Student debts cannot be forgiven, they can only be transferred. With Biden’s executive action this week, that means you and I are on the hook for an estimated $364 billion.
Of course, the president won’t “forgive” the new debt he saddled us with. In fact, he just hired 87,000 new IRS agents to collect it.
Announced on Wednesday, the federal government will transfer up to $20,000 of debt for Pell Grant recipients and up to $10,000 for those who didn’t receive that grant. The sweetheart deal is available to single Americans earning under $125,000 per year, or $250,000 for married couples.
My family would qualify for this program, but we skipped the McMansion in the exurbs and Caribbean vacations and paid off our student loans instead.
What suckers.
Rack up debt, then make others pay for it
In Biden’s America, playing by the rules is a fool’s game. The irresponsible will be rewarded at your expense. The clear lesson: Get yours by making the Beltway take it from someone else.
Working-class friends who couldn’t afford four years at university joined the military, learned a trade or used their native skill for jobs in sales or technology. They won’t see their office rent, truck payments or small business loans “forgiven.” Those saps chose to be responsible and will be punished accordingly.
After enrollment drop:This community college offered free tuition
Guess they should have hired some lobbyists.
