“You can’t forgive that much debt and assume people won’t spend the money for other things – it’s gonna take $24bn that should have been coming into the federal government every year in payments and make that available for spending,” Senator Roy Blunt, a retiring Republican from Missouri, said on This Week.some congressional critics of the plan by pointing out that the members themselves had benefitted recently from loan forgiveness.
Using its official Twitter account, the White House highlighted six Republican members of Congress who had between hundreds of thousands and millions of dollars forgiven in loans from the Paycheck Protection Program, a government relief program designed to stimulate the economy during the Covid-19 pandemic.
Australia doesn't care, Australian Guardian.
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‘Paying off the privileged’: Biden’s student debt cancellation plan about ‘buying’ votesThe Democrats are trying to buy their way into office by paying off the privileged with working class taxpayer's money, Sky News host James Morrow says. President Joe Biden said on Wednesday the US government will cancel $10,000 in student loans for millions of debt-saddled former college students. 'That's right, whether you're an unemployable gender studies grad or working as a junior associate after a stint at Yale Law, you're $20,000 ahead,' Mr Morrow said. 'The cost to ordinary Americans? Up to $2,000 per head. 'Money which will presumably be collected by Joe Biden's new, expanded, more aggressive IRS. 'Whether it's Trump or DeSantis in 2024 doesn't matter at this stage – the Democrats have just given the Republicans an issue they can run on for a decade.' Would that be because the privileged don't pay tax? 🤷♂️ James Morrow. LOL says the Republican party that literally handed out trillions of benefits to mates !!!
Source: SkyNewsAust - 🏆 7. / 78 Read more »