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Many Voices, One Freedom: United in the 1st Amendment

March 29, 2024

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By Executive Order, Joe Biden signed his long dreaded “Student Loan Forgiveness” scheme, a shameless attempt to stem the Red Tide that will soon overwhelm Democrats this November. By doing so, Joe is inflating the costs of living for all Americans in complete contradiction to monetary facts. Joe claims his debt forgiveness scheme will only cost the treasury (US taxpayers) $240 billion in the next ten years when in fact, federal budget observers project the estimated debt will actually grow between $440 – $600 billion, possibly a trillion dollars even.

This cannot be a simple error in Joe’s judgment; it’s a planned scheme by the far Left Progressives to increase America’s economic woes, as outlined by Saul Alinsky in his Rules for Radicals on how to destroy a country from within without ever firing a shot.

The intention of Joe’s scheme is to buy the youth vote while, at the same time, paying off his radical supporter’s debts and inflating the costs of obtaining a near useless Liberal Arts education. Colleges and universities, already nearly as wealthy as the US Treasury itself, are notorious for raising their prices whenever the government announces free education money schemes.

Even so, they still produce high numbers of graduates with useless degrees unable to find employment in America’s diminishing job market. To any economy, government interference by spending funds they don’t create, but tax or print, becomes intolerable to taxpayers with no skin in the game. Government has no business meddling in the education banking system or guaranteeing loans. It’s unAmerican because it generates unsupportable costs for American taxpayers by shifting taxpayer resources to an already bloated educational sector.

But don’t look at Joe’s scheme as only forgiving student loans. He’s a Progressive Democrat, so look for the hidden tricks that expose the waste, fraud, and abuse of his humanitarian gesture, apart from vote buying. First of all, as the cancellation of some student debt already exists, Joe’s plan fills only a small part of his forgiveness scheme. Joe also wants to limit future payments on debts to 5% of income, but here’s the catch, only after the borrower’s income rises above roughly $30,000 per year. What happens if they can’t get a job? But, if someone can earn $70,000 a year, then no matter how much they borrow, they’re still limited to paying $2,000 per year (5% of the extra $40,000). After twenty years, any remaining debt would simply disappear.

But the plot thickens. For a majority of students, Joe’s “income-based repayment” system would be a no-brainer, and once they pick it, they wouldn’t care at all what their college fees costs would be, i.e., $85,000 or $150,000. Some students could choose the priciest college they could find and pay for it all with federal loan money, because their repayments will be capped. Greedy students would be incentivized to take out loans more significant than what they need turning any excess into cash for the cost of living expenses.

Think about all the good deals out there that free extra government money can buy. It could be used to invest in crypto, throw cool parties, and afford gasoline for their cars, all because Joe’s plan has limited their future repayments. It is claimed that every cloud (scheme) has a silver lining. Well, this one doesn’t, because colleges would have an added incentive to enroll every student who applies even if they have limited earning prospects.

Enrolling people unprepared to be educated provides admission officers the incentive to charge whatever price they deem necessary to get those wonderful checks from Joe’s accommodating government. The unprepared students won’t survive anyway, so they won’t care because they won’t have to pay it back, effectively allowing colleges to thrive off a perfectly legal government-sponsored money-laundering scheme without ever touching the billions of dollars in their savings accounts. Such a deal!

We can only hope that wiser heads will kill this scheme. It’s probably unconstitutional anyway. But, without a doubt, costs for higher education will skyrocket out of control to the point that trade schools can only benefit from collapsing college enrollments. The allocation of taxpayer capital for political reasons is a recipe for economic disaster. But, so are Democrats!

Remember, freedom is the goal; the Constitution is the way. Now, go get ’em!

MANY VOICES, ONE FREEDOM: UNITED IN THE 1ST AMENDMENT

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