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American workers - are YOU happy to pay $1,800 EACH to wipe the student debt of the privileged elite who'll earn $52,000 a year? Because BRAD POLUMBO reveals that's your bill for desperate Joe's naked bribe for votes
[Daily Mail, where America gets its news] Congratulations! I erased your student loans. Now will you vote for me?'That's what President Biden should have said in an email to more than 800,000 student loan borrowers – because his latest scheme to 'forgive' some of their $1.78 trillion in outstanding debts is nothing more than a bribe. 'Your student loan has been forgiven because of actions my Administration took to make sure you receive the relief you earned and deserve,' read the White House message sent to in-boxes on Tuesday. Gee – Democrats are so generous with other people's money. What had these lucky few done to 'earn' and 'deserve' this multi-billion dollar 'relief?' Very little. In a bit of bureaucratic sleight of hand, Biden and his dutiful ministerial assistants transformed an obscure Education Department repayment program into a brand new entitlement program. The monthly payments of hundreds of thousands of borrowers will be capped at five percent of discretionary income, and if they pay these tiny installments for 10 to 20 years their entire remaining loan will be wiped away. Millions more may find they owe $0 in payments. And presto! An estimated $475 billion in unpaid federal student loans is set to vanish into thin air. What's the catch? Those billions of dollars in liabilities will simply be moved from around the necks of these educated elites to above the heads of each and every American. Liabilities of approximately $1,800 for every taxpayer. It's hardly a small amount of money when America's already running multi-trillion-dollar deficits and existing entitlement programs, like Social Security, are barrelling down the road to insolvency. This Frankenstein's monster from the bowels of the bureaucracy may amount to the single most expensive regulation is U.S. history. And the real motivation behind this bailout isn't some urgent financial crisis, as Democrats and the mainstream media would have us all believe. Yes, Americans owe nearly $1.8 trillion in student loans. But millions are also on the hook for $1.5 trillion in auto loans and $1 trillion in credit card debt – and we don't hear anyone clamoring outside the White House gates to cancel those charges. No, this is about raw, craven, cynical politics – pure and simple. Polls show that Biden is struggling with young voters, usually a sure-fire Democrat voting bloc. Without these college-educated 18 to 34 year olds, he can't win re-election. How better to win back their loyalty than with a good old-fashioned quid pro quo? Elect me and the gravy train keeps chugging along. Posted by: Skidmark 2023-12-01 |
| http://www.rantburg.com/poparticle.php?ID=684960 |