Biden student loan cancellation to cost each taxpayer $2K | Eastern North Carolina Now | will cost governmen $300 billion and boost inflation

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Analysis by the Penn Wharton Business School show that the illegal student loan forgiveness announced by Joe Biden will cost each taxpayer $2,000 and drive up inflation.  It will cost the government $300 billion.  These numbers were computed even without the additional component of additional forgiveness for Pell Grant recipients, that will drive them even higher.

https://www.dailymail.co.uk/news/article-11142029/REALITIES-Bidens-student-loan-ploy-Models-predict-debt-levels-return-just-FOUR-YEARS.html

https://www.washingtonexaminer.com/restoring-america/faith-freedom-self-reliance/obama-economic-adviser-torches-bidens-student-loan-plan

The US Constitution clearly says that only Congress can dispose of government property, and courts have long held that debt is property of the creditor.  Even Pelosi is on record in the past stating clearly that a president has no power to do this.  This is just one more lawless act by a lawless regime.



poll#160
Are you in favor of the Joe Biden Executive Order, just weeks before the midterm elections, to shift the Higher Education debt, of up to $10,000.00 per individual, to the taxpayers of this Republic (estimated at 1/2 trillion)?
  Yes, it costs so much to go to college, and the right job is so hard to find in my focus of study.
  No, one's individual debt should be born by the beneficiary of that debt; certainly NOT by others that work to support their own families and pay their own debts, and their taxes.
  I am bereft of knowledge, so who cares?
385 total vote(s)     What's your Opinion?

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Comments

( August 25th, 2022 @ 12:01 pm )
 
How do we get this message to those that will not even keep up with what is going on and always vote for "Santa Clause Government" because they think everything from the Government is free!? We have more debt now than we can pay back and I am sure Bidenski will send more money to Ukraine. We even started on Taiwan yet. China will not miss that opportunity before the 2024 election. And we have a military extending two weeks of basic training to study Social Equity ETC. What happened to how to break things and kill people? I can see us not understanding our enemy to death.
( August 25th, 2022 @ 6:13 am )
 
I did not co-sign on any of these loans. If Biden wants to forgive them, then he should pay the loans off out of him own pocket and not ours.
Nancy in her own words on forgiving student loan debt. twitter.com
Then all of a sudden it is acceptable and no need for Congress.
"Nancy Pelosi
@SpeakerPelosi
.
@POTUS
’ bold action is a strong step in Democrats’ fight to expand access to higher education.

By delivering historic targeted student debt relief to millions of borrowers, more working families will be able to meet their kitchen table needs as they recover from the pandemic."
( August 24th, 2022 @ 7:56 pm )
 
Is this fair to those of us who paid off our student loans? Is it fair to those who did not go to college but now are socked with extra inflation for a giveaway to those who did?



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