Maybe the cat got her tongue or she’s suffering from long COVID (sarcasm).
Whatever the reason, Jill Biden had a hard time explaining her husband’s plan to eliminate student debt.
During a meeting with education secretary Miguel Cardona, Jill Biden was asked by a Daily Mail reporter how Biden’s student loan scam holds colleges and university’s accountable.
The First Lady was obviously caught off guard bumbling and fumbling in her response.
“He said he was going to have loan forgiveness during the campaign,” she stated. “I heard him say it over and over again and he followed up on his promise and he kept to it.”
A reporter asks Jill Biden how the President’s student loan forgiveness program helps bring down the cost of higher education:
“Well, he said he was going to have loan forgiveness during the campaign … and he followed up on his promise and kept true to it.” pic.twitter.com/9Q47OHt7DQ
— The Post Millennial (@TPostMillennial) August 31, 2022
To add insult to injury, Joe walks into the room and says, “Whatever she says, I agree with.”
Joe Biden walks in on First Lady Jill Biden’s meeting with Secs. Walsh and Cardona: “Whatever she says, I agree with.”pic.twitter.com/xoqNseJOAK
— Daily Wire (@realDailyWire) August 31, 2022
Recently, Fortune magazine wrote a piece revealing a “gaint loophole in Biden’s student-debt relief” that will cause college tuition to skyrocket.
From Fortune magazine:
Under the Biden administration’s student loan forgiveness plan, IDR [income-driven repayment] borrowers will now pay just 5% of their income for undergraduate loans and 10% for postgraduate loans for a period of 10 or 20 years, depending on how much is owed. The plan will also increase the amount of income that isn’t subject to the IDR from 150% above the poverty line to 225% and eliminate any accrual of interest under the plans.
The issue here is incentives. The IDR plan makes it so that no matter the loan amount, student borrowers make the same payments—5% or 10% of their postgraduation income annually for a period of 10 or 20 years—thereby incentivizing students to borrow as much money as possible, critics say. This, in turn, incentivizes universities to charge as much as they can because they aren’t worried about borrowers being unable to make their payments.
There is no plan and Joe is beholden to big Academia.
