Biden Cancels $5 Billion in Student Debt in Latest Relief Step

I will state the obvious - unless you are a brainwashed, lying liberal - the cancelling of these student debt is nothing more than the DemocRats buying votes.

Originally posted by: tom

Helping working people instead of billionaires?

 

Now for the facts from the Fed

 

Much of the debt is held by some well paid people

https://www.brookings.edu/articles/who-owes-the-most-in-student-loans-new-data-from-the-fed/


Soybean farmers are well paid too !  Especially when they get checks from the government.  I left lots of space below for you to cry about it and not be a hypocrite.

Well, comparing $5 billion to $45 billion is probably higher math for you, but I'm guessing you can eventually get there.  

Originally posted by: Dealer1

Well, comparing $5 billion to $45 billion is probably higher math for you, but I'm guessing you can eventually get there.  


 Possibly  YOU may "get there" --  The total, so far, is over 137 Billion - this is just the latest  amount - with more to come if the DemocRats have their way. Biden has sought to cancel $430 Billion  ----  Biden Has Canceled About $137 Billion of Student Loans Despite Supreme Court Ruling.--- https://www.wsj.com/us-news/education/student-loan-forgiveness-amount-biden-ab289d75


Originally posted by: David Miller

I will state the obvious - unless you are a brainwashed, lying liberal - the cancelling of these student debt is nothing more than the DemocRats buying votes.


No offense, but how is this, liberal or conservative, any different from voting for a candidate whose policy or actions or whatever benefit that voter?  Isn't that what politics is all about?   Buying votes?  Why else does a candidate spend zillions on their campaign, pay big bucks on polls and stuff to decide which way would 'buy' them the most votes? 

 

Were I a student who looked to have this debt erased, that most certainly might be the deciding factor.   I don't get how this is any different.   What's new?

 

Oh, yeah, that is a gosh darn bonanza for some.  Others will be mighty envious because they worked for years to pay off their loans, and now others are getting a free ride.

 

Candy

     Funny how the facts and the total story dispute the nonsense spewed by liberals. I don't believe that any of them can see the total picture and the ulterior motives of the corrupt DemocRats - all they seem to be able to do is bite on the latest "sound bite" given to them and then they run with it , making a fool of themselves as they allow the DemocRats to continue brainwashing them. 

I hate to have to state the obvious but If he were buying votes wouldn't he promise to forgive the debt if he were reelected rather than forgive the debt before the election?

Originally posted by: Mark

I hate to have to state the obvious but If he were buying votes wouldn't he promise to forgive the debt if he were reelected rather than forgive the debt before the election?


    That is probably next. But he won't make that "promise" because he and his handlers know there would be massive outrage from responsible tax paying citizens. What he is doing is "priming the pump" and you can bet that those who are benefiting will vote for him, as you will.

Originally posted by: O2bnVegas

No offense, but how is this, liberal or conservative, any different from voting for a candidate whose policy or actions or whatever benefit that voter?  Isn't that what politics is all about?   Buying votes?  Why else does a candidate spend zillions on their campaign, pay big bucks on polls and stuff to decide which way would 'buy' them the most votes? 

 

Were I a student who looked to have this debt erased, that most certainly might be the deciding factor.   I don't get how this is any different.   What's new?

 

Oh, yeah, that is a gosh darn bonanza for some.  Others will be mighty envious because they worked for years to pay off their loans, and now others are getting a free ride.

 

Candy


Oh, come on...nobody is getting a "free ride" here. The forgiveness is specifically going to those for whom such forgiveness was in their original student loan contracts, if certain conditions were met. Those conditions included working for five years in certain professions, being unable to completely pay off the debt after twenty years, earning income below a certain threshold, etc.

 

So it isn't a giveaway of any kind. These people no longer owe the government anything. What conservitard bleat-heads are calling a "giveaway" is simply the fulfillment of contracts that were agreed upon BY THE GEORGE W BUSH ADMINISTRATION.

 

And those who worked for years to pay off their loans shouldn't be jealous, because they earned too much money to be eligible for forgiveness and/or didn't work in one of the chosen professions. Those stipulations were clearly in the student loan contracts they signed. Being upset about that is like being envious of the guy next door who got a big insurance check because his house burned down.

Originally posted by: David Miller

    That is probably next. But he won't make that "promise" because he and his handlers know there would be massive outrage from responsible tax paying citizens. What he is doing is "priming the pump" and you can bet that those who are benefiting will vote for him, as you will.


It's not costing the US government a dime, because it's money that the student borrowers no longer owe.

 

It's called honoring a contract, something that might be an alien concept to Trumpers.

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