After Destroying Your Livelihood With Covid Mandates, Biden Wants You Subsidizing Rich College Grads
By: Shawn Fleetwood
August 25, 2022
The No. 1 priority for the Biden administration is to inflict as much pain and suffering on the American people as possible.
President Joe Biden announced plans to illegally transfer student loan debt from existing borrowers to the rest of the American public on Wednesday, marking the latest abuse of executive power by America’s commander-in-chief.
“In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023,” Biden said in a tweet likely posted by a White House staffer.
As described in the graphic accompanying the tweet, the administration plans to “forgive” up to $20,000 for individuals who attended college on Pell Grants and $10,000 for those who did not receive such a grant. While the new loan “forgiveness” plan only applies to individuals making less than $125,000 a year — a cap which means little, considering plenty of college graduates make less than six figures upon graduation but have a wealthy trajectory — the administration also plans to extend the current pause on student loan repayments through December 31, 2022.
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https://thefederalist.com/2022/08/25/after-destroying-your-livelihood-with-covid-mandates-biden-wants-you-subsidizing-rich-college-grads/
