Posted on 08/28/2022 4:11:30 PM PDT by Libloather
Former senior White House adviser Cedric Richmond on Sunday dismissed criticism that the Biden administration’s move to cancel some student loan debt is unfair, saying that “everything doesn’t benefit everybody” reiterating that the plan will help the country’s working class.
“Remember, everything doesn’t benefit everybody, but it’s about the common good, and this president is focused on working families and empowering people to reach their full potential, and I think that this does exactly what he’s trying to do,” Richmond said on “Fox News Sunday.”
The Biden administration announced last week it’s forgiving up to $10,000 in federal student loan debt for Americans earning less than $125,000 a year and up to $20,000 in federal student loan debt for Pell Grant recipients. It also extended a pandemic-era freeze on federal student loan repayment and interest accrual until Dec. 31 for what it said was the final time.
Richmond served in the Biden administration as director of the Office of Public Engagement and is now an adviser to the Democratic National Committee.
“This country is not a zero-sum game where somebody has to fail for others to succeed, and so we have historic tax credits, we have business tax credits to help those who own businesses, and not everyone in America owns a business, but we help business owners because we want to promote it,” Richmond said Sunday.
“We’re not picking winners and losers. America is a country about the common good, and what we’re doing here is making sure that we invest in all of America, and right now we are investing in working families.”
The former Louisiana congressman rejected a suggestion by anchor Jennifer Griffin that the plan is an “election gimmick” by Biden ahead of this year’s midterms.
(Excerpt) Read more at msn.com ...
Well, if “everything doesn’t benefit everybody,” the few benefit from the sweat and money of many others.
This, of course, is PURE COMMUNISM.
Since student loan debt monies went to the colleges, MAKE THE COLLEGES REPAY THE DEBT OUT OF THEIR MASSIVE ENDOWMENTS. They benefitted from it.
“The common good” —I don’t think he understands.
same as general welfare
davy crockett on charity
https://www.npri.org/davy-crockett-on-charity-and-government-redistribution/
If people don’t ‘need’ the money, we don’t ‘need’ to look the other way.
A nurse making $95000/year with an $11000 loan balance doesn’t need a $10000 federal bailout.
Vote buying is not something Republicans can let slide.
Joe wants to ‘cross the Rubicon’.
Show me the law that gives FJB the right to transfer hundreds of thousands of dollars of student debt from the students to the American taxpayers.
“Student debt forgiveness” should rightly be called “student debt transfer.”
Ping
Common good? Wait till they find out loan forgiveness becomes income which will be taxed.
Putting tens of thousands of hard-working people out of work in the energy industries is a strange view of promoting the “common good” unless you are a psychopathic marxist.
And thus their definition of the common good is anything that benefits democrats only.
Just like Deep State's CoupFlu policy, climate change policy, foreign policy, economic policy...
See where I'm going with this?
We were supposed to all be dead from four booster shots, by now.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.