OPINION: Joe Biden has put more debt on the back of America than any of his predecessors. We will drown in it and Democrats will get what they want, a prostrate America.
FNC: “Reacting to the new Biden administration student loan handout plan — which has elicited an array of comments — one New Jersey human resources professional who paid off over $30,000 of student loan debt by scrimping and saving for years told Fox News Digital, “A loan is a loan.”
President Biden last week announced a student loan handout program that essentially will use taxpayer money to pay off up to $10,000 of student debt per borrower for those making less than $125,000 per year.”
Stimulus checks weren't free.
Student loan forgiveness won't be free.
8.5% inflation proves this.
— Lance Gooden (@Lancegooden) August 26, 2022 [1]
“I didn’t count on the government or anyone else to pay that money back for me…I am no economics or financial person — I am a public citizen,” the NJ professional said.
“It was my financial responsibility to pay that money back. That’s how I looked at it. I didn’t count on the government or anyone else to pay that money back for me. It was my personal responsibility and my financial responsibility to pay it off,” she said, “and I did what I had to do to pay if off.”
Honestly, it looks like to me — after I did the responsible thing and worked hard to pay it off — that today [with the handout plan], people are getting rewarded for doing the least amount.
“I was paying way over the minimum amoun. I saw what the interest rates were, and I did a breakdown,” she said.
She said she sees that “this loan forgiveness plan is helping people during this period of time. But it’s just a Band-Aid. If you think about it, kids everywhere who are starting their semesters of college will still have debt. They’re going to have that debt regardless” of the Biden forgiveness handout.”
Certain people are having $10,000 forgiven. Others are getting $20,000 forgiven. Yet, instead of this Band-Aid, why don’t they systematically fix the problem of high college costs?
“What would be the difference in forgiving this $10,000 now — or lowering the cost of tuition by $10,000?” she said. “When I was first hired out of college, I was making under $50,000 a year.
“So that salary, plus the financial steps I had to take to pay that loan back — I cut down on whatever extracurriculars I didn’t need. I still live at home. And now I’m able to save, because I paid that debt off in about three years, while still paying my other bills.”
One Maryland taxpayer said, “I joined the Army and that led to leaving college without debt. Now I have to pay for some civilian who might make more than I do because Joe Biden wants the parasite vote? That is messed up.”
This piece was written by David Kamioner on August 29, 2022. It originally appeared in LifeZette [2] and is used by permission.