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Biden’s Loan Forgiveness Fraud

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Posted By: RockyTCB, 5/2/2022 6:21:24 AM

His popularity flagging, President Joe Biden is using the oldest trick in the book to return voters to the Democrats’ fold: Don’t earn their future votes, buy them. And that’s exactly what Biden is doing with his $1 trillion plan to “forgive” student loans. Biden had already allowed students to “postpone” paying their loans during the pandemic “emergency,” even those who have jobs and could make the payments. So why now forgive the loans? The truth is, one of the biggest recent declines in Biden’s support comes among Americans of college age and slightly older, the very group most likely to have a pile of student loans.

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Reply 1 - Posted by: planetgeo 5/2/2022 6:42:20 AM (No. 1144040)
Loans that are "forgiven" to the deadbeats don't just go away, they do indeed get repaid...by all the rest of us who already repaid our own loans and now must also pay for the deadbeats' loans through higher taxes. It never ends...the Democrats' generosity with other people's money
19 people like this.

Reply 2 - Posted by: F15 Gork 5/2/2022 6:46:57 AM (No. 1144048)
As soon as the government took over the Student Loan Business, it didn’t take a Nostradamus to see where this scam was was headed..
28 people like this.

Reply 3 - Posted by: maryann4629 5/2/2022 6:52:17 AM (No. 1144054)
What kind of a sucker would ever make another student loan payment? This isn't fixing the problem; it's inviting a bigger problem down the road.
13 people like this.

Reply 4 - Posted by: minuteman 5/2/2022 7:24:59 AM (No. 1144079)
The real problem is that everyone continues to talk as if anything being done is legitimate when the entire world knows that this regime is an illegitimate
17 people like this.

Reply 5 - Posted by: minuteman 5/2/2022 7:26:30 AM (No. 1144080)
…fraud. If they can make you pretend that a man is a woman, they can make you pretend anything.
22 people like this.

Reply 6 - Posted by: udanja99 5/2/2022 8:01:12 AM (No. 1144101)
My daughter opted out of college and got certified in cosmetology instead. She makes a decent living as a hair stylist but doesn’t make anything near $150k per year. So, under this idiotic plan, she would be forced to help pay off the loans of people who make a lot more than she does. Leftists really can’t be this stupid so the only alternative is that they’re evil.
19 people like this.

Reply 7 - Posted by: Oldenoughtoknowbetter 5/2/2022 8:47:19 AM (No. 1144144)
The students who think they are getting something for nothing don't yet realize they will be paying the rest of their lives for others. Questions: why go to a community college when you could go to a more expensive school for free thus pushing up the tuition and fee price? What about being a truck driver or plumber? Can they get a loan and are their loans paid off? What if parents are wealthy but since these students don't have paying jobs, can they still get loan forgiveness? What if these students borrow tons of money and some other president changes the rules? Who is going to prevent colleges from really raising their prices way above what they already have? How many years can someone go to school free .. in other words they can become a professional student? This just isn't just going to be about buying a few votes.
7 people like this.

Reply 8 - Posted by: bigfatslob 5/2/2022 8:49:06 AM (No. 1144145)
I don't recall cosigning for a student loan for anyone. I grew up with a goal in mind to get out of debt I'm not returning to debt because of a leftist hair brain scheme to get votes. One of my children went to college paid his way by working, paying as he went with no help from me. He's debt free with his education to create and keep a nice home. This not what my son planned for to pay some deadbeat's education and who knows if the deadbeat works at all.
7 people like this.

Reply 9 - Posted by: wilarrbie 5/2/2022 10:43:09 AM (No. 1144290)
College kids are the most useful idiots. Dependent, untested by realities of Life, gullible and easily manipulated. Primed to believe anything public schools have taught them about the benevolence of the government. They are the future. Hat tip to #2 for bringing up when Obama took over the loans with a promise to cure all our ills. That didn't take long.
4 people like this.

Reply 10 - Posted by: bighambone 5/2/2022 12:11:21 PM (No. 1144365)
No matter what Biden’s leftist White House politburo tells Biden to do to cancel outstanding student loan debt, the actual debt will not go away. The only thing that will happen is that the loan contracts between the borrowers and the entities who lent the student loan money will shift from the original borrowers and the lenders, to the US Government and the lenders, making all the US taxpayers liable to payoff the outstanding student loans in accordance with the guarantees that the US Government made years ago during the Obama era to the lenders. As usual, when you get to the bottom line, it would be the old Democrat mantra of buying votes at work again.
2 people like this.

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