Posted on 04/13/2022 12:46:54 PM PDT by ChicagoConservative27
Senate Majority Leader Charles Schumer (D-N.Y.) told activists on Wednesday that President Biden and his senior advisers are warming up to the idea of forgiving student debt, insisting they are closer to pulling the trigger “than ever before.”
Schumer, who has repeatedly called for canceling up to $50,000 in student debt per borrower, predicted that’s where the president and his administration will ultimately land.
(Excerpt) Read more at thehill.com ...
They'll just be buying votes they've already got.
Closer than ever before, but not close enough to do it before November, I suspect.
US Fed.gov have been in permanent deficit mode since 1970, with a brief period of surpluses under Clinton/Gingrich.
Deficit levels went in a step-formation, from $billions, to $tens billions, then to $hundreds of billions in the last decade
Now we have entered the era of permanent, $Trillion deficits.
And for many, it's not for serious collegiate study, it's for play time. Free stuff, party hearty, giveaway degree in a non-challenging and unneeded area (do we need another gender studies grad?)
Also, what will this do to the incentive to join our Military that is the GI Bill? (This Vet made full use of the GI Bill that he earned.)
College finance directors understood this change in policy better than Congress ever did and proceeded to similar limitless increases in tuition.
Now if the debt is forgiven, the environment that created the problem will remain in place and the same problem will quickly reappear.
Can Biden do this??? I thought that was a matter that had to decided by Congress.
—”My kids did.”
Our son used his GI bill benefits and worked full summers and part-time during the rest of the year.
He and his wife paid off her loan in two years.
Our daughter paid entirely as she went.
They took no money from us, we offered, and they declined.
Will they be reimbursed for not sponging off the taxpayers?
This has nothing to do with the pandemic. Yet they did it during the pandemic. They also illegally invalidated rental contracts between renter and tenants. So it was obviously their intention all along.
They took full advantage of the pandemic to get their wishes fulfilled. First they scared us. Then they confined us to quarters. Then they gave us lies. Then they forced us to get the vax, firing us if we didn’t. They had bigger plans but couldn’t implement them: the vax “passport,” in reality a controlling mechanism that was to block entry into essential buildings and services.
To see what they wanted to do, look to the nice, wussy milquetoast country to the north. They wanted to do all that here, but couldn’t. Something to do with that pesky second amendment.
Debt forgiveness generally is treated as income. That could get interesting.
I VOTE NO
Well as long as we’re bestowing powers that we don’t have… I declare myself the emperor of the north.
Taxpayers fund the Government. The Government does not grow money on trees.
Grooming College kids for the election.
Whats to stop the govt from just printing more money and pay the debt off with our money.
Joe CAN NOT cancel student debt with an EO it has to go through Congress and the senate, Schumer is just yacking because he KNOWS young people are also turning on them!!
Biden’s poll numbers among the young, just out of college, voters must be terrible.
Reality. Some day Reality will come knocking on our door. And she will be knock the living snot out of us.
What about loans for trade school graduates? Or how about equipment loans for tradesmen without any formal education? And those trucks that haul goods across the country aren’t cheap. Why do only college students get these breaks? Hell, my house has me in debt ... how about mortgage forgiveness?
And what would be my process of sueing the government to recover the money I paid to the government paying off my own student loan completely …(as I had promised by contract)?
I agree. Schumer knows this and is just ducking the onus of not ever getting it through Congress. Lying for votes
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