marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
student loans
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 […]
01/04/2024
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By Ethan Huff
DEBT REVOLUTION? Tens of millions of student loan borrowers stage “massive student debt strike”
The student loan repayment pause that was activated during the Wuhan coronavirus (COVID-19) “pandemic” has come to an end, but tens of millions of student loan borrowers are refusing to pay. Activists say that this is not just a temporary lapse but a “massive student debt strike” as borrowers continue to wait for the White […]
08/20/2023
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By Belle Carter
SCOTUS BYPASSED: Biden’s education department to automatically WIPE OUT $39 billion in student loans, despite Supreme Court ruling against it
President Joe Biden’s administration is set to wipe out about $39 billion in federal student loans, the U.S. Department of Education (ED) announced on Monday. Some of more than 800,000 student borrowers already started receiving emails from their services with the subject line “Your student loans have been forgiven,” signaling the canceling of debts of those […]
08/09/2023
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By Arsenio Toledo
US credit card debt rises to historic high of $1.03 trillion
The total credit card debt in the U.S. has breached the $1 trillion mark. This is according to the Federal Reserve Bank of New York, which noted that total credit card debt rose by nearly five percent, or about $45 billion, during the second quarter of 2023 to a new high of $1.03 trillion. This […]
01/10/2023
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By Arsenio Toledo
Supreme Court to hear two challenges against Biden’s student loan debt forgiveness plan
The Supreme Court has agreed to hear two challenges against President Joe Biden’s student loan relief program. Oral arguments are set to begin in February. Furthermore, the court has also agreed to keep in place a nationwide injunction set by a lower court of appeals preventing the student loan forgiveness program from taking effect for now. […]
09/29/2022
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By Arsenio Toledo
Biden administration SUED over student debt forgiveness plan
President Joe Biden’s administration has been hit with a lawsuit seeking to block his executive order canceling thousands of dollars in student debt. The lawsuit claims the student loan relief plan will increase taxes for everybody. Biden and Education Secretary Miguel Cardona revealed the White House’s plan to provide up to $20,000 in relief for people with […]
09/09/2022
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By Mary Villareal
Biden’s debt forgiveness plan is an open invitation for educational institutions to commit FRAUD
Most federal student loans are now eligible for income-based repayment plans under President Joe Biden’s student loan program. Under these plans, students will pay a small percentage of their discretionary income over a certain number of years. While these plans seem reasonable at first glance, lawyer and political analyst Matt Bruenig pointed out that they create perverse incentives. […]
04/11/2022
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By JD Heyes
GOP senator blasts Biden for extending student loan payment moratorium AGAIN, saying it’s “an insult” to responsible Americans
A leading Republican senator is railing on President Joe Biden following reports that his administration is considering yet another moratorium on student loan repayments long after financial hardships caused by the COVID-19 pandemic have passed. Sen. Tom Cotton (R-Ark.) noted on Twitter that the payment freeze is “an insult” to responsible Americans who pay their […]
11/11/2021
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By Arsenio Toledo
American household debt reaches record high of $15 trillion
Household debt in the United States has hit a record high, passing $15 trillion for the first time in history. According to a report published on Tuesday, Nov. 9, by the Federal Reserve, total household debt for the third quarter of 2021 increased by a whopping $286 billion to a new total of $15.24 trillion. […]
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