Biden reportedly set to announce student loan forgiveness plan that would cost taxpayers billions.

What about my house and car loan?
Students who havnt contributed a dollar to society.. : dept forgiveness.
Ppl who paid their own college, and worked their whole life.: 87k armed IRS agents to squeeze you for it..

Go brandon

Yet I don't recall you being so concerned about the $2,200,000,000,000 (yep, twelve zeros; 7x as much) gone to corporations under Trump's bailout program?

How is it, if it's students/people it's bad but if it's for-profit corporations it's good? Socialism for me but not for thee?

* My bad, it was morning, 7x(!) and not 4x as much

Why is college education that expensive in the US? I mean the costs are insanely high.

Totally wrong and another way of buying votes. I feel sorry for the hard working people who battle to survive working two three jobs but never complain but let’s forgive the educated people as they are doing it hard earning 6 figure salary

Just one more way to drive the country into the red. Then George Soros can buy the country for penney's on the dollar.

Why don’t they forgive cancer patients’ bills instead? College is a choice, cancer isn’t.

Well, to be honest I'm not really in favour of these kind of handouts that negate a contract, that don't really address the high cost of tuition, and that somehow rewards people for getting in over their heads knowing they are doing something they can't afford.

But, doing nothing is not a solution either.

Do I get a refund for all the tuition I paid for my kids?

Pretty simple really, Biden’s approval rating is at an all time low and he needs to attract young voters.
The one thing that is on any college students mind, aside from getting a job is how do I pay off my $100,000 student loan?
Any contribution to paying that off would be appreciated.
The deal will win favour with students and probably loose favor with older voters.

Buying votes.

Once again I urge everybody to check out the definition of Socialism. Having high costs for education is not a Socialist policy anymore than having high healthcare costs is a Capitalist policy. It is a policy of the greedy. However if you wish to remain ignorant and uneducated carry on talking your rubbish.

Another nail in the US.coffin

well it would allow those people TRICKED into these huge loans, the chance to own a car and have your friend service it. a more wealthy nation, serves all business

It’s awful. But the left needs votes this midterm. And they’re for sale using your tax dollars to pay for them

Here's the phone call the US taxpayers just got:

Bankrupting our country , that’s why they put him in there

Thank you to all the liberals for your many comments, too humerous to mention.

college should be a free resource, everyone deserves a right to education. plenty of ways to pay for it. get those rich people to pay on their taxes & it would not be such a strain for the working class.

Not only have colleges been churning out indoctrinated leftists, they now have found a way to make us pay even more for it.

Buying votes...with most of the benefits going to the affluent that took out more college debt. The poor get screwed again.

See the top green line in the chart below? It shows where most of the Biden money will go... to the group of people who will be among the richest people who ever lived.


Thanks, Brandon.

I wonder why Marjorie Taylor-Greene thinks she is entitled to a government handout and no one else is.

Conservatives view education as a way for an individual to make more money. Liberals view education as benefitting society. So we want to invest in it.

Pulling more random numbers out of thin air. Student debt forgiveness doesn't require taxes. 🤦‍♂️

Bribery.

If that mechanic has half a brain he can figure out if Republicans had no problem whatsoever with trump cutting taxes on the rich and corporations...helping the richest of the rich billionaires in America get richer yet at the expense of the rest of us...... "The Joint Committee on Taxation (JCT) analyzed just on the tax cuts alone, independent of the FY 2018 budget, would increase the U.S. deficit by $1 trillion over the next 10 years."

But Trumpers say helping the average struggling American help on repayment of their college loans is just too much. Crazy how that works, huh?

Plus EVERY FORGIVEN STUDENT COLLEGE LOAN IS FULLY TAXABLE AS EARNED INCOME"...for all of the 99% who get a break. So.........what they get "forgiven" is being partially paid back by taxing the loan forgiveness as ordinary income. But if you listen to a radical.....the tax breaks trump handed to the ultra rich was apparently just something they must have deserved....as a totally free gift...forever.....so no complaints all. Now that IS crazy.

News Flash:

President Biden's move to cancel $10,000 in student debt for some Americans will wipe away any deficit savings from the $739 billion Manchin-Schumer climate and tax hike legislation recently passed.

Wow! That didn't last long. 😩

It’s a sham to try and get students who owe and can vote to see it as the break they’ve been seeking and in return they’ll vote for democrats in the mid term.

And the mega credit card keeps getting racked up

I'm not sure the auto mechanic will mind if it means those current and former students are now able to repair their cars at his shoppe or if they can now purchase a car that will need fixing at his shoppe.

As a matter of general policy though, I'm not sure letting people off the contractual hook is ever an entirely good idea.

I have mixed feelings about student loan forgiveness. Those who went to for-profit colleges like Phoenix, ITT tech etc I understand. But if you went to a legit university, that gave you an edge over the average joe. You’re probably enjoying the benefits now. Student loan forgiveness doesn’t make sense in that case.

The CBO analysis examined how Biden’s loan forgiveness program would reduce revenue to the government and how much that would cost the government over the lifetime of the loans, which can stretch out over 30 years. It concluded the cost would be about $400 billion. This is a complicated, long range summation end possibility, not a toss-off sound bite.

With student loan forgiveness and more equitable policies going forward, your middle class mechanic text Might see his own or his children’s furthest personal goals. That’s the point - not to punish people (taxes are the fuel of this economy) but to enrich the most and play more equitably across the board. I don’t have any children but I pay school taxes, bus taxes, Public Safety taxes I don’t need. But I don’t complain because sometimes, I may need those kids. It’s not about the pain of the city - it’s about the healing of the body.

"Fun" facts about the Biden loan bailout:

Biden wants to expedite the economic collapse of this country. He’s destroying it, but that’s the WEF plan.

Yay spend more money Biden its not like we the people aren't hurting enough from inflation.

He’s going to love it… not!
He’s paying for adults who lived on the taxpayer’s dime… and now don’t have to pay any share!

People talk about how Biden is trying to buy votes with this move. Why does that matter? Does anyone truly believe he will make it through even THIS four years without keeling over one day?

Also they talk about the deficit. What does that even matter? Not like it is ever going to get paid off anyways.

Because there's an election. Too little, way late.

I just really feel bad for those people go recently paid off their loans to see this thrown right in their faces.

Just one more proof, Biden is an incompetent moron!

Being a mechanic I doubt he does much thinking at all.

I've heard the weenie left is already complaining that their debt is more than $10K.
The rest of actual working people, left AND right are pissed over another blatant attempt to buy votes with OUR money!

How about instead of giving a bunch of 20 somethings that don't want to work free money for "school" that they will piss away anyway
How about forgiving medical debts for those buried in it