babylonbee.com
Jeff Bezos is pissed someone smaller than him got a break? I am shocked.You've probablyed up if you're a Democrat and the Washington Post's Editorial Board is after you.
Opinion | Biden's student loan forgiveness is an expensive, regressive mistake - The Washington Post
"Widely canceling student loan debt is regressive. It takes money from the broader tax base, mostly made up of workers who did not go to college, to subsidize the education debt of people with valuable degrees. Though Mr. Biden’s plan includes an income cap, the threshold does not reflect need or earnings potential, meaning white-collar professionals with high future salaries stand to benefit. Student loans, moreover, are a poor proxy for household income: An analysis by policy researcher Jason D. Delisle found that, in 2016, students from high-income and low-income families were just as likely to take on debt for their first year in an undergraduate program — and students from high-income families borrowed the largest amounts.
Mr. Biden’s plan is also expensive — and likely inflationary. The Committee for a Responsible Federal Budget estimates that extending the loan pause to the end of the year would cost $20 billion, while forgiving $10,000 for households making less than $300,000 would cost $230 billion. Together, these policies would nullify nearly a decade’s worth of deficit reduction from the Inflation Reduction Act. Moreover, it is unclear that the 1965 Higher Education Act even grants the president the legal authority to take such a sweeping step, given that it was historically understood to permit only more targeted relief."
www.bloomberg.com
$3.40 out here in the flyover states
But you going to drive 20 miles a grocery store and a hundred miles to get the pizza
I can get delivery on both if I choose
That number is actually misleadingly small, because it doesn't take into account that student loans go to housing and food too.OOPS!
Can You Use Student Loans to Go on Spring Break?
One in five spends checks for college on noneducational expenses, a study finds.
Seems to me most could have picked a different college path, one way less expensive. They would have ended up like the debt free students that now get nothing, meanwhile those living off credit get $10k.
Joe Biden is giving 10,000 dollars to households making a quarter of a million dollars a year.
Cool! When do I get my $10k?
Your PhD in TDS doesn't qualify.
You believe this crap? They forced this poor kid to borrow all that money!
babylonbee.com
Most of those citizens snuck in and are here now?
Isnt babylon bee spoof news?You believe this crap? They forced this poor kid to borrow all that money!
Man Recalls Harrowing Moment When Government Agents Forced Him To Sign $100K Loan At Gunpoint
PORTLAND, OR — President Biden has recently announced that he will be canceling $10,000 in student loan debt for all borrowers who cannot pay for loans they were forced into against their will. Local man Anthony Harb has agreed to recount his gut-wrenching and harrowing story of how he was...
