Forgiving student loans

The real amount it will cost

President Biden has been saying that “forgiving student” loans will only cost 300 billion. That’s a lie. Plain and simple. All/most of the Democrats have been saying the same thing, plus how it would help our economy, help those who don’t want to pay their debts, but instead expect others to pay them for them.

Most democrats say, they can then “get on with” their lives, what happened to paying these loans while this has been dragging on for 3 years? They could have.

But back to the “real cost” of this. I’ll let you read the link from Penn Wharton University of Pennsylvania. They spell it out in detail how it “actually” cost $1 Trillion. Half of that amount, about $519 billion will shouldered by 75% of those making $88,000 or less.

This link I’m about to give you is a “must read” for everyone who believes what comes out of Biden’s mouth is Gospel, and everyone else. But I can see the writing on the wall. if they do pass this, who doesn’t think they’ll try again to get more money to repay the total amounts? I sure do. Now the Link.

https://budgetmodel.wharton.upenn.edu/issues/2022/8/26/biden-student-loan-forgiveness

In closing, let me just say, that if you accrue debt, it’s your responsibility and only yours to pay that debt off. It’s not someone else’s responsibility. Going in, you knew you were going to have debt, but now you want us to pay for your debt? Sorry, no can do. It’s you.

God Bless

G