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White House Pledges Taxpayers Will Bail Out 10 Million Students’ Loan Debts
Breitbart ^ | 04/08/2024 | WENDELL HUSEBØ

Posted on 04/08/2024 9:22:08 AM PDT by ChicagoConservative27

President Joe Biden will announce Monday that student debt held by ten million Americans will transfer to taxpayers, White House officials told reporters Monday.

The plan to convey student loan debt to taxpayers is widely seen as a political move to gain electoral traction among young voters, who largely do not approve of Biden’s leadership.

Taxpayers can expect to absorb about $5,000 for each of the ten million students, according to the plan Biden is set to tout in Wisconsin. Overall, Biden intends to cut the amount that 23 million students owe on their loans, placing the burden on taxpayers to shoulder the burden of the entire loan amount for more than four million Americans.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; Front Page News; Government; Politics/Elections
KEYWORDS: bail; bidenadm; deadbeats; fjb; illegal; loans; pandering; student; studentloans; taxpayers
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I thought the SC said screw off?? Where is Congress???
1 posted on 04/08/2024 9:22:08 AM PDT by ChicagoConservative27
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To: ChicagoConservative27

Eventually they will cancel credit card debts.


2 posted on 04/08/2024 9:23:05 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: ChicagoConservative27
I thought the SC said screw off?? Where is Congress???

It doesn't matter if Biden and his handlers are able to actually do it. What matters is that they get the word out to young adults that Biden and the Dims are the ones who care. See, it's the intent, not the results, that matter to Dims and their voters.

3 posted on 04/08/2024 9:25:06 AM PDT by Tell It Right (1st Thessalonians 5:21 -- Put everything to the test, hold fast to that which is true.)
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To: ChicagoConservative27

This coming from an alleged President who claims he can’t shut the Southern Border unless Congress gives him $$$$ and more power.


4 posted on 04/08/2024 9:26:15 AM PDT by antidemoncrat
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To: ChicagoConservative27

This is an insult to anyone who worked hard to play by the rules and paid back their student loans.


5 posted on 04/08/2024 9:28:26 AM PDT by FamiliarFace (I got my own way of livin' But everything gets done With a southern accent Where I come from. TPetty)
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To: FamiliarFace
This is an insult to anyone who worked hard to play by the rules and paid back their student loans.

Thus the major shift in support TO Trump by younger non-college or 2 year college educated people who work with their hands.

6 posted on 04/08/2024 9:30:07 AM PDT by 1Old Pro
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To: FamiliarFace

Pretty smart of them. We look like the bad guys and the rats are just trying to “help out.”

Counter that with a $100k tax-free withdrawal from existing IRA/401k’s. 2 can play this game.


7 posted on 04/08/2024 9:31:23 AM PDT by DIRTYSECRET
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To: 1Old Pro

They were already supporting Trump


8 posted on 04/08/2024 9:31:57 AM PDT by Chickensoup
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To: ChicagoConservative27

This is a lie.

But it will help them

Conservatives need to point out the lie. And pound on it.
Enlarge it.


9 posted on 04/08/2024 9:33:47 AM PDT by Chickensoup
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To: ChicagoConservative27

Joe is out there adding up taxpayers to vote against him as they don’t like assuming the debt of deadbeat college grads.


10 posted on 04/08/2024 9:36:21 AM PDT by From The Deer Stand (Mply)
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To: ChicagoConservative27

A lot of these Student Debtors are now TAXPAYERS....................


11 posted on 04/08/2024 9:36:33 AM PDT by Red Badger (Homeless veterans camp in the streets while illegals are put up in 5 Star hotels....................)
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To: ChicagoConservative27

Republican cans should put out an ad saying Biden is attempting to fool them, he knows he does not have the authority to do this but he figures he can get them to vote for him before they find out


12 posted on 04/08/2024 9:37:13 AM PDT by McGavin999 ( A sense of humor is a sign of intelligence, leftists have no sense of humor, therefore……)
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To: FamiliarFace

Screw those who went to College and paid their debts, AS THEY PROMISED TO with a Signature swearing to that. How about us guys who “made it through” High School, settled down got a job and paid their own way for 56 years? Not only do I have to tote my own load for a lifetime, these assholes in DC keep on shoving on “one more straw” onto to the backs of 10’s of millions of “Camels”. Every piece of debt assumed, drives down the worth of the dollar. It hardly can be felt by the young, fully employed youth. Wait until ya’ll get to 70+. Your money doesn’t grow, it begins to shrink. What it cost to buy? It grows and grows. Inflation is about 16% right now. I know the govt says it is low, like 6-7-8%, but they are BSing us, LARGE.


13 posted on 04/08/2024 9:37:35 AM PDT by Glad2bnuts (“And how we burned in the camps later, thinking: We should have set up ambushes...paraphrased)
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To: ChicagoConservative27
Biden will announce Monday that student debt held by ten million Americans will transfer to taxpayers,

This exactly how this news should be headlined.

14 posted on 04/08/2024 9:38:49 AM PDT by 1Old Pro
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To: ChicagoConservative27

Taxpayers have said, “You’re fired” and will reverse all the enemy has “accomplished”


15 posted on 04/08/2024 9:39:45 AM PDT by knarf (I say things that are true, I have no proof, but they're true.)
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To: dfwgator
Eventually they will cancel credit card debts.

Mortgages too. You can 'take that to the bank'.

I'm now for all this, as it takes down the dollar, and sets the stage for the ultimate debt forgiveness, "The National Debt".

16 posted on 04/08/2024 9:45:29 AM PDT by C210N (Mundus vult decipi, ergo decipiatur.)
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To: ChicagoConservative27

A huge portion of these delinquent student loans are fraud, many from the Obama era when Obama loosened student loan requirements to effectively make them back door reparations and payoffs for political supporters

These loans were taken out by “students” who had no intention of repaying them and many never spent a day in class.

The start of the Student Loan Forgiveness program was motivated by a desire to have the government pay off the loans so the fraud would not be exposed. And the fraudsters could cover their tracks to avoid damage the Democrat party politically


17 posted on 04/08/2024 9:45:35 AM PDT by rdcbn1
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To: ChicagoConservative27

And what about those of us who went to college and paid for it ourselves?


18 posted on 04/08/2024 9:50:19 AM PDT by WarANDPiece
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To: ChicagoConservative27

screw that


19 posted on 04/08/2024 9:50:22 AM PDT by sten (fighting tyranny never goes out of style)
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To: ChicagoConservative27

Why isn’t that bass turd in prison? He has stolen more money from people than his retarded kid, Hunter has.


20 posted on 04/08/2024 9:53:30 AM PDT by FlingWingFlyer (I can't wait until the "media" is printing headlines like, "Trump Reverses Biden-era Policy.")
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