Posted on 08/26/2022 7:55:02 AM PDT by cotton1706
Sputterings of dissatisfaction among Democratic ranks over President Joe Biden's plan to wipe out at least $10,000 in student loans has erupted into a full-blown civil war within the party, with some claiming the move is 'out of touch' with what Americans want.
The shocking price tag of the forgiveness plan is now estimated to cost taxpayers up to $600 billion – even for those who did not take out federal student loans or have already paid it off.
Thousands of families who saved up to pay for college educations are furious that their responsible financial planning will leave them without benefiting one cent from the relief plan and potentially paying roughly $2,000 in taxes to help pay for it.
Democrats, who are fearing a Republican bloodbath in the 2022 midterms, are turning against the president as the White House scrambles to explain how they will pay for the plan.
Education Secretary Miguel Cardona ducked twice when asked by CNN's New Day how much the plan would cost and how it would be paid for.
The Committee for a Responsible Federal Budget released estimates Wednesday claiming that the forgiveness plan could cost taxpayers between $400 and $600 billion over the next decade.
(Excerpt) Read more at dailymail.co.uk ...
All those McDonald hamburger flippers should be really PO’ed that they’re having to pay for some useless lawyer’s kid to go to college.
BUT Trump shuffling a few billion to build a border fence that will save trillions of dollars in the long run was just too much money...
i did 20 hours a week oncampus as an office clerk, 20 hrs a week at drug store, lived at home and went to local STATE university (in state tuition).
When my 2 kids were born I started saving and was able to do 85% cash, 15% loans, again at STATE universities. Paid off loans. My total outlay was $100k for the 2 kids. I want Biden to give me $10k cash, now.
“When my 2 kids were born I started saving and was able to do 85% cash, 15% loans, again at STATE universities.”
That is awesome!
Especially as so many both state community colleges & universities offer on-line courses that are MUCH cheaper & easier to schedule course work around kids employment.
Remember how summer sessions were divided into 2 parts
A & B? In FL, state on-line courses are offered now in 2 parts for Spring & Fall semesters. The 12 week semester is still available.
“Come election time, he’ll be back “standing up for the little guy”.
He’ll be standing there with a $600 billion anchor around his old goat neck. This is basic stupid politics 101 and it’s not going away. He’s catering to the self-identified “progressives” (Marxists, fascists, Maoists) who make up less than 6% of the population.
Yes, that is true. However, my dream is to bankrupt the system of academia. I see that as the only way to start over and force colleges to stick to degrees that are worth what they cost.
All cover for the “college” racket.
CINO
Colleges in Name Only
Raptured!!
Last Trumpet!!
📖
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