Joe Biden pulled a “midterm political stunt” and he used a law passed after 9/11 to “provide relief to borrowers in connection with a war, other military operation, or national emergency” to cancel a chub of student debt, and plummet this country into an even darker abyss of debt, inflation, and high taxes…and we all know who will pay the price… the middle class.
Biden’s student loan cuts will help many very well-off college grads, who are stuck with big loans after picking stupid degrees, like “gender studies” and “ancient tampon weaving.”
Meanwhile, the middle class, who is already strapped will be left to pick up the bill.
CNBC reported that Joe Biden announced Wednesday that he will forgive $10,000 in federal student debt for most borrowers, fulfilling a campaign pledge and delivering financial relief to millions of Americans.
Biden will cancel up to $20,000 for recipients of Pell Grants, he also said in a tweet Wednesday.
The relief will be limited to Americans earning under $125,000 per year, or $250,000 for married couples or heads of households. The relief is also capped at the amount of a borrower’s outstanding eligible debt, per the Education Department.
And if you think I am making this up, about the elites making out like bandits, please look at what Biden’s supporter, a Harvard professor by the name of Laurence Tribe said: “Good news for thousands of my former students. I’m grateful on their behalf, Mr. President.”
Yes, nothing like the middle class bailing out Harvard grads, right?
This guy got savaged for what he said:
“Your Harvard students needed a bailout?”
“You professors should willingly take a pay cut if you feel for students taking on an education that’s too expensive. Taxpayers should not be paying professors inflated salaries through debt repayment we never agreed to.”
“Harvard Law students are among the most underprivileged in our society. Long past time Pennsylvania coal miners pay their debts.”
“Harvard Grads getting bailed out by working-class Americans. If you had any doubt that Democrats were the political party of the white liberal elites, please, wonder no more…”
“How much does a lawyer make after graduation because I have $15/hr employees paying for their student loans that would love to get a handout for NOT incurring an insane amount of debt.”
“Bad news for the young black men who work at McDonald’s & will be paying for the rich democrat Harvard grads college.”
“Yeah because it’s so tough for a Harvard law student to find a job and payoff their LOAN. This is criminal and taking advantage of the poor and blue collar workers. Your students CHOSE to go to an overpriced college.”
“Make no mistake, the Biden administration’s move to forgive student loan debts is a transfer of wealth from the working class (who didn’t attend college or have high tuition fees even if they did) to the privileged elite who attended schools like Harvard, Cornell and Columbia.”
“Harvard graduates really need that extra ten thou. It’s a hard world in the trenches!”
“Your “students” went to Harvard, didn’t they? I’m sorry, but if your students have gone to Harvard and can’t afford to pay their college loans, then there’s a serious question to be asked about the system. Is the product worth the cost?”
“And, the janitors cleaning the Harvard classrooms will pay off the loans for the future lawyers. No problem!”
“Good to see those Harvard kids finally catch a break”
“I was mad thinking about struggling through this inflation, saving and sacrificing as I paid my daughters student loans and now knowing my taxes will increase to pay for others school choices but now knowing lawyers who went to Harvard will get debt relief I feel so much better!”
The Democrat Party is the party of and for rich, elitist white liberals, and they expect the rest of us, to pay their way when they make a mistake.
One of the most dependable websites for original reporting, investigative reporting, and breaking news in the conservative media is now WayneDupree.com. It is the only group combating communist bias in the media and entertainment, and it is its hard news division.
Because the success of our objective is so important to the economy and because leftist media's COVID falsehoods probably cost lives, we need your help. Donate to WayneDupree.com today so that we can keep covering stories that the leftist media won't touch. Your decision to donate $5 per month, $50 per year, or $100 per year will enable us to continue the difficult work of making sure a free and fair media survives in our nation.
SIGN UP HERE and join us!
Follow Wayne on Rumble!