Brian Kilmead: President Biden’s student loan handout is ‘cash for the vote’

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Let’s talk about the big story of that day, which is President Biden’s desperate attempt to get votes, pardoned, $300 billion loan program, It’s a campaign plan for me to get Democrats re-elected in November, also known as the Student Loan Forgiveness Program or as the colleges call it Bribery 101.

Between naps, potty breaks, and ice cream cones with sprinkles, the president found time to announce a great deal to throw free money at thousands of young Americans. Yes. The way his son threw money at thousands of strippers and probably still does. And even in the medium term, liberal media, well, they’re eating it as they were [when] Brian Stelter [was] His last meal at the CNN cafeteria.

MSNBC: President Biden, in his own words, acknowledged that college tickets have become too expensive and pointed out that he was making an important campaign pledge.

CNN: He told a really, I thought, heartwarming story of why this is so important to him personally. His family couldn’t afford to send him to college, and he talked about how ashamed his father was.

CNN: This is another victory for the President and his supporters. And as you note, in your view, for the whole country, take off your political cap on that front, everyone wants to pay off their loans and go to college.

we’re doomed.

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the plan calls for a Lump sum maximum loan waiver $10,000 for borrowers earning less than $125,000 and up to $20,000 for Pell Grant recipients. And it will cost you, the American taxpayer, yes, everyone in this audience, $300 billion. Is there a mathematician in the White House? The plan also extends a repayment break till the end of the year. So don’t worry about not making your payment until December, but who’s really going to benefit from Biden’s plan? Upper-class Democratic voting blocks, whereas, blue-collar workers who actually have the skills get shafted.

So if you pay your bills, and live within your means and pay off your debts, you, ladies and gentlemen, are a sucker. But the President does not see any problem in this. In his elusive world, this is appropriate.

Reporter: CHAIRMAN: Is this an injustice to those who paid off their student loans or chose not to take loans?

President Biden: Is it fair for people who don’t really own multi-billion dollar businesses to have one of these guys get all the tax benefits, is that fair? what do you think

Does this mean anything to anyone in this room? The President is getting a little bit excited from there. He is always angry. I’m not sure why.

Student loan deal could cost $900B and favor top earners, analysis shows

US President Joe Biden announces student debt relief with Education Secretary Miguel Cardona (R) in the Roosevelt Room of the White House on August 24, 2022 in Washington DC.
(Olivier Doliari/AFP via Getty Images)

By the way, the CATO Institute, my favorite institution, states this. There are many reasons to say that canceling federal student loans is a bad idea.

Firstly, it helps the winners who decided to go to overly expensive colleges and get a degree. And the more degrees they earned, the more money they’ll earn and want to pay off their debt, wouldn’t you think so? It’s not like those doctors will give you a discount when your colonoscopy pays for their Mercedes? Follow that for a second, no coupons available.

It is also regressive because more aid will go to the highest earners than to the lowest. Again giving money back to those who need it least. How does that make sense? Not to mention the huge cost to the taxpayers and that is more carefree than paul pelosi Entering the Indy 500. Thanks, Jesse Waters. Now, if President Biden later decides to repeal the 50-grand per borrower, that would cost taxpayers $1 trillion. And waiving the full amount, $1.6 trillion.

In addition, student loan handouts would encourage more inflation, as neither university nor future students would have the confidence that future loans would be repaid, like today’s freshmen. And CATO also calls the Biden decision legitimacy, noting that the Constitution gives Congress, not the president, the power to purge. Which is especially appalling because the president doesn’t have power over his bladder, for the most part, as always, right-wing extremists are keeping the president down. Queue it.

Nancy Pelosi: People think that the President of the United States has the power of debt forgiveness, he does not. He can postpone. He can delay. But he doesn’t have that power… the president can’t do that. So this is not even a discussion.

Yes. When you lose Nancy Pelosi, you lose everyone. And let’s talk about the real problem here, the cost of college. They have increased the rate of inflation many times over the last century. And this the cost just keeps going up, It’s not that graduates are getting smarter. If they were, they wouldn’t complain about pronouns. Am I right? They will probably complain about the interest rates in our country?

I mean, take a look at this chart of private school costs over the years. Too many numbers, too many times, all going in the wrong direction and public schools aren’t better, cost an arm and a leg too. You can’t argue with the chart. They have been put together by mathematicians, statisticians and estheticians. Oh wait, I got confused, I’m referring to the nice people who put together Nancy Pelosi’s face every day.

NC Man Pays Off $28K In Full Student Loan – ‘Not How Happy’

The issue is this. College costs a lot of money. And they have endowments in the hundreds of billions of dollars, but not when you’re inflating the cost of a college knowing it outweighs the taxpayer. So Biden has delivered on his promise to partially erase student loan debt, but not everyone is happy. And he knew it was only a matter of time before it turned into a race issue.

President Biden greets people as he returns to the White House in Washington, Wednesday, Aug. 24, 2022.

President Biden greets people as he returns to the White House in Washington, Wednesday, Aug. 24, 2022.
(AP Photo/Susan Walsh)

Wake educator Nina Turner tweeted this saying, “Canceling $10,000 in student loans when the average white borrower is $12,000 in debt while white, sorry, black women have more than $52,000 in debt is not unacceptable, It is,” Drum Roll, Please, “Structural Racism.” I remember when Biden and the Democrats passed the Inflation Reduction Act, or, as they call it privately, the Take the Money and Run Act. The bottom line is that The Wall Street Journal nailed it when they said it would “benefit responsible spending … it’s vote-buying in its crudest form.” That’s a lot, cash for the vote, which is a little less annoying than in Cars 4 Kids.

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sorry for that. This is going to be on your mind for the rest of the day. But it also seems immoral to me, although it is, what do you expect from the President of the United States.

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Remember, you are short of cash, you can always join the board of directors of Chinese gas company. Just tell them that the big man sent you.