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| The Big Payoff: Canceling student loan debt is now a top Democrat priority |
| 2020-11-17 |
| [American Thinker] Today, Democrats stepped up their effort to convince Americans that they have a moral obligation to pay off the loans for college grads who incurred massive student loan debts for useless majors that left them unemployed or underemployed. This is one more reason why Trump voters cannot give up on giving Trump all the support they can in his fight to expose the massive election fraud that stole his victory two weeks ago. The new plan is for Joe Biden, via executive order, to immediately cancel up to $50,000 per person in outstanding student loan debt. Forcing responsible Americans to pay off the crippling debts that college students freely incurred in the pursuit of useless degrees is not a new idea. When Elizabeth Warren was still a primary contender, she blatantly sneered at a man who was outraged that, despite his having worked hard to pay for his daughter’s college education, she now expected him to subsidize the education of others who didn’t make intelligent plans, whether they overspent on college or got a major that left them earning a pittance: |
| Posted by:Besoeker |
| #13 The Dims will NOT put the "Professors" at the Dims leftist/Marxist indoctrination centers on the hook for their exorbitant salaries and tenures. |
| Posted by: Ebbomoger Speaking for Boskone4589 2020-11-17 19:52 |
| #12 Bill Clinton 1993: My administration will stand up for Americans who work hard and play by the rules Soetoro 2010: Your work. My rules (you didn't build that / you don't own it) Gropey 2020: "Rules"? The Big Guy Rules! More loot for The Big Guy! |
| Posted by: Angavirt Grosing6438 2020-11-17 19:28 |
| #11 The most recent Pelosi (House) Covid relief bill had a $10k per person debt forgiveness in it. This says that Congress admits it is their job to expend funds this way. Given this, it is probably a 90% certainty that a $50k debt forgiveness via exec order is unconstitutional. Of course all the extreme lefties are jumping up and down about this so it will likely produce a nice fight when and if Joe becomes 46. |
| Posted by: Lord Garth 2020-11-17 17:08 |
| #10 This is self dealing. Congress critters are hugely benefiting at the taxpayers' expense |
| Posted by: Gleger Thaitle6562 2020-11-17 16:56 |
| #9 They need to cancel the federal student loan program if there is no expectation of money to be repaid. |
| Posted by: Airandee 2020-11-17 16:48 |
| #8 Seize university endowments and then we'll talk. |
| Posted by: Marilyn Hapsburg2880 2020-11-17 16:17 |
| #7 I thought the Constitution forbade the feds from interfering with private contracts. But the FDR got away with that in the 1930s, and the USSC approved. |
| Posted by: Grampaw Phavish2227 2020-11-17 15:24 |
| #6 Think it was a mistake for DeVos not to honor Obama's forgiveness program. Yes, it was a bad program, but people made life decisions based on a promise that was not kept. Can't help being a little resentful. |
| Posted by: Iblis 2020-11-17 11:50 |
| #5 Call it a vote-buying scheme. |
| Posted by: JohnQC 2020-11-17 11:44 |
| #4 Yet another example of realignment. Trump was remaking the GOP into the party of the American non-credentialed small business owners, tradesmen and other working middle classes who aren't connected to either Big Tech or its sister, Big Government. Trump's enemies don't give a fook about working class families. Democrats are now the party of the politically-correct wealthy and far-left minority grievance-mongers. The grievance is all about the grift. |
| Posted by: Boss Bucket7342 2020-11-17 10:30 |
| #3 A nation of suckers. |
| Posted by: Solomon Lover of the Ostrogoths9366 2020-11-17 10:30 |
| #2 And don't forget us parents who scrimped and saved to put our children through college so that they would not graduate with large amounts of debt. |
| Posted by: Tom 2020-11-17 10:15 |
| #1 I might be fine with this if (and only if) the colleges were put on the hook for all of it. Since that's not gonna happen and if this turd of a proposal ever makes it into law, I'll be the first in line to sign up for the inevitable class action lawsuit of previous college grads who had student loans and paid them all off who are not being granted similar equitable relief. |
| Posted by: Raj 2020-11-17 09:59 |