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A big announcement from the White House, a brand new, generous $300 billion handout to Ivy League graduates, sociology majors and many other irresponsible men and women that racked up massive student loans and no longer feel like paying them back. Isn't that nice? Now Biden is calling it a loan forgiveness program.
In reality, it should be called the Biden Bribery and Vote Buying Act of 2022, all paid for by you, the hardworking American people and truck drivers and farmers and welders and small business owners and members of the military and waiters and waitresses and bartenders and taxpayers that never went to college, or maybe they already paid off their student loans.
Well, now they're going to be on the hook for the loans taken out by what, a Harvard grad who majored in what gender studies. Now, according to legend, Robin Hood took from the rich and gave to the poor. But in the Washington swamp, Joseph Robinette Biden, well, he takes from the poor and the middle class in order to bail out the elites, because they're going to be the beneficiaries here. Now, this massive $300 billion payout is either going to be paid for with your tax dollars or by simply printing more money.
Each student will have $10,000 wiped clean from their student loan if they make less than $125,000 per year. The Colleges and universities will just up their tuition by another $10,000 making it more expensive for students to attend these institutions. Does Biden realize that adding another $300,000,000. to the deficit will cause more inflation?
This is supposed to go through congress and be voted on. Biden does not have the authority to make this decision. He is throwing out the rule book and will be challenged in court. This is another political stunt to win votes from young 20-32 year old voters.
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