‘I Cannot Believe I Gave Two Legs For My Tuition’: Afghan Vet Reacts To Biden’s Student Debt Cancellation Plan | Eastern North Carolina Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Amanda Prestigiacomo.

    Veteran Johnny "Joey" Jones reacted to President Joe Biden's plan to cancel student loan debt for Americans making less than $125,000 a year.

    The plan would cancel $10,000 in debt for those earning less than $125,000 a year, and for those who received Pell Grants, $20,000 in debt will be wiped.

    "I cannot believe I gave two legs for my tuition," Jones posted to Twitter, referring to the price he paid while serving as a U.S. Marine to have his college paid for.

    "What a dope I am," he added. "Ooh-rah!"

    The veteran's tweet quickly went viral, racking up more than 40,000 likes in a matter of hours.

    Jones lost both legs and suffered serious damage to his right forearm and both wrists in 2010 while serving as an Explosive Ordnance Disposal (EOD/Bomb) technician in Afghanistan.

    The Fox News contributor was not the only one to express some feelings about Biden's announcement. As reported by The Daily Wire, others online called the move to cancel student debt "f***ing insanity" and "a real slap in the face" for those who've paid off their debts or opted not to take out loans they couldn't afford.

    "All of this means people can start finally to climb out from under that mountain of debt," Biden claimed in his remarks at the White House on Wednesday. "To finally think about buying a home or starting a family or starting a business. And by the way, when this happens, the whole economy is better off."

    When Biden was asked if the policy is "unfair to people who paid their student loans or chose to not take out loans," the president responded by talking about "multi-billion dollar businesses" and tax breaks.

    According to an analysis from the University of Pennsylvania's Wharton School, the Biden debt forgiveness plan will largely help higher income earners while exacerbating inflation, The Daily Wire reported Wednesday.

    Nixing $10,000 of student loans per borrower would cost $298 billion in 2022 and a total of $329 billion by 2031 if the policy is renewed each year, according to the nonpartisan Wharton analysis. Less than 32% of the funding would benefit Americans in the two lowest income quintiles, while 42% would benefit those earning more than $82,400 per year.

    "People in higher income households are more likely to have student debt and they owe more on average," Cato Institute education policy analyst Colleen Hroncich told The Daily Wire. "So, most cancellation plans would benefit the wealthy more than middle-or lower-income families."

    Ben Zeisloft contributed to this report.

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?

456 total vote(s)     What's your Opinion?

poll#154

Inarguably, the policies of the Democrats in congress and Joe Biden as the Executive is plunging the United States into a recession, if we are not already there; a recession that was completely avoidable. Will abrupt changes in policies occur in time?

  Yes, the Democrats have a bold plan, yet to be revealed, to save us.

  No, there will have to be a complete undoing of the damage done by these Democrats.

  I can't do simple math, so how am I to understand the concept of basic economics.

1,216 total vote(s)     What's your Opinion?