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White House Plays Dumb on Estimated $500 Billion Cost of Canceling Student Debt
Breitbart ^ | 08/26/2022 | CHARLIE SPIERING

Posted on 08/26/2022 7:22:35 AM PDT by ChicagoConservative27

White House aides repeatedly refuse to address the cost of President Joe Biden’s decision on Wednesday to cancel up to $20,000 in student debt.

“I can’t give you that off the top of my head,” White House director of domestic policy Susan Rice said Wednesday during the daily briefing when asked whether the administration had estimated the cost of the president’s decision.

She repeated the cost of the program would not be fully known until the federal government knew how many people would take advantage of it.

The president spent several months stalling a decision on canceling student debt, telling reporters he was waiting for further analysis about the impacts of the decision.

But after the decision was announced, his aides pretended they had no estimate of how much it would cost the American people

(Excerpt) Read more at breitbart.com ...


TOPICS: Government; News/Current Events; Politics/Elections; Your Opinion/Questions
KEYWORDS: debt; dumb; ppp; ppploans; student; whitehouse
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Comment #21 Removed by Moderator

To: V_TWIN
The more I hear about this the more I don’t think it’s gonna fly. It goes to court and gets shot down.

Which is why they haven't set up the application process or the computer programming for this, it's a ruse simply for politics.

22 posted on 08/26/2022 7:36:26 AM PDT by 1Old Pro
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To: ClearCase_guy

This was the money that was supposed to be used for deficit savings from the Inflation Reduction Act bill. That didn’t last long.


23 posted on 08/26/2022 7:36:31 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016 democratic )
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To: AndyTheBear

Not just Biden.

The White House Press Secretary is exceptionally good at showing that she is actually dumb. Stupid in fact.


24 posted on 08/26/2022 7:37:41 AM PDT by woodbutcher1963
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To: chuckee

Lol. Most getting the debt relief never finished their degrees. That had a few years of partying and left school failing out.


25 posted on 08/26/2022 7:37:49 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016 democratic )
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To: Pollard

That’s pretty cool. The saving grace is our assets are huge. Worse comes to worse, we just start selling crap. That’s what real people do anyway with garage sales and other methods. I actually thought we were pretty bad off.


26 posted on 08/26/2022 7:43:10 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016 democratic )
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To: ChicagoConservative27

Trust me, they aren’t playing.


27 posted on 08/26/2022 7:45:08 AM PDT by perfect_rovian_storm
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To: 2banana

A lawsuit will happen. But this won’t begin until after midterms when lawsuits can begin. Democrats are evil but know how to get voters. They’ll be pissed when a judge stops this but the anger will be on the judge and not the president. Very clever.


28 posted on 08/26/2022 7:45:24 AM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016 democratic )
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To: 2banana
And who gave any president that power?

Joe Biden will tell you that congress did back in 2003 with the HEROES Act.

Of course, it was only supposed to provide relief on student loans for those who enlisted in the military after 9/11 but I guess there's some fine print in there that allows it to apply to everyone during a national emergency (Covid being today's national emergency).

I wish my recruiter told me about this act. I enlisted in 2003 and, like a chump, paid back all of my student loans.

29 posted on 08/26/2022 7:48:09 AM PDT by Drew68 (Ron DeSantis for President 2024)
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To: AndyTheBear
Playing dumb is one thing Biden excels at.

He's been exceptionally good at being stupid his entire career. Rush was absolutely right when he said that Biden was "The dumbest man in the United States Senate".

30 posted on 08/26/2022 7:48:53 AM PDT by COBOL2Java (Gun laws empower criminals. Guns empower the people.)
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To: AndyTheBear
Playing dumb is one thing Biden excels at.

Its not playing...

31 posted on 08/26/2022 7:49:50 AM PDT by Magnum44 (...against all enemies, foreign and domestic... )
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To: lurk

how so?

it is essentially free college


32 posted on 08/26/2022 7:55:41 AM PDT by joshua c (to disrupt the system, we must disrupt our lives)
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To: ChicagoConservative27

The Usurper in Chief and his administration continue to grab power by executive orders and what do we hear from Republicans? ...zzzzzzzzzzzzzzzz .. just like they did when Osama Obama said when Congress wouldn’t give into his demands ... I have a pen and a phone ...


33 posted on 08/26/2022 7:56:34 AM PDT by antidemoncrat
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To: V_TWIN

they dont care about the court decision

this was vote buying

the election will be a distant memory by the time a court rules


34 posted on 08/26/2022 7:59:21 AM PDT by joshua c (to disrupt the system, we must disrupt our lives)
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To: ChicagoConservative27

Maybe I should have told the kids to take out 10K-20K of college debt. Like a fool I paid their way outright (all at the UC schools).


35 posted on 08/26/2022 8:04:11 AM PDT by buwaya (Strategic imperatives )
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To: V_TWIN
“Didn’t p-lousey even say potatohead doesn’t have the power to do this?
What’s that about?”

That was YESTERDAY. It means nothing TODAY. Haven’t “COVID” and the media taught you anything?!

36 posted on 08/26/2022 8:07:19 AM PDT by Sicon ("All animals are equal, but some animals are more equal than others." - G. Orwell)
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To: woodbutcher1963

stupid or lying?

dont let them play stupid


37 posted on 08/26/2022 8:08:16 AM PDT by joshua c (to disrupt the system, we must disrupt our lives)
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To: ChicagoConservative27

It probably won’t cost anything. Democrats playing politics for votes. When the elections are over, and all the freeloaders have voted for democrats, the democrats won’t pay up. And as usual, it’ll end up costing the freeloaders more, which the democrats will blame on Republicans.


38 posted on 08/26/2022 8:12:05 AM PDT by robel
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To: ChicagoConservative27

I think the 10k is not the lede. The real hidden debt relief is in the following:

Cutting monthly payments in half for undergraduate loans. The Department of Education is proposing a new income-driven repayment plan that protects more low-income borrowers from making any payments and caps monthly payments for undergraduate loans at 5% of a borrower’s discretionary income—half of the rate that borrowers must pay now under most existing plans. This means that the average annual student loan payment will be lowered by more than $1,000 for both current and future borrowers.

https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/24/fact-sheet-president-biden-announces-student-loan-relief-for-borrowers-who-need-it-most/

I also think that congress did delegate a lot of authority that probably gave the executive branch the authority to make repayment changes.


39 posted on 08/26/2022 8:14:56 AM PDT by Raycpa
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To: ChicagoConservative27

This isn’t dumb. This is intentional. Period.


40 posted on 08/26/2022 8:15:00 AM PDT by RinaseaofDs
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