Biden student loan bailout plan to cost $475B over next decade, roughly $45B more than rejected plan: study

Breitbart ^ | 07/17/2023

[ChicagoConservative27]

President Biden’s new income-driven repayment plan for student loans will cost $475 billion over 10 years, according to the Penn Wharton Budget Model, tens of billions of dollars more than an earlier plan that the Supreme Court struck down last month.

The Penn model estimates taxpayers will face $200 billion in costs due to payment reductions in the president’s Saving on a Valuable Education (SAVE) plan, as a little more than half of the $1.64 trillion in outstanding loans will be covered.

[ChicagoConservative27]

But but Ukraine! (S)

[cableguymn]

No tax dollars to either

[Extremely Extreme Extremist]

[Republican Wildcat]

And in cumulating debt / compounded interest, much more than this. And lowering the buying power of those that were bailed out, and everyone else as well. A net negative for everyone.

[Brandonmark]

She probably had difficulty finding something.

[Nicojones]

Is anyone filing a lawsuit to stop this? What about the AGs who won the recent Supreme Court case?

[mewzilla]

Meanwhile...

Sharyl Attkisson: A student sent this to me complaining that the Dept of Education is accessing email addresses and sending unsolicited propaganda/political ads about Student Debt with no "unsubscribe" button. Is this ok?

[Reno89519]

What is the status of lawsuits by states and others against this? Doesn’t Congress have a say in such a large expenditure?

[Bernard]

Hey, it’s only money. I would like to have a time machine to see what history books a thousand years from now call this period. It seems like we building to an Old Testament conclusion with all of this spending and social upheaval.

[LegendHasIt]

Remember the old days when the Supreme Court Said he couldn’t do it?

(Yeah, I knew they would ignore the decision.)

[Seruzawa]

Ever heard of a spam folder? You need never see more than one.

[Revel]

Remember when congress controlled spending?

[metmom]

Can that make that retro active????

[frank ballenger]

To paraphrase Sen. Everett Dirksen: A few billion dollars and then a few billion more and soon we’ll be talking about some real money.

US. Senator (R) 1951-1969.

[eyeamok]

And Speaker McCarthy just sits back and watches the destruction of our Laws and Country.

Don’t kid yourself, the Speaker has an Unbelievable amount of power that he just plain REFUSES to exercise. The reporting said Biden was going to do this thru the department of education. McCarthy has absolute and unchecked authority to hold the Department Head in CONTEMPT OF CONGRESS and can JAIL him until next year without question, while he is in JAIL you Impeach him, then do that for his replacement, rinse and repeat until there is NOBODY in charge.

[cableguymn]

No. I am not that old

[Brian Griffin]

Why have two legislatures when one man can be a dictator?

And he even rants and likes German Shepherds.

[Paco]

Call it what it is - a bank bailout. They don’t give a crap about students, they do care that their friends are bailed out of bad loans with our money.

[Vaduz]

NUEJTFTU

[SunkenCiv]

• Partisan Media Shills: Supreme Court, Republicans to blame for lack of debt forgiveness, students say in poll [07/17/2023]
• Has America Surrendered to Marxism? Reconciliation Memorial Slated for Demolition After House Republicans Fail to Defend Civil War Monument in Arlington National Cemetery [07/18/2023]
• Algebra 1 effectively eliminated from Harvard-area middle schools because too many white and Asian students were taking it: Report [07/18/2023]
• Black, Hispanic New Yorkers Get $1.8B Settlement From NYC for Failing Teaching Aptitude Test [07/18/2023]
• Air Force Colonel Mark Wooten expressing his white guilt (Self hate) [07/18/2023]
• The Left Again Beclowns Itself Over White Supremacy [07/18/2023]