Biden Cancels $1.3 Billion Of Student Loans — His Plan For Student Loan Cancellation Is Becoming Cle

NEWS ALERT
Biden to Cancel All Student Debt From Defunct Corinthian Colleges

The U.S. will forgive all $5.8 billion in student loans tied to defunct Corinthian Colleges, the largest single debt cancellation by the government.
 
May be a stunt as you call it, but there are dozens of inequitable metrics, and that in and of itself is not a bad thing. There is some behavior you want to discourage and others you want to encourage. Every graduated tax can be argued as inequitable by someone in the food chain as can any needs-based benefit. Harvard is now free if you don't meet the bar for income and you are accepted. Sounds like a sound choice to me - others may consider it unfair.
 
CaptainObvious said:
As they say, timing is everything. Corinthian was a scam school and debt should be cancelled in this particular case. For those that got hosed years ago, sadly it's just their misfortune.
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Nothing is canceled ....
This 5.8 billion goes into the national debt.....We all pay these damages created by a private company....
 
Mercor said:
Nothing is canceled ....
This 5.8 billion goes into the national debt.....We all pay these damages created by a private company....
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Technically yes, but we all pay for everything these nitwits can come up with anyway. There is no escaping it. Nearly all of taxation is just plain theft.
 
CaptainObvious said:
Technically yes, but we all pay for everything these nitwits can come up with anyway. There is no escaping it. Nearly all of taxation is just plain theft.
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Not technically Yes.....but all day Yes....
The Nitwits are Democrats.....No Republican is for assuming college debt.
Vote in Republicans.....
 
‘They Just Don’t Get It’: Biden’s Student Loan Forgiveness Push a ‘Complete Disaster’ for Democrats in Midterms

President Joe Biden has said he's "taking a hard look" at canceling hundreds of billions of dollars in student loan debt—a decision his advisers believe would be "a complete disaster" for the Democratic Party in the midterms.

"There are a lot of people very close to the president who privately understand that this is a complete disaster for them," the Washington Post‘s James Hohmann said on the Bulwark Podcast. The president's aides have attributed the political misjudgment to influence from leftwing Democrats including Sen. Raphael Warnock (Ga.) and Georgia gubernatorial candidate Stacey Abrams. Both are seeking high turnout from the party's base in the Peach State, where they say an electoral block of former graduates from HBCUs could tip the scales.
 
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