Friday, August 26, 2022

Biden’s Lawless Student-Debt Plan Could Cost over $1 Trillion, Penn-Wharton Study Finds

 


National Review  "An eye-popping analysis just released by Penn-Wharton:

President Biden’s new student loan forgiveness plan includes three major components. We estimate that debt cancellation alone will cost up to $519 billion, with about 75% of the benefit accruing to households making $88,000 or less. Loan forbearance will cost another $16 billion. The new income-driven repayment (IDR) program would cost another $70 billion, increasing the total plan cost to $605 billion under strict “static” assumptions. However, depending on future IDR program details to be released and potential behavioral (i.e., “non-static”) changes, total plan costs could exceed $1 trillion.

"A trillion dollars is an enormous sum of money — it’s more than $6,000 per taxpayer.". . .


Fox News contributor Jones took to Twitter on August 24th regarding Biden’s proposed debt cancellation effort, writing, “I cannot believe I gave two legs for my tuition. What a dope I am. Ooh-rah!”

Is This the Backstabber Behind the Mar-a-Lago Raid?


 Is This the Backstabber Behind the Mar-a-Lago Raid? – PJ Media   "We are at a point in history where the Deep State can blatantly raid the home of the next likely Republican presidential nominee and possibly get away with it. How in the hell did we get here?

"For one, ‘nad-free GOPers don’t raise hell when all hell needs to be raised. We know that Hunter Biden’s laptop was chock full of information evidence that the Biden crime family has been on the take for years. Where were the angry Republicans and their pitchforks? At best, we saw a few of them “demanding answers” when the news cameras were rolling, but otherwise, it’s cricket-city from the people we voted into office.

"If then-president Trump had ordered the FBI to raid the home of Joe Biden over Hunter’s laptop (which would have totally made sense), the Democrats would have exploded. I have my suspicions that our side is afraid to throw down the way the Democrats are happy to do.

"Biden wasn’t afraid to raid Trump’s house because he knew he could do so without facing backlash.

"Now, we may know the reason, or rather the person, behind the raid at Mar-a-Lago: the acting archivist of the United States, Debra Steidel Wall.

"Trump’s lawyers claim they were happy to oblige the National Archives’ request for documents from Mar-a-Lago, but that wasn’t enough for Wall. In a May 10 letter to Trump lawyer Evan Corcoran, Wall wrote the following in regard to Corcoran’s completely legal and understandable question of “protective assertion of executive privilege”: . .

Updated Info: Biden White House facilitated DOJ’s criminal probe against Trump, scuttled privilege claims: memos

Wall

. . ."In the May 10 letter, Wall rejected that claim, writing that Supreme Court precedent “strongly suggests that a former President may not successfully assert executive privilege ‘against the very Executive Branch in whose name the privilege is invoked.’”

Wall added that the Justice Department “has advised me that there is no precedent for an assertion of executive privilege by a former President against an incumbent President to prevent the latter from obtaining … Presidential records belonging to the Federal Government where ‘such records contain information that is needed for the conduct of current business of the incumbent President’s office and that is not otherwise available.’”

“I have therefore decided not to honor the former President’s ‘protective’ claim of privilege,” Wall wrote, after making clear that her letter bore Biden’s imprimatur: “The Counsel to the President has informed me that, in light of the particular circumstances presented here, President Biden defers to my determination, in consultation with the Assistant Attorney General for the Office of Legal Counsel, regarding whether or not I should uphold the former President’s purported ‘protective assertion of executive privilege.’”

What Would the Devil Have to Do Today to Destroy America?

 

As President Obama used to say of his clownish vice president: "Don't underestimate Joe's ability to f*** things up."

Which brings us to Joe Biden's student loan debt forgiveness rollout, announced this week.

Let's set aside the issue of the legality of the matter.

The actual execution of the matter is Joe in Action.

According to Axios:. . .


What Would the Devil Have to Do Today to Destroy America?

Is Biden even able to bail out student loans?   "As almost everyone has heard, Biden announced his plan to spend $360 billion to forgive student loans for up to 43 million Americans.  Groups estimate that the actual cost may be $440 to $600 billion, but who's counting?". . .