President Donald Trump on Wednesday called out President Biden for his plan to “cancel” student debt.
As we know, nothing is free, and this debt “forgiveness” will be passed to hardworking Americans – small business owners, farmers, electricians, truckers, machinists – and so many more – will get the shaft because of Biden’s reckless decision to “forgive” student debt, while the country still faces high inflation.
Trump said in a statement
“Joe Biden and the Radical Left Democrats have just orchestrated another election enhancing money grab, this time to the tune of $300,000,000,000—and just like I predicted, it’s coming right out of the pocket of the working-class Americans who are struggling the most!”
This sum could reach $980 billion in 10 years.
According to Bloomberg analysis, student debt forgiveness will run between $300 billion-$980 billion in 10 years. https://t.co/Ii301aEqIe
— unusual_whales (@unusual_whales) August 24, 2022
Trump continued:
“Crippling inflation, unaffordable energy prices, and WAR—all things that should never have happened. But if that wasn’t enough, now Americans are bailing out College Administrators who fleeced students, and those who opted for Degrees there was no way they could afford.”
Trump’s conclusion:
“America is a nation in decline, and the cliff into oblivion is within sight. Stop voting for Democrats MAKE AMERICA GREAT AGAIN!”
On Wednesday, Biden announced the “cancellation” of $10,000 to $20,000 per borrower, claiming that about 90 percent of the people who would qualify make under $75,000.
Nick Arama, Nick’s colleague, reported that the White House did not answer the question who will pay for student loan bailout.
So those hard-working Americans, including the people who went to college, earned their degrees, launched their careers, worked hard, and paid off their loans, will now have to pay for other students’ loans while not being reimbursed for theirs. The people who paid off their loans did the right thing; some want to pay off their loans and not have them “canceled,” yet Biden decides to move forward with his decision because he thinks it will benefit the Democrats in November. The loud part of the Democratic Party doesn’t think he’s going far enough. The leftists are not satisfied and want more. Biden could cancel all student loans, which would amount to $1.6 trillion. Many want Biden to eliminate $50,000 of student debt. However, none of these leftists want to work in the real world and repay their loans.
Biden believed this was a clever tactic to use before the midterm election. Because of the things I said earlier, this is going to do more damage than good for Democrats. The responsible ones worked hard to repay their loans. The hardworking Americans that did not attend college now must pay the debts of students they borrowed.
I moved to DC in 2013 — 2 years after graduating college
Earn $10/hr working as an intern to earn $1600+ per month pretax
405/month Student Loan Payments
It took me only $45k to get rid of the debt.Ann Taylor – Nights worked at Ann Taylor in an effort to save money
It’s why I don’t need a handout today
— Anna Giaritelli (@Anna_Giaritelli) August 24, 2022
Instead of making sure that universities make education more affordable and pay off the students’ debt, they make the taxpayers foot the bill.
What if we asked universities with billion-dollar endowments, instead of asking farmers, mechanics, and police to repay student loans?
— Mike Pompeo (@mikepompeo) August 24, 2022
You have the option of going to college or taking out student loans. This choice is not without responsibility. It is no one’s choice to be diagnosed with cancer, yet they have to pay their medical bill. But I don’t see a conversation about medical debt. Why? The Democrats are not benefited politically.
This will be remembered by the American people in November.
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