Penn Wharton Budget Model faculty director Kent Smetters says Biden’s student loan handouts, worth more than $300 billion in taxpayer money, will be spaced out over several years.
Critics of the announcement argued Wednesday that it would force the middle-class to foot the bill for a handout largely benefiting wealthy graduates. "A bunch of hardworking people are going to pay for something to give away money to some of the most privileged people in America, at the expense of increased inflation and a deeper recession when the government gets around to taking inflation seriously," Ted Frank, the director of litigation at the free-market public-interest law firm Hamilton Lincoln Law Institute, tweeted.Charles C.W.
"The problems in the system aren’t addressed," he wrote Wednesday. "The colleges, and their endowments, are left unmolested. American culture’s increasingly credentialist presumptions aren’t altered."
Funny how you offered zero solutions during Trumps tenure but you’re wizards today ROFLMAO
All this BS
Educate yourselves, then tell the actual truth!
Something has to be done with so called “public” universities. Some can hardly public institutions anymore… except for taking government money.
Socialism promises great things until you run out of other people's money. Ask Venezuela.
And Republicans tried to tax them out of spite despite the fact they are pre-designed to use for specific programs and colleges must honor the terms agreed to upon receiving them.
Biden should have labeled it 'discretionary spending' and called it a day. It worked for Trump👇
These people are really pushing us!
This
This is bullshit.
good
This is just so unfair.
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President Biden expected to announce forgiving student loans, extending pause on paymentsPresident Joe Biden is set to announce his long-delayed move to forgive up to $10,000 in federal student loans for many Americans and extend a pause on payments to January, according to three people familiar with the plan. L President.. That is wrong. Students who incurred student loans earn above the average median income levels. Those in part who did not go to college and earn below the average median income level will be paying off their student loans Now you understand how Socialism works up close and personal
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President Biden poised to announce some form of student loan forgiveness: SourcesJoe Biden is poised to decide whether to cancel student loan debt for a subset of Americans and continue to keep a COVID-era pause on the repayments I’m not going to paid for someone who majored in liberal arts & couldn’t job at all. This doesn't apply to me, I don't have any student loans. But he did campaign on this and it's only right that he does it. Infuriating!
Source: ABC - 🏆 471. / 51 Read more »
President Biden announces long-awaited student debt forgiveness plan - Alabama NewsBiden announced in a Wednesday tweet that borrowers who earn less than $125,000 a year, or families earning less than $250,000, would be eligible for the $10,000 loan forgiveness.
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President Biden announces student loan forgivenessPres. Biden announces plan to cancel up to $10,000 in student loan debt for Americans making less than $125,000, and up to $20,000 for Pell Grant recipients. First, the U.S. Gov should not be incentivizing college with attractive loan offers, thus artificially raising the price. Second, regulate private loans to eliminate compound interest: I hope congress can throw this out? Thats fucking ridiculous. I rather universal healthcare or something more productive then canceling student debt. They chose to go to college, sick people didn't choose to be sick. Use your fancy degree and get a job geez. Pell Grants is free money. Makes no sense.
Source: ABC - 🏆 471. / 51 Read more »