House Democrats with student loans among those calling for student loan forgiveness
If student loan forgiveness becomes a reality, college graduates who are struggling will not be the only ones who benefit from the decision. Among the House Democrats calling for student loan forgiveness, 13 have student loans, or have someone in the family who has student loans. Some of the members of the squad are included in this number.
From the Washington Examiner:
A total of 14 Democratic members of Congress, who are an average of 45 years old and include the likes of “Squad” Reps. Alexandria Ocasio-Cortez (D-NY), Rashida Tlaib (D-MI), Ilhan Omar (D-MN), and Jamaal Bowman (D-NY), reported on 2022 filings holding up to $1.7 million combined in their own or a family member’s student debt. That these same politicians have also urged President Joe Biden to waive away college loans on the backs of taxpayers presents an apparent conflict of interest, ethics experts and a top Republican lawmaker say.
“This is little different from officials advocating or voting for policies that benefit companies in which they own stock,” Michael Chamberlain, director of the watchdog group Protect the Public’s Trust, told the Washington Examiner. “Some people may even consider it worse, perhaps, because it’s at the direct expense of taxpayers.
“Regardless of the wisdom of the policy, certainly those who could gain personally from it should think about taking a step back from leading on the issue,” he said.
The Supreme Court in June dealt a heavy blow to Biden’s roughly $400 billion federal student loan forgiveness plan of up to $20,000 each for millions of borrowers, ruling that the proposal skirted congressional authority. The president called the judiciary’s decision “a mistake” soon after, and the White House last week launched a program that allows borrowers to apply for smaller monthly debt payments with the ability to qualify for loan forgiveness after 10 years.
On Wednesday, nearly 90 Democrats joined a letter to Biden asking him to use “additional tools” to “cancel student debt by early 2024.” Should the president do so, 13 signatories or their relatives who in 2022 held loans could reap a windfall.
That includes Ocasio-Cortez, Tlaib, Omar, Bowman, Reps. Grace Meng (D-NY), Jimmy Gomez (D-CA), Nanette Barragán (D-CA), Brendan Boyle (D-PA), Veronica Escobar (D-TX), Nikema Williams (D-GA), Salud Carbajal (D-CA), Jasmine Crockett (D-TX), and Greg Casar (D-TX). Separately, Rep. Jahana Hayes (D-CT) disclosed up to $250,000 in loans through the Education Department and didn’t sign the document.
The Washington Examiner provides the balance of the story here.
Category: "Teh Stoopid", "Your Tax Dollars At Work", Democrats, SJW Idiocy, Society
So what about people that took out student loans to go along
with the student deferement to stay out of Viet of the Nam?
Not trying to stir the pot here, but I am pissing in it.
We’re gonna need a bigger pot. Move over, there’s a line forming.
Surprised that elected officials will use their influence to help themselves? If you haven’t seen Eddie Murphy’s “The Distinguished Gentleman”, watch it. It was supposed to be comedy about how corrupt DC is instead its a documentary on the slimy swamp creatures.
The only school I went to after I got out of the Navy was Apex tech school where I learned A/C repair using the GI Bill. Only money that came out of my pocket was for tools. Doo Wopp University didn’t cost me a red cent. Am I allwed to say red???
Am i the only one who is bothered by this term “the squad”??? To me a squad is 9 sweaty grunts, four face-painted scouts, or a mortar track slinging 120mm HE. It is most decidedly not a group of angry politicians (that’s the most courteous thing I can say).
“obnoxious progressive twatwaffles” is more appropriate.
True, but sqaud is faster to say and type.
I prefer coven
May Hack Stone suggest Axis of Evil?
You may, and at least I approve.
The media tried so hard to make “The Squad” a brand, sort like “Blair’s Babes” had been done in England. However, I almost never hear or see that term being used outside the media unless it is being used ironically.
At the very least they should either recuse themselves or exempt themselves from payment.
Not no but F no.
But there is an acceptable middle ground, one that would keep the government accountable(ish): tie the loan interest rate to inflation with CPI rate matching (setting interest in today’s dollars), or CPI-minus rate for early/additional payments.
That will be more ‘free’er money without the major moral hazard of uncle sugar just paying people’s bills for political points.
This will have benefit: get people to understand how dotgov budgets, CPI, policy and market forces effect them. Also could set the conditions where these college
grads“higher edukayshun survivors” understand compounding interest, the importance of paying bills, and most important, how CPI adjustments are a fking lie.If they go thru with this, turds like they will continue to float against the flush and rob the government (aka We) of the dollars these statistically higher-income recipients would pay back to the public trust.
Romans! I ask ye, as long as the chariot races at Circus Maximus don’t stop do we have a right to complain?
There is no such thing as Student Loan Debt Forgiveness…call it what it is…Student Loan Debt Re-allocation. This issue should not even be considered by Congress. The individual made the debt, the individual is responsible for the debt. It is that simple.
Not even trying to hide the grift anymore, are they.
It’s very much like a “government gun buyback program”. You can’t “buy back” a gun you never owned, and you can’t “forgive” a loan you didn’t make. It’s interesting that you don’t see any R’s with student debt (and I’m pretty sure they exist) clamoring for forgiveness.
Shit, we didn’t even get to bang the sorority sisters.
Be careful Hack. There’s at least one sorority sister in Wyoming that’s got a pecker. Court just ruled they can’t throw him out.
Election is on the way. Promise free shit like last time and the sheeple will come.
Feh… pay yer own bills, kids.
If Hack Stone has to pay the tuition for these “college students”, does he have any say in what fields of study they can pursue? After all, Hack Stone is now a shareholder.
How much did these college students spend on going Cancun and Daytona on Spring Break?
Those trips are to relieve stress they don’t know anything about yet.