August 11, 2023

After Supreme Court rejects regime's plan to forgive student loans, Dems roll out Plan B

Hey citizen!  Remember how bidenfail wanted to "forgive" student loan debt up to $10,000 for white kids and up to $20,000 for "special" students?  

Oh come ON, it was barely a month ago!  You know...big Supreme Court case saying he didn't have the power to do it like that.

Anyway...even before the SC struck down his handlers' unconstitutional plan, the regime had Plan B ready to roll out: It's a "debt forgiveness plan" that is slated to cost a mere $39 BILLION to "forgive" (i.e. have YOU pay) student loan debt.  Because it costs less than a tenth of the first $400 BILLION plan, the regime believes the court will let this one go.  

Dis plan gon' "forgive" loans for 800,000 student borrowers.  So dat beez bettah fo duh pipo who pay taxes, right?

Well, yes and no.  Cuz if you have a calculator, try dividing $39 BILLION by 800,000.

I got an average bribe of $48,750 per student.  Does that agree wif yo' calculatah?

Whoa!  I thought giving students a bribe of either $10,000 or $20,000 (Plan A) was outrageous.  But now they wanna go for an AVERAGE bribe of almost $49,000 per borrower???  Wow, that's...brazen.

This is how the Dems win: They never give up. Supreme Court slap you down on Plan A?  No sweat: just roll out Plan B, which costs five times more per student than the first plan.

And this at a time when the nation's debt is reaching insane levels.  So biden goes for more insanity, cuz it wins Dem votes.  

Source.

https://www.foxbusiness.com/personal-finance/think-tanks-file-suit-block-biden-administrations-plan-cancel-39b-student-loans
 

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