Biden Cancels More than $7 Billion in Student Debt for 160,000 People
Breitbart | 05/22/2024 | Elizabeth WeibelPresident Joe Biden revealed that his administration will be canceling more than $7 billion in student debt for 160,000 people.
The White House issued a statement Wednesday [5/22/24] announcing that 160,000 people in the United States would have their student loans canceled, erasing a total of $7.7 billion in student debt for those people.
In June 2023, the Supreme Court issued a 6-3 decision to block Biden’s plan to cancel $430 billion in student loan debt for almost 40 million people.
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The Penn Wharton Budget Model last year calculated that the loan forgiveness based on the Biden administration’s income-driven repayment plan will cost US taxpayers $475 billion over 10 years.
Almost $50 billion more than what the USSC struck down.
— NY Post
Cool.
Stroke of a pen.
My home mortgage now self-identifies as a student loan. Hey Walrus, you should do likewise!
Now that the Libertarians are on board, there’s virtually nothing stopping government-mandated Nirvana…
Ha, my phone works for checking on you guys but I can’t post content.
Stepping down from your ivory tower to join us commoners in the trenches.
Why not simply forgive all deb and we can all start with a clean slate? The banks will all be broke, but they’re a despicable lot anyway, so who cares? Economic science, baby.
Only the Debs?
Yes. Nobody should forgive the Karens.
Meanwhile, I just received a nastygram from the IRS concerning my 2022 taxes. It seems doing ones taxes while drinking beer is not a good idea. I’m letting the pros handle it from now on.
Much like breaking down an AR-15 while sipping bourbon.
Almost $50 billion more than what the USSC struck down. Supreme court! I don’t need no stinkin’ supreme court! ~ Joe Biden
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