Joe Biden’s attempt to buy the votes of young Americans by “forgiving” student loan debt – something the US Supreme Court told him he couldn’t do – is benefiting wealthy families, not the needy and oppressed as Democrats would have you believe.
This is infuriating.
750,000 families receiving loan repayment from Biden earn over $312,000. From @NellieBowles: https://t.co/lL5qKmMJU2 pic.twitter.com/WYCsdbeWvh
— Karol Markowicz (@karol) April 19, 2024
From the free press:
Biden continues to pay off successful young voters: sorry, I mean “forgive student debt.” Biden this week paid off another $7.4 billion in student loans, bringing his total student loan forgiveness to something like $153 billion. And by erasure I mean that taxpayer dollars were used to bring the registry to zero.
How much exactly? From Penn Wharton analysis: “We estimate that President Biden’s recently announced ‘New Plans’ to provide relief to student borrowers will cost $84 billion, on top of the $475 billion we previously estimated for President Biden’s SAVE plan.” . But this applies to truly needy people, right? Well, in reality, at least 750,000 of these families “earn over $312,000 in median household income.”
Meanwhile, to anyone who questions this allocation of resources, the White House’s response is to shame them from the official White House accounts by listing how many pandemic loans have been forgiven to House Republicans who own individual small businesses, which is strange because the The reason businesses needed relief from the pandemic was because the White House banned them from operating. It’s a trap! And the only answer is to pay off every PhD student’s loan in Media Studies. Universities, for their part, now ask for up to $100,000 a year. Yes, literally. And since all of this will ultimately be paid for by taxpayers, why work to make it less expensive? Why save money when you need to renovate the cafeteria?
This is such blatant corruption.
Joe Biden is robbing plumbers, electricians and millions of hard-working Americans to pay off the mountains of debt of people making more than $300,000 a year.
This wealth transfer is downright highway robbery. https://t.co/aCX3YN6nIo
— Steve Guest (@SteveGuest) April 19, 2024
Would Democrats impeach a Republican who ignored the SCOTUS and accessed the Treasury to bribe his wealthy supporters? You bet they would. https://t.co/4Rep3NPiQq
— J (@ARaised_Eyebrow) April 20, 2024
750,000 families who have their student loans “forgiven” earn over $312,000 per year.
Universities have no incentive to cut costs. The federal government will lend unlimited money to anyone with a pulse and will eventually forgive everything.
Bidenomics… https://t.co/VYj7C5E4RF
— Wall Street Silver (@WallStreetSilv) April 20, 2024
Biden is robbing many Americans who didn’t go to college to pay off those who did. It’s simply amazing that this could happen, out in the open.