Afghanistan war veteran and Fox News contributor Johnny “Joey” Jones shared his version of criticism regarding Joe Biden’s proposed plan to cancel portions of student loan debts being harbored by individuals falling below a certain income level, remarking on how he literally lost his legs while serving his country in order to pay for school.
On August 24th, the White House issued a “Fact Sheet” pertaining to President Biden’s proposed plan regarding student loan debt cancellation, which summarizes the effort as, “A three-part plan delivers on President Biden’s promise to cancel $10,000 of student debt for low- to middle-income borrowers.”
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According to the plan, the general relief aspect would afford up to $20,000 in canceled debt for Pell Grant recipients and up to $10,000 in canceled debt for non-Pell Grant recipients, so long as “their individual income is less than $125,000 ($250,000 for married couples).”
Per the White House’s release on the plan, the rationale for this endeavor is due to the “crushing” effects of harboring debt, highlighting how “the typical undergraduate student with loans now graduates with nearly $25,000 in debt,” and framing said debt as being somehow insurmountable.
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For the sake of context, the average price of a new vehicle per Kelley Blue Book is just over $48,000, and yet people are remarkably able to have those vehicle loans fully paid off on average between 60 and 72 months. Additionally, despite vehicle and student loans having near-synonymous interest rates, the default rate of students loans (10.8% of all loans in the first year) is over five times as high as vehicle loans (about 2%).
Needless to say, this proposal on canceling debt willfully taken on has caused quite the stir among segments of the population who’ve either managed to pay off their student loans via commonsense financial responsibility or people who never even went to college.
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During an August 24th press conference, a reporter directly asked Biden, “Is this unfair to people who paid their student loans or chose not to take out loans?”
The president’s response to the aforementioned was to compare tax breaks received by companies – as in, the government not taking money from them – to canceling debt accrued by people who willingly accepted a sum of cash under specified repayment terms.
“Is it fair to people who, in fact, do not own multi-billion dollar businesses? See how these guys give them all a tax break. Is that fair? What do you think?”
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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!”
Jones had unfortunately lost both of his legs, as well as suffered severe injuries to his arm and wrists, back in 2010 while serving in Afghanistan as an Explosive Ordnance Disposal (EOD/Bomb) technician.
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Piglosi said recently the president does not have the power to make such fundage request moves. Yet here comes senile joey doing it unconstitutionally again , meanwhile piglosi cheers the usurpation of congressional power here and just barks like a circus seal flapping her flippers…again. The hypocrisy and fraud in the current US admin is off the charts. Least transparent ever !.
Can you find a better example of vote buying right before an election?
All this controversy about 200 billion in student loan relief, but no problem sending 4 times that amount to support the sham Ukraine war.
The very thought of the Government cancelling my student loans never even occurred to me in the 1970’s, early 80’s. I went to work – and law school at night – and slowly paid them off. Ya’ know, like I agreed to when I took the loan! Nor did I think to borrow money for my kids’ tuition when I could (barely) afford to pay it, but if I had I would have not expected any sort of “exit ramp” from that voluntarily taken obligation.
Now I see that such personal responsibility is so out of fashion that I never should have paid off my mortgage, or car loans over the years or paid off my credit card balances each month! What a sucker I’ve been for maintaining a sense of personal responsibility and fulfilling my obligations … I guess younger folks are being taught a very different lesson these days. I can’t wait to see what comes next …