Ep. 1075 - Biden Blows Our Money On The Student Loan Vote
Episode Stats
Words per Minute
180.66599
Summary
Joe Biden announces a plan to forgive $300 billion worth of student loan debt for every debtor who makes less than $125,000 per year, and $20,000 for every person who paid for college with Pell Grants.
Transcript
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Home Title Lock's million-dollar triple lock protection
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they'll spend up to a million dollars to fix it
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of their million-dollar triple lock protection.
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Yesterday, Joe Biden announced a $300 billion plan
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for every debtor who makes less than $125,000 per year
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Now, the whole situation is a little bit awkward
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Biden's reluctance to forgive the student loans,
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admitted that the President doesn't have any right
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People think that the President of the United States,
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is this more on the subject than you ever want to know?
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People think that the President of the United States
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It's just like when Fauci flipped on the masks.
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They're great, and you have to wear them all the time.
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It's very, very awkward when they have to pivot 180 degrees like that.
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will disproportionately help wealthy white people.
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As the liberal activist and Young Turks commentator Nina Turner points out,
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while the average black borrower is a whopping $52,000 in debt.
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And as the left-wing Brookings Institution noted,
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a full third of student debt is owed by the wealthiest quintile of households,
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while only 8% of student debt is owed by the bottom quintile.
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But then again, this is a feature, not a bug of the plan.
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Right now, Joe Biden is losing support among college-educated whites.
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he is buying their votes before the midterm elections,
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especially among Democrats going back to the days of Tammany Hall and Gangs of New York.
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The biggest problem with Biden's vote-buying scheme is not that it's corrupt.
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It's not even that Joe Biden has no right to do it.
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The worst aspect of Biden's payoff is that it is going to encourage more people to go to college,
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where they will be treated to a heavily subsidized four-year training camp
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to make more docile and ignorant Democrat voters.
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My favorite comment yesterday is from TheVisconsFan,
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and you must be shut down and thrown into the gulags for saying otherwise.
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you are questioning science and reality and truth itself.
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It's just, it's so transparent when they do that.
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yes, until August 25th in the year of our Lord, 2022.
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I think we need to be able to do things for ourselves.
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We can't trust these people running our country.
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The value of your minivan, pickup, sedan, whatever you drive,
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probably appreciated pretty significantly last year.
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That's the silver lining amid all the crazy supply chain stuff
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It means you've got to take care of your automotive investment.
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Keep more of your money by buying the auto parts
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that you need to maintain and repair your vehicle at rockauto.com.
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Rockauto.com has been in the auto parts business for 20 years.
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It's family owned, super easy to navigate, catalog,
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but he was just feeling a little loose one day.
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He goes to the brick and mortar auto parts store.
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He said, you scammers, you're trying to rip me off over here.
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there's no real precedent for Joe Biden to do this
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He's just saying, okay, the midterm elections are coming up.
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cumulative deficit reduction to pay for the programs
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hey, businesses that we intentionally destroyed,