Joe Biden Just GAVE IN… SEPTEMBER 3, 2022 Ho
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Posted On: 09/04/2022 5:50:43 PM
Joe Biden Just GAVE IN…
SEPTEMBER 3, 2022
How do you feel about Joe Biden using as much as $1 trillion in taxpayer money to buy votes from the younger demographic?
Well, that is what is happening.
Joe Biden is about to make a big announcement, and the freebie loves are going to love it.
Joe Biden will offer up $10,000 in student loan forgiveness for anyone making less than $125,000 per year.
Now, while AOC and her fellow members of Congress will not benefit from this, there is a gaggle of White House and congressional staffers that will.
There is also a generation of voters that were angry at Biden for not doing this that will now rush to the polls to vote for Democrats during mid-term elections.
And make no mistake about it, that is why it took Biden so long to put this into play.
This is a campaign tool, nothing more.
According to the Wharton School of Business at the University of Pennsylvania, who just crunched the numbers, this will cost taxpayers about $300 billion.
If the program extends to a 10-year window, it goes up to $330 billion.
This money is not helping the poor, as they say, though.
Wharton says that between “69 and 73 percent of the debt forgiven accrues to households in the top 60 percent of the income distribution.”
So, the rich get richer… and Joe takes care of his donors’ kids’ bills for them.
Even so, the White House was beside itself with joy.
“As a reminder, no one with a federally-held loan has had to pay a single dime in student loans since President Biden took office, and this Administration has already canceled about $32 billion in debt for more than 1.6 million Americans — more than any Administration in history.”
Uhm, Hasan, sticking Americans with at least $332 billion in additional debt is not exactly something to be proud of.
https://patriotunitednews.com/joe-biden-just-...Dems%20Win
SEPTEMBER 3, 2022
How do you feel about Joe Biden using as much as $1 trillion in taxpayer money to buy votes from the younger demographic?
Well, that is what is happening.
Joe Biden is about to make a big announcement, and the freebie loves are going to love it.
Joe Biden will offer up $10,000 in student loan forgiveness for anyone making less than $125,000 per year.
Now, while AOC and her fellow members of Congress will not benefit from this, there is a gaggle of White House and congressional staffers that will.
There is also a generation of voters that were angry at Biden for not doing this that will now rush to the polls to vote for Democrats during mid-term elections.
And make no mistake about it, that is why it took Biden so long to put this into play.
This is a campaign tool, nothing more.
According to the Wharton School of Business at the University of Pennsylvania, who just crunched the numbers, this will cost taxpayers about $300 billion.
If the program extends to a 10-year window, it goes up to $330 billion.
This money is not helping the poor, as they say, though.
Wharton says that between “69 and 73 percent of the debt forgiven accrues to households in the top 60 percent of the income distribution.”
So, the rich get richer… and Joe takes care of his donors’ kids’ bills for them.
Even so, the White House was beside itself with joy.
“As a reminder, no one with a federally-held loan has had to pay a single dime in student loans since President Biden took office, and this Administration has already canceled about $32 billion in debt for more than 1.6 million Americans — more than any Administration in history.”
Uhm, Hasan, sticking Americans with at least $332 billion in additional debt is not exactly something to be proud of.
https://patriotunitednews.com/joe-biden-just-...Dems%20Win
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