If Democrats lose this fall, repulsion with “dirty politics” may be the cause – more than inflation, crime, drug deaths, open borders, Afghanistan, China, and arrogance. They corrupted the 2016 campaign – we now know from the recent trial – feeding false stories to the FBI, allowed corrupt FBI leaders and media to push a two-year investigation, pushed lawless impeachments (no due process), and allowed a vice president to ink deals with China and Ukraine, and now have raided Trump’s home.
But sometimes a pebble tips the balance, creates the avalanche. That pebble – if the avalanche is not already in motion – may be the student loan forgiveness vote buying scheme. Hint: People know.
At a time when Democrats spent $3 trillion over normal spending, inflation doubled in 20 months (gas up $1.98 to $3.88), homicides hit records as police get down-funded, two million illegals in since early 2021, 100,000 allies left to die in Afghanistan, and fossil energy being shut down, people are mad.
Now, Democrats have the gall to hit America’s struggling middle class – which suffered bankruptcies and layoffs from COVID shutdowns, is barely making it with new inflation, h interest, discrimination for refusing vaccines, attacks on their religion, and who hate Marxism and racism in schools. They are in no mood for more taxes – to pay for $300,000,000,000 in “free money” – some say $500 billion – for those earning up to $125,0000. The idea is outrageous, another abuse of power.
Money does not grow on trees. It comes from somewhere. Where does it come from? Working Americans, the private sector, the job and wealth creators, NOT Government, not Congress, not a failing former US Senator who earned $29 million dollars from working Americans – now president. As Governor DeSantis notes, mass loan forgiveness misunderstands the issue.
So, what is the issue with massive student loan forgiveness? Just this: The money does not exist. Moreover, personal debts – assumed in good faith, rewarded by education – should be repaid. That is how debt works – with honor. The nation has $30 trillion in debt, and giveaways push dependence.
It is worse. Working Americans have other debts, medical bills, mortgages, home equity loans, business and car loans, credit cards, and like. Political giveaways burden people in debt with more votes!
Getting down to brass tacks, this is not the Federal Government’s money to give away. Democrats are trying to right their sinking political ship. People know. They see Democrats trying to buy votes as midterm polls tip against them. How? With your money. Even many younger people resent the pitch.
This is nothing more than another shameless “Rube Goldberg” or “kiting” scheme, giveaways now to a few for seats in Congress, to be paid by a duped middle class who then pays for the giveaways. The idea has even been called illegal by some Democrats, although – with polls down – no one objects now.
The idea is to give out money now and tax later – adding administrative costs, or federal skimming. To make matters worse – more transparently offensive – as these middle-class taxes rise, along with inflation, unemployment, interest rates, and insecurity – Democrats hire 87,000 new (armed) IRS agents. Can you think of a more scary, anti-free market, anti-freedom, anti-American plan?
So, here is what this brilliant “student loan forgiveness” plan – forgets. Americans are not fools, even young Americans. They know the game. They know this is another abuse of power. They are sick of it. Polls show their view of Biden.
Beyond recent graduates, an estimated 70 percent of those who finished college have debt, and for more than 60 years, they have paid it off. With two million college degrees conferred annually and student loans back to 1965, 130 million Americans took out loans, and paid them back. Think what this means.
When Biden says, “Free money, come get it, vote for me,” the unspoken is this: “Sorry, the rest of you missed the boat, foolishly paid your loans, now have others to pay, but YOU are now paying for this.” Are we fools?
If you were looking for just the right pebble to tip the balance, really tick off Americans, assure an avalanche, you could not find a better one than socking it to average people, forcing on them more debt to pay for a cynical scheme to buying young votes. Most Americans detest this kind of crass, classless chicanery, and we have a name for it, dirty politics.
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It is my understanding that when a debt is forgiven, the IRS looks at it as INCOME to the person receiving the “forgiveness” in the year they receive that forgiveness. Sure going to be a BIG SHOCK next April 15th when these folks go to file their taxes. SURPRISE! Every one of them will have to come up with several thousands of dollars more to pay their tax bills.
So, in the meantime, everyone receiving student debt forgiveness should just bend over, grab their heels, and hold their breath, and just wait for President Buydung to slip them all a wimpy noodle!
Reply to Ed J…I agreed with you until the last paragraph, you should have omitted that comment.
Why do negative comments always sink to street vulgarity? It negates your intelligent statement about the tax surprise.
The opening sentence: “If Democrats lose this fall” is so stupid! . . . Why would they lose? . . . Name 1 Republican candidate or serving Representative or Senator who are calling these so-called Democrats what they REALLY ARE? . . . COMMUNISTS!
if you wait to speak truth about what you see you are letting the commies lead. GREAT VOICE, RIK! KEEP LEADING AND SPEAKING UP!!
The deceptive backdrop of forgiving student debt is not just catering to provide fiscal relief to the students so involved. The schools (Colleges, etc.) have made out like bandits financially. The whole scheme amounts to paying off institutions … especially ones that know they are expected to give some level of political backing/support to the Liberal Learning DemocRat Party to max their power and influence in further ingraining Communism as a displacement to a Constitutional Democracy is a disguised way. Wake up!!!! It is the learning insitutions and and staffs/personnel that are the brig profiters from the giveaway to student loans.
To top it off, it’s an unconstitutional move by the President. Via our Constitution, we the people grant Congress the power to make federal spending decisions, not the President. Any law which opposes our Constitution is unconstitutional. Period. So, Biden may have the right to modify payment plans, but no matter what Bush signed into law, Biden does NOT have the right to use our tax money to forgive student loans. Constitutional lawyers are weighing in and I’m hopeful they’re strong enough to push this to the Supreme Court.
As your article states “people are mad”. Sadly people are not responding to their representatives. For the last 20 years they have buried their heads in the ground and do not hold their useless elected representatives accountable. How many times do you read where they have sent letters to these useless individuals saying we will hold you accountable. They continue to take polls. Because taking Poles requires them to not take any action other than make a check mark So sadly we continue to become a herd of sheeple and politicians know that.
Right, look at how the people of Massachusetts buried their head in the sand for decades over Teddy Kennedy, IF any of us had done what he did, we would be in prison! Not him, they kept him in there for 40 years after he left a woman in his submerged car to die!
Great article!
This guy sure is wasteful with the taxpayers money! Of course when it’s someone else’s money it is easy to do that. This terrible move should wake taxpayer citizens up that this guy has a “pen and a phone.” Doesn’t that sound familiar?
A whole lot of American taxpayers are comatose at this point. Biden and the Democrats have already rammed through $5 trillion dollars in wasteful spending in just 20 months. All of it to be paid for by the soon to be greatly impoverished middle class. Yet amazingly, the American people remain quite docile. If the American people haven’t woken up by now, they aren’t going to wake up any time soon. It’s amazing the degree of abuse and theft by governmental officials that the American people are willing to tolerate with no significant response.
….but what about election fraud; fix that and all the rest of this is no problem.
Socialism at its best.
PaulE, the American people, who actually pay Federal taxes, understand what the critters in Washington, D.C. are doing. According to reports several years ago, 47% of the wage earners pay no Federal taxes. This figure does not include those unemployed people who receive some sort of welfare support.
Then there are the mentally defective liberals, Illegal aliens who have driver’s licenses and the dead voters. The majority of Black people and the Jews also predictably vote for the Democrat candidates. All of these Democrat base voters seem to lack the cognizance, and/or civic responsibility to wake from their “comatose” stupor.
The majority of the voters engage in exactly what the Founding Fathers feared, i.e. that they vote for government giveaway programs. The voters who actually earn their own way and still vote for the Democrats, seem to have a genetic predisposition to socialism.
This is the thing, most of the citizens who pay taxes do not have the necessary numbers to elect fiscally conservative representatives. This is the salient reason that Karl Marx’s socialism did not die on the vine in 1848. People vote for “government money”.
It’s actually a mystery how America survived so long considering that human beings are so enamored with the seven sins of mankind, especially the sins of greed, envy and sloth.
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