October 2, 2022

GOP Rails Against Biden’s Half a Trillion Dollar Loan Forgiveness Plan

According to an  analysis  from your Committee for a Responsible Federal government Budget, President Biden’ s i9000 debt cancellation plan will  costbetween “ $440 billion and $600  billion  over the next ten years, ” plus Republicans are continuing to warn that the move is not fiscally responsible or reasonable. President Biden on Wednesday  announced his plan to reduce a portion of student loan financial debt for those earning […]#@@#@!!

According to an  analysis   from the Committee for a Responsible Federal Budget, President Biden’s debt cancellation plan will  cost in between “ $440 billion plus $600  billion  over the following ten years, ” and Conservatives are continuing to warn that the move is not fiscally responsible or fair.

President Biden upon Wednesday  announce d his plan to reduce a portion of student loan financial debt for those earning less than $125, 000 per year.  

According to a visual shared by Biden, beneath the plan, those making less than $125, 000 will see 20 dollars, 000 forgiveness if they went to college on a Pell Grant, and $10, 000 for individuals who did not receive Pell Grants:

While some Democrats  say   the plan does not go far enough, most are partying it as a step in the ideal direction, while  conservatives carry on to  warn   that it is yet another  irresponsible  and unfair financial move at the hands of Democrats.  

“ Why should a machinist in Kansas pay for the student loans of the jobless philosophy major in Los Angeles? ” Rep. Jim Jordan (R-OH) asked upon Thursday:

Reading more

Leave a Reply

Your email address will not be published. Required fields are marked *