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

Coronavirus Disease 2019 (COVID-19)

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.

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.

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?

Go Back

Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )


( 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.
Then all of a sudden it is acceptable and no need for Congress.
"Nancy Pelosi
’ 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?

‘Obsessed with doom’: Greta Thunberg has ‘gone bust’ Rant & Rave, Editorials, Beaufort Observer, Op-Ed & Politics Spot the difference!


Latest Op-Ed & Politics

Netherlands is world's second largest exporter of food by value
A new poll shows that Republican voters put Florida Governor Ron DeSantis at the top of deep list of politicians they want to see influence the party’s direction.
Davis Patterson, a bystander during a shooting that left a dozen dead, has been arrested for misgendering the shooter, Blake Jacobson, who is non-binary.
Twitter CEO Elon Musk announced a blanket amnesty for Twitter users permanently suspended from the platform.
With rising interest rates, experts expect the U.K. to remain in a recession into 2024
CNN host Alisyn Camerota and a guest on the network struggled with the gender non-conforming identity of the Colorado “Club Q” shooting suspect.
U.S. State Department officials defended themselves Sunday after awarding Ecuador a grant of over $20,000 for a cultural center to host drag shows for LGBTQ communities in the South American country.


The N.C. Home Builders Association is sharing its concerns about a recent court ruling against an Ashe County asphalt plant.
says schools are for education, not indoctrination
Former Trump administration economic adviser Larry Kudlow blasted President Joe Biden, accusing him of lying about the state of the economy.
President Joe Biden announced his intention to push for new gun control legislation in the lame-duck session of Congress.
Wondering why people actually still vote for Democrats? Believe it or not, there are still Democrat voters out there and we've compiled their top reasons for doing so!
Two NBA players were ejected from a game over the weekend after they engaged in a fight that ended up in the stands.
When I was a tenth grade student, I had the good fortune to have an English teacher named MS. Comer.
While Arizona’s handling of the midterm election has been the focus of media outlets and pundits for some time, California still has more than 250,000 uncounted ballots across the state.


Back to Top