marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
student debt
03/01/2024
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By Ava Grace
Biden DID NOT wipe away debt via student loan forgiveness program – he only redistributed it to other taxpayers
President Joe Biden’s student loan “forgiveness” measures are making matters worse for other taxpayers. History has shown that attempts to “cure” a problem by exceeding the federal government’s constitutional powers generally lead to more and worse problems. The courts, in the exercise of what is called “equity jurisdiction,” have long excused borrowers from obligations incurred […]
02/27/2024
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By Laura Harris
Biden admin to WIPE OUT $1.2B in federal student loans under new plan – essentially vote-buying using taxpayer money
The Department of Education (ED) has announced the automatic discharge of $1.2 billion in federal student loan debt for 153,000 borrowers under a new income-driven repayment (IDR) plan from President Joe Biden. The Saving on A Valuable Education (SAVE) Plan seeks to provide relief to enrolled borrowers who have diligently made payments for at least 10 years and […]
11/15/2022
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By Ramon Tomey
Texas judge strikes down Biden’s student loan forgiveness plan
A federal judge struck down the student loan forgiveness plan put forward by President Joe Biden. Had the plan pushed through, hundreds of billions of dollars in student loans would be canceled – setting a disastrous precedent. District Judge Mark Pittman, a magistrate for the U.S. Northern District of Texas, nixed the plan in his Nov. 10 […]
08/31/2022
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By Roy Green
Biden’s plan to write off student loans using post-9/11 national emergency law is a form of political posturing
The intention may be noble, but the timing of the execution reeks of something unpleasant – especially with the midterm elections coming up. This was the common reaction of Americans to President Joe Biden’s plan to write off billions of student loans. The loan forgiveness plan – estimated to cost the federal government between $300 […]
08/26/2022
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By JD Heyes
Of course: Biden’s plan to help relieve some student loan debt will actually enrich the wealthiest earners
Joe Biden’s handlers trotted out our dementia president on Wednesday to announce another massive spending measure that will soak taxpayers for hundreds of billions, even as previous gluttonous spending has caused record inflation. Biden announced that the government will be erasing $10,000 in debt for earners making $125,000 or less and $20,000 for Pell Grant […]
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