The first thing that comes to mind when this topic comes up is always … ‘what about me?’ I decided to work two jobs (on full time) through out the time I was going to school so that I would not have to take on debt. Do I get my money back? No? How about my time? … (I know, that was rhetorical)
One might think that kids and the left, (but I repeat myself) would be thankful for having the burdens of their bad decisions lessened, right? Well, as it turns out, not so much …
The Hill reports:
Biden zeroes in on plan to cancel $10,000 in student loans per borrower
President Biden is nearing a decision on student loan debt forgiveness, with the president and his team zeroing in on canceling $10,000 per borrower, with some potential caveats.
White House officials cautioned no decision has been finalized as Biden continues to weigh his options. The president is scheduled to speak at the Naval Academy’s commencement ceremony on Friday and at the University of Delaware’s ceremony on Saturday.
Multiple reports indicated Biden considered using the weekend commencement ceremonies to announce some student debt forgiveness, with The Washington Post reporting the timing was changed in the wake of a school shooting in Uvalde, Texas, that left 19 children dead. A White House official disputed that was the case, however…
Multiple sources told The Hill in late April that Biden was looking at canceling at least $10,000 in student debt, and indications are the White House appears to have settled on that number even as they work through potential limits on who the loan cancellation would benefit.
It should come as no surprise that this not nearly enough for the left.
being handed $10,000 (plus the interest they would have spent on debt service) is not enough to make these kids really how lucky they are to be ‘bailed out’, a practice usually on reserved for America’s most wealthy bankers, instead they complain.
The average student loan debt is over $37k
They're going to try to get away with doing as little as possible, then get offended when it doesn't translate into approval bumps
$10k doesn't address the problem https://t.co/pHKYKArzBY
— Michael Sainato (@msainat1) May 27, 2022
AOC, as usual, was quick to prove the old adages that ‘no good deed goes unpunished’ as well as ‘give them an. inch they’ll take a mile’ with a single Tweet:
$10k means tested forgiveness is just enough to anger the people against it *and* the people who need forgiveness the most.
$10k relieves most the people who owe the least. What relief is there for the most desperate? For them, interest will undo that 10k fast. We can do better. https://t.co/HhfWbeCf0v
— Alexandria Ocasio-Cortez (@AOC) May 27, 2022
Hat Tip: American Lookout.