a real skill paid off over $30,000 in a one year.
I imagine Pedo Joe will start “forgiving” all illegal alien deadbeat student loans next. azhoe. FJB. When my ancestors came here the government didn’t give them sh*t. This is a hell of a way to break in foreign azhoes to become U.S. Citizens. Put them on the path to free sh*t first.
If your debt is less than $12,000 and you’ve been paying for 10 years, how much principle could be left anyhow?
As a retired citizen on a fixed income, I’d sure be glad if Pedo Joe cancelled my credit card debt.
My credit spending did more for the economy than money given to a university for a degree in intersectional ceramics.
When it’s everyone else’s money, it doesn’t matter. Handouts and entitlements are just the way of the land today- see teacher salaries, social security Ponzi payments, the salary of millions of useless Government employees and the tens of millions in other welfare payments.
Courts have already ruled that this is not allowed.
How is Biden not in jail for this?
Where are the Republicans in congress? Why no pushback on this? Why no immediate appeal to the Supreme Court? Why not tell Biden that the unconstitutionally and inflationary cost of this will be immediately deducted from all government spending? Why? Because Republicans are useless phonies. I guess I just answered my own question.
The Boy will be going after illegal alien student loans next. What a guy. Going through taxpayer dollars like a drunken pirate goes through rum.
A quick perusal of Reddit shows that they have yet to find anyone who had their loans forgiven. Remember, it’s a taxable event.
Now the Student Loan Deadbeats will be able to go on their dream vacations to Europe. I feel story for the Europeans. Even the Muzzie Europeans.
Less than $12,000 over ten years? That is less than $100 a month.
I don’t want to disparage people who pay student loans…but how rough is your life that someone who went to college cannot swing $100 a month?
There was definitely an opposition party when President Trump attempted executive orders. IIRC the instant he tried to do just about anything Pelosi or Schumer and a gaggle of other Dems were being interviewed by the media wing of the party. Then a lawsuit was filed. Trump usually got what he wanted in the end, but after a lot of time and effort and stays of his actions by a court.
I don't know who I'm more disgusted with: the young with their entitlement mentality, or the previous generations who thought saving a few pennies on Chicom made paint brushes was worth sacrificing their kids' futures for.
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