Staff Reports
In a not-so-shocking yet utterly appalling move, President Joe Biden has unveiled a plan to stick hardworking American taxpayers with the bill for over $50 billion in student loan debt. That’s right, folks – the White House is giddily announcing that they will be burdening taxpayers with the financial mess of ten million Americans who took out student loans.
But wait, it gets even better (or worse, if you’re a responsible citizen who believes in personal accountability). The Biden administration is hoping to sweeten the deal for young voters by waving the magic wand of “debt forgiveness.” This move is clearly a ploy to garner support from disillusioned young people who are starting to realize that the Biden regime’s policies are nothing more than empty promises and reckless spending.
SCOTUS made it very clear he can't do this.
But democrats don't care about any laws so here we are. Buying votes because his policies crush Americans
White House Pledges Taxpayers Will Bail Out 10 Million Students‘ Loan Debts https://t.co/FE5OalhADN via @BreitbartNews
— JohnGalt 🇺🇸🇮🇱 (@JohnJGaltrules) April 8, 2024
Secretary of Education Miguel Cardona shamelessly boasted to reporters about this scheme, claiming it’s all about delivering “relief” to as many borrowers as possible. Relief for who, exactly? Certainly not hardworking Americans who pay their bills on time and play by the rules. No, this so-called relief comes at the expense of responsible citizens who will now see their tax dollars funneled into bailing out those who made poor financial decisions.
The New York Times even had to admit that this plan is nothing more than a last-ditch effort to rally support for Biden ahead of the upcoming November election. It’s a desperate attempt to win over voters who were promised a massive $20,000 debt wipeout but were left empty-handed. But let’s not forget, this grand plan to saddle taxpayers with even more debt could face legal challenges, delays, and pushback from Republicans who refuse to let Biden siphon off our hard-earned money.
Let’s take a closer look at who’s getting bailed out here. The Biden plan outlines various categories of borrowers who would benefit from this outrageous handout. It includes those who owe more than they initially borrowed (maybe they should have paid attention to the terms before signing on the dotted line), those who haven’t bothered to apply for loan forgiveness they’re apparently eligible for (because why bother taking responsibility for your own financial obligations?), and borrowers who have been schlepping their debt for decades (how many second chances does one need?).
Oh, and let’s not forget about those who enrolled in low-value programs or are struggling to make payments. Unsurprisingly, the plan emphasizes the disproportionate impact on Black and Latino borrowers, tugging at the heartstrings while conveniently disregarding the fact that fiscal responsibility knows no race or ethnicity.
So, there you have it, folks. Another day, another disastrous decision by the Biden administration to shove the burden of personal financial responsibility onto the backs of taxpayers. It’s a classic case of big government gone wild, and it’s the hardworking citizens of this country who will ultimately pay the price for President Biden’s reckless generosity with other people’s money.
