Biden Expected to Announce $10k Student Loan Forgiveness

Boy did the Democrats save up a barrage of moves just perfectly timed for election season.

With interest among young voters bottoming out, Joe Biden just got them all re-engaged.

Reports surfaced on Tuesday that Biden would be announcing a $10k student loan forgiveness plan for anyone making under $125,000 per year.

I want to know where I get in line to get my $10k check from the $50k or so I paid back from my college tuition bills.

Buying Votes

Make no mistake about it, this is buying voters with our tax dollars.

The money has been sent out, but it will never come back in, and we are not stuck with this humongous tab.

We can add this to the $32 billion in student loan debt that Biden has already canceled.

White House spokesman Abdullah Hasan was giddy, stating, “The President will have more to say on this before August 31.

“As a reminder, no one with a federally-held loan has had to pay a single dime in student loans since President Biden took office, and this Administration has already canceled about $32 billion in debt for more than 1.6 million Americans — more than any Administration in history.”

I wonder if Hasan is among the many White House staffers slated to benefit from this relief.

The only solace is that due to the salary cap, the members of Congress that wanted to benefit from this will not be able to come to the party, so, sorry, AOC, you can still pay that bill.

What I am waiting for, however, is the final price tag on how much this will cost us.

I have seen it estimated in the hundreds of billions to multiple trillions.

According to Penn University Wharton School of Business, the cost ranges from $300 billion to as much as $980 billion for $50,000 in forgiveness.

Complete loan forgiveness sends this total into the stratosphere.

But, hey, that’s okay, Joe will just print more money.

Read this word… r-e-c-e-s-s-i-o-n.

That is what Joe Biden is risking simply to buy Democrats’ mid-term votes.

Remember that this time next year when your homes are being foreclosed and you cannot afford to pay your credit card bills.

We can all take solace in the fact that the millennial generation of the entitled did not have to pay back their student loans, unlike every generation before them.

UPDATE 8.24.2022 5:00 p.m. CDT: Joe Biden has announced as much as $20,000 in student loan forgiveness, dependent upon PELL Grant status. 

Source: Daily Caller

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13 Responses

    1. SEND him and his brother and his son to GITMO, they have lived high on the taxpayers of America long enough !
      ” We The People “have never been STYMIED but the dem voters are constantly being PLAYED by SHYSTER politicians in every election ever held in this country !

  1. I would care less if I read in the paper Biden had a good heart attack or stroke. Same for his corrupt cabinet and their buddies in congress. The destruction of the United States must stop. Pray hard. God works wonders.

  2. Well those whose bills didn’t get paid will be a bit ticked and won’t vote for dems and those of us that couldn’t afford to go to college won’t be voting for dems either. We got jobs because we couldn’t afford college but now we have to pay for the lazy losers who won’t pay their own bills.
    Dems aren’t using their brains on this move either! MAGA!!!!

  3. Kim says it ALL & states it very well.
    What a slap in the face to all of us who sacrificed to PAY for our college education.
    Talk about BUYING VOTES! I sure hope this latest PLOY fails miserably.

    1. He does not have the constitutional authority to do this. Though that had not stopped him before as he is systematically destroying our country for his CCP handlers.

  4. If sloppy Biden uses taxpayers money to pay lazy college tuition to those who would vote for him and to hell with the USA but recession would be a certain. Wake up young people you were thrilled to get the grant for college and are watching Biden send our country into a further downward spiral, what a corrupt president out to destroy and sellout America.

  5. They have predicted this will cost taxpayers $2,046.00 per year. Figure if you will benefit for this and you will see you will be on the losing end. Plus, you will have to claim this as income the following year. Are young people this gullible? This is teaching the wrong lessons in life. You are the only person to gain from a degree. Why should anyone else pay for it. By the time you are going to college you should be growing into adulthood. Start acting like it. Too many people have been sheltered like they are still a child. It is time to grow up.

  6. I don’t want to pay someone else’s bills for them. Especially for a bunch of losers who instead of getting a part time job to pay their tuition, books, etc,, they sat around Starbucks bsing with their other loser friends chatting about movies, social issues and other useless garbage.

  7. Well ALL I GOTTA SAY IS BIDEN HAS TO BE IMPEACHED FR USING A PEN INSTEAD OF DOING THINGS LEGALLY BY CONGRESS AND HOUSE VOTES THEN HE CAN SIGN IT. BUT RULES BY THE PEN IS NOT HOW ITS SUPPOSED TO BE DONE

  8. Well ALL I GOTTA SAY IS BIDEN HAS TO BE IMPEACHED FR USING A PEN INSTEAD OF DOING THINGS LEGALLY BY CONGRESS AND HOUSE VOTES THEN HE CAN SIGN IT. BUT RULES BY THE PEN IS NOT HOW ITS SUPPOSED TO BE DONE

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