is ten gold dollars,
and i could pay you back with one good hand ( Hunter-Garcia)
but what is the card player did not have to pay back his loan?
what's wrong with bidens plan to forgive student loans? i don't have all day, how about someone/anyone explaining what's right with the plan. but seriously though lets cherry pick the most egregious elements of this plan. today let's talk legality and motive.
First of all it seems to be an illegal use of powers. At best and overreach by POTUS..at worst a bribe paid to a narrow group of voters where POTUS is lacking support....says who ? well ultimately the SCOTUS will decide, but for starters both Nancy Pelosi and Biden were quoted on record in 2021 as stating the President does NOT have the power to do this.
So how and why did he? the white house is trying to piggyback on the heroes act in the aftermath of 2001 that gave the POTUS very limited power to forgive debt in time of national crisis.
what national crisis? covid.....you remember that is the same pandemic that POTUS declared victory over back on July 4th 2021. covid is such a current crisis that the Fed Govt has stopped buying vaccines...stopped trying to enforce illegal mask mandates or shutting down classrooms. Fauci is retiring and the CDC is apologizing for getting EVERYTHING wrong from the outset.
at a time where (according to the white house) our economy is booming.... unemployment is at record low and inflation is roaring so much that the Fed has been raising rates at record clips...so why are college graduates seemingly unable to find a job and pay back their legal obligation? well, they're not.
so this clearly seems to be a violation of our election rules...this is a bribe....biden has no support from 20-30 year olds and so he is giving them between $10 and $20K in the hopes that they will return the favor at the polls.
I have talked tirelessly about the socialists trying to take down our Capitalist economy and throw the country into economic and social chaos, so they can in turn impose their will on the people .... well one little nugget in this bill that nobody is talking about yet. There is a provision that caps that amount of the monthly/yearly payments on the remaining loans a student must pay.....5% of your gross income...and after 10 years the balance is forgiven. This is a clear incentive to earn little or NO money for 10 years, so you do NOT have to pay anything back...this is a message to work off the books and or continue to live in your parents' basement...it's all part of the socialist playbook
if and when this gets to SCOTUS it will be interesting to hear the Govts case.....i don't have to point out the unfairness of this policy but maybe tomorrow we'll highlight some examples.
Everybody's bragging and drinking that wine
I can tell the Queen of Diamonds by the way she shine
Come to Daddy on an inside straight
I got no chance of losing this time
No, I got no chance of losing this time
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