Biden Consider MASSIVE Handout For Students – Is He For Real?!
(WatchDogReport.org) – President Joe Biden is once again talking about student loan forgiveness. This time, according to White House Press Secretary Jen Psaki, the president is going back to his campaign promises of 2020 and focusing on those making less than $125,000 per year, Business Insider reports. The income threshold would double to $250,000 for couples.
It appears President Joe Biden is moving forward with student loan debt forgiveness after a week full of moves on the matter to round out April.https://t.co/PufApBHNIK
— Local23News (@kveotv23) May 4, 2022
Biden told reporters after a speech last week that he would make a decision shortly, and that he’s not considering the $50,000 in loan forgiveness asked for by the Left. His campaign pledge of $10,000 is the goal.
Insider also reports Matt Bruenig, founder of the left-leaning People’s Policy Project, says at a $125,000 cap, 95% of borrowers would qualify for forgiveness. Even if the cap stayed at that number for couples, 79% would still qualify.
On the Left, there is excitement about the prospect of loan forgiveness, a long-standing staple and favorite talking point of Democratic Socialists. One of the most popular leftists, Rep Alexandria Ocasio-Cortez (D-NY), believes only forgiving $10,000 is unfair to minorities and furthers wealth inequality.
The argument on the Right doesn’t favor forgiveness, because as Senator Susan Collins (R-ME) said, according to Insider, a lot of people worked hard to pay off their debts, and it’s not fair to them that others wouldn’t have to with the latest Democrat giveaway.
Copyright 2022, WatchDogReport.org
