Biden’s student loan cancellations to cost taxpayers $559B as households earning $300K benefit the most: study

[Hollie]

Amidst pretend-president Biden's vote buying scheme of student debt transfer is the true cost of the debt burden placed on taxpayers.

A Wharton study estimates that the various vote buying schemes will eventually cost taxpayers in excess of $559 Billion dollars.

Under the Dems / Socialists, spending and debt accumulation never ends, the middle class pays for everything but at what point do the Dems / Socialists literally kill off the middle class?

MSN

President Biden’s latest student loan cancellation plans will increase the total cost to taxpayers to a whopping $559 billion and benefit households earning more than $300,000 in annual income the most, according to a new study.

 

[Marener]

President Biden’s latest student loan cancellation plans will increase the total cost to taxpayers to a whopping $559 billion and benefit households earning more than $300,000 in annual income the most, according to a new study.

96% of the package helps those under that income level.

 

[Hollie]

96% of the package helps those under that income level.

There is nothing to indicate your silly. "...because I say so" comment is true.

The fact is, Biden's vote buying scheme is a financial disaster for taxpayers.

 

[DBA]

96% of the package helps those under that income level.

How does it help those that paid off their loans? How does it help parent’s who sacrificed to pay for their child’s education? How does it help those that are working and didn’t go to college? As much as you may want college education to be “free”, it isn’t. We can’t retroactively make it “free” by selectively forgiving student loans. This is just another boneheaded, reckless, potentially illegal policy by this administration.

 

[MarcATL]

God bless Ole Sleepy Joe Biden!

 

[Marener]

There is nothing to indicate your silly. "...because I say so" comment is true.

The fact is, Biden's vote buying scheme is a financial disaster for taxpayers.

I did the math. 750,000 households getting average of $25,000.

That’s just under $19 billion out of the total $559 billion.

It’s pretty simple. Not surprised the hit piece didn’t mention it.

 

[elektra]

Cancelling student debt is another way of proving that colleges and universities are not managed correctly and need to be reformed.

Education should cost almost nothing and anybody getting good grades should be able to easily afford, the education they are qualified to attain.

 

[Mac1958]

What about the students and families that have already sacrificed to pay for their college? Are they just screwed?

Is this going to be done annually, or just for these lucky people this one time?

We remain addicted to dumb band-aids.

 

[Hollie]

How does it help those that paid off their loans? How does it help parent’s who sacrificed to pay for their child’s education? How does it help those that are working and didn’t go to college? As much as you may want college education to be “free”, it isn’t. We can’t retroactively make it “free” by selectively forgiving student loans. This is just another boneheaded, reckless, potentially illegal policy by this administration.

The biggest mistake made by the "college should be free", crowd is not understanding that nothing is free. There seems to be this notion that the government has an unlimited supply of money that magically appears out of nowhere.

 

[ColonelAngus]

And nothing changed with the system, so we will cancel debt again in a few years?

This is bullshit Dem logic.

Trump should offer to cancel all student debt PLUS a free car!

 

[elektra]

What about the students and families that have already sacrificed to pay for their college? Are they just screwed?

Is this going to be done annually, or just for these lucky people this one time?

We remain addicted to dumb band-aids.

The government owes me $4500 I paid for my computer technical school

 

[Hollie]

I did the math. 750,000 households getting average of $25,000.

That’s just under $19 billion out of the total $559 billion.

It’s pretty simple. Not surprised the hit piece didn’t mention it.

Gee. We seem to be on the horns of a dilemma. The Wharton School publishes data tells us one thing and an internet poster tells us, "nuh uh. I'm right"

 

[Marener]

Gee. We seem to be on the horns of a dilemma. The Wharton School publishes data tells us one thing and an internet poster tells us, "nuh uh. I'm right"

I used the data from the Wharton School. These are not contradictory.

 

[elektra]

Gee. We seem to be on the horns of a dilemma. The Wharton School publishes data tells us one thing and an internet poster tells us, "nuh uh. I'm right"

democrats are always right, just ask them

 

[Nostra]

God bless Ole Sleepy Joe Biden!

Pedo Joe will get bitchslapped by the courts for this illegal scheme too, Simp.

Pay your own damn bills, loser.

 

[Marener]

How does it help those that paid off their loans? How does it help parent’s who sacrificed to pay for their child’s education? How does it help those that are working and didn’t go to college? As much as you may want college education to be “free”, it isn’t. We can’t retroactively make it “free” by selectively forgiving student loans. This is just another boneheaded, reckless, potentially illegal policy by this administration.

Why does a policy have to help everyone all at once?

Its silliness.

 

[OldFlame]

96% of the package helps those under that income level.

So what? The government isn't here to 'help' you. Don't make bad decisions, and get off your ass and work. Who the fuck do you think you are to take other people's money that they worked hard for to pay off your damn debt?

 

[Mac1958]

Cancelling student debt is another way of proving that colleges and universities are not managed correctly and need to be reformed.

Education should cost almost nothing and anybody getting good grades should be able to easily afford, the education they are qualified to attain.

While the rest of the world catches up and passes us by, we still have people who are against higher education.

I guess we should train people to fix typewriters.

 

[Marener]

So what? The government isn't here to 'help' you. Don't make bad decisions, and get off your ass and work. Who the fuck do you think you are to take other people's money that they worked hard for to pay off your damn debt?

Okay dude. Thanks.

 

[Hollie]

I used the data from the Wharton School. These are not contradictory.

What data?

Is the national debt somehow smaller with your data?