Key points:
- Over 750,000 households with average incomes exceeding $312,000 benefit from student loan forgiveness.
- Biden’s student loan forgiveness totals $153 billion, funded by taxpayers.
- Penn Wharton’s analysis estimates Biden’s relief plans will cost an additional $84 billion.
Biden continues paying off successful young voters: Sorry, I mean “forgiving student debt.” Biden this week paid off another $7.4 billion in student loans, making his total student loan cancellation something like $153 billion. And by cancellation, I mean tax dollars were used to make the ledger go to zero. How much exactly? From Penn Wharton’s analysis: “We estimate that President Biden’s recently announced ‘New Plans’ to provide relief to student borrowers will cost $84 billion, in addition to the $475 billion that we previously estimated for President Biden’s SAVE plan.” But that goes to really needy people, right? Well, actually, at least 750,000 of those households are “making over $312,000 in average household income.”
www.thegatewaypundit.com/2024/04/report-joe-bidens-vote-buying-scheme-forgive-student/
www.thefp.com/p/tgif-wwiii-may-come-tomorrow-nellie-bowles
FOR THOSE THAT NEED TO BE SPOON FED, BECAUSE YOU’RE TOO LAZY, HERE IS THE SOURCE OF THE NUMBERS:
budgetmodel.wharton.upenn.edu/issues/2024/4/11/biden-student-loan-debt-relief
h/t CharlieFoxtrot