Posted on 03/21/2024 4:21:12 AM PDT by Oldeconomybuyer
President Joe Biden is doling out another $6 billion in student debt forgiveness.
His administration announced Thursday another 77,700 borrowers will have their remaining student debt balances forgiven under the Public Service Loan Forgiveness program.
Borrowers who have been making loan payments and working in public service for at least 10 years will begin receiving emails next week congratulating them on having their debt forgiven and thanking them for their service.
They aren’t the only borrowers who will be hearing from the president soon though.
Starting next week, 380,000 public service workers who are two years or fewer away from earning forgiveness will receive an email from President Biden thanking them for their contributions and encouraging them to keep going.
“Public service workers — from teachers to nurses, firefighters, and more — are the lifeblood of democracy and our communities,” the emails read. “If you continue your career in public service, you’re on track to get your eligible student loans forgiven in less than two years through Public Service Loan Forgiveness.”
(Excerpt) Read more at cnbc.com ...
Exactly - why arent our representatives stopping this crap.
This also will anger alot of folks…. As the other power grabs did. People on both sides have an issue with this if they are not getting a piece of it.
Some pigs are more equal than others......................
Probably so. The need all the LAWYERS they can get................
The ignorant and demented bass turd “forgave” his snowflake deadbeats’ bills with my money. Sumbiatch.
They’re doing a lot of things with our money.
Every time I go into Walmart nowadays there’s non English speaking people all over the store (more than likely illegals) but their shopping carts are full......I’m sure they’re being subsidized by our money.......and always wearing brand new cloths and sporting new high end name brand sneakers.
Free beer! Tomorrow
We are no longer a constitutional republic, but entering a dictatorship where Congress and the SCOTUS will no longer exist.
Biden and democrats truly are fascists…ignoring law, dictating businesses how to do business, forcing vaccines, , banning stoves, forcing car companies into making EVs, giving out money for votes, etc.
We’ll see the Brownshirts this summer and fall.
Just like he ignored two Supreme Court mandates ... he does it and the weak knee Republicans say nothing.
I don’t like the give-aways either. But both sides are overplaying this IMO.
There is this thing in the law and it has been there for a long time - student loan forgiveness in exchange for working in a qualifying public service job for 10 years.
AND - loan payments have to be made each month over that 10 years.
I KNOW - the loan payments requirement was suspended during a lot of Covid.
To say that Biden gets the blame and the credit is both obvious and misleading.
This law goes back many years. You people who will rant and rave about this should move along to voicing objections to some other misdeeds.
We keep getting screwed because the screwing is now built into the entire system. (Oh, would that we could be un-screw-table. IYKWIM)
President Biden pushed student debt for another 78,000 borrowers onto the tax payers.
Fact check completed
“..Where are OUR representatives?...”
LMAO...you must think you still live in the old former America: Home of the Free and the Land of the Brave.....nada, It belongs to “them” now...they have even said so. It’s been overthrown and taken over without a shot being fired. Well, one shot was fired killing an innocent female veteran protesting the overthrow...but that’s nothing to see here.
We now live in the new WEF region known as “BidenLand”: Home o the pussified woke and Land of the Illegal.
Ruled over by the demented tyrant: King pedoPIG The First, who rules by edict and decree.
All Hail The King!!! /s
Our representatives are powerless to do anything but bitch and moan.
The solution is the courts. A law suit must be filed and an injunction forbidding implementation must be granted.
And Trump gets impeached for just making a phone call, unreal.
I thought the courts had ruled this unconstitutional and told old Puddi’n Lips he could not do it.
Raise your hand if you think this will slide over into the world of minority-held mortgages. You know, reparations and all.
This is called WINNING. LOSERS complain about courts and stop their agenda when biased decisions do not go their way
And SloJo’s IRS will forget about that pesky “forgiven loans are income and must be reported as such” law.
Why was Trump not allowed to do things he had the power to do? The swamp can allow or prevent anything it desires regardless of authority.
When the swamp runs the “justice” dept, you can do whatever the hell you want.
If trump does what biden is doing, he would be taken out by the left AND all the RINO’s who can’t stand him.
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