Posted on 12/31/2021 9:27:34 AM PST by Oldeconomybuyer
While the Biden administration has once again extended the pause on student loan repayments, some progressives have said that unless more is done, it could cost Democrats in the midterms in 2022.
The progressive wing of the Democratic Party is sounding the alarm over potentially losing voters and subsequent races if the campaign promise of canceling student loan debt goes unfulfilled by the Biden-Harris administration.
Before the pause was extended, several prominent Democrats voiced their concerns about payments starting again and how it could cost them the midterms.
Natalia Abrams, president of the Student Debt Crisis Center, a nonprofit focused on ending the student debt crisis, told ABC News that "Democrats and lawmakers need to be careful because this is something the public has said they want."
"If you can afford to pause student loan payments over and over again, you can afford to cancel it," NAACP President Derrick Johnson tweeted after President Joe Biden announced his administration would extend the federal pause on student loan repayment for the third time in December.
(Excerpt) Read more at abcnews.go.com ...
Their free-shit army is demanding more free-shit!
No, the idiots will vote (D) regardless of how many times they’re lied to and betrayed.
Mrs rktman will welcome repayment of the payments she made to pay for her college. A check is fine. Thanks dems. Oh, it doesn’t apply to those that finished their obligations 30 years ago? Geez. That doesn’t seem “equitable”. :-}
Stupid me for paying for my degree. Really stupid us for scrimping and saving for the kids’ degrees.
This is just another example of self-induced grief and woe for the Democrats. Shooting themselves in the proverbial foot seems to be an occupational hazard.
They have screwed the pooch SO many times and ways, it is not surprising that they suddenly have toothmarks and severe wounding in their gluteus maximus muscles.
They’ll blow billions and 18-29 will still only show up at less than 10%
Even my liberal friends are starting to see the light and how much the far left is hurting their party. Good.
Translation: political left is angry about not getting their student loans forgiven and plants fake story with friendly media to prod them into action.
It’s funny how these children really believed that they would get debt forgiven. I guess they really think Trix are for rabbits. Silly rabbits.
The little Snowflake bitch generation want free college diplomas. The Worthless Generation.
In a society where everyone gets free schooling until they turn 22, and curriculum gets watered down so that any moron can pass, where are employers going to get educated, qualified, skilled employees to fill high-technical jobs?
Answer: Graduates from even higher education. Qualification for better jobs will rise to whatever level provides graduates who cared enough to provide for their own education.
Paying for babysitting 20 year-olds isn’t just a taxpayer ripoff, it is counter-productive. We would be better off burning that money.
If the snowflakes, marshmallows, cupcakes and their “Nancy” princesses wouldn’t spend all their money on every book their commie lib massahs put out, they’d have money to pay their own tuition like the rest of us.
I have parent plus loans left on my last kid out of 3 who went to college. I am holding off paying on these loans. I have a plan for using excess funds that otherwise are earmarked for student loans plus the current savings from not having to pay principal or interest.
My plan is to use these excess funds to buy I Bonds which fluctuate based on inflation. Currently they are paying 7%. So while inflation ramps up I win by taking advantage of Biden’s inflation economy. I also win by taking advantage of Biden’s socialism policies to take advantage of changes in the loan terms like forgiveness, rate reductions, payment deferrals etc.
Further, if I really want to squeeze every dime. I could consider using up to $10k of I bond proceeds as a contribution to a 529 plan which makes the interest earned tax free and be eligible for a state tax credit. Then using the 529 plan to make a $10k payment against the loans.
https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds_iratesandterms.htm
IF OBAMA had stayed out of this arena, NONE of this would be a problem.
When Feds took over student loans-—INTEREST went to 8.9%
Friend was paying less than 5%
AOC wants student loan balance of $17,000 FORGIVEN.
We know she makes $174,000 a year.
She just bought a new TESLA.
9 MINUTE VIDEO ON THE PLAN TO DESTROY AMERICA...FROM 50 YEARS AGO! WE FAILED TO LISTEN THEN. ARE WE LISTENING NOW?? WE’LL SOON KNOW!
I was honored to meet this prophet without honor among the majority of his fellow citizens!
https://www.brighteon.com/98a48360-2494-4375-9fff-3013b063c013
"AOC wants student loan balance of $17,000 FORGIVEN.
We know she makes $174,000 a year.
She just bought a new TESLA.
Celebrating the good life, courtesy of US taxpayers.
How about this:
Student loans will be “forgiven” in exchange for permanently surrendering the right to vote.
Anyone who signs a contract to re-pay a loan, and then expects someone else to pick up the bill, lacks the integrity to be involved in selecting government leadership.
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.