Showing posts with label school loans. Show all posts
Showing posts with label school loans. Show all posts

Thursday, March 2, 2023

Randi Weingarten loses it over student debt screaming 'That is not fair!'




American Federation of Teachers union president Randi Weingarten almost had a bowel accident during a speech she screamed in front of the U.S. Supreme Court on Tuesday. She disingenuously compared the so called President's student loan giveaway to the COVID-19 small business loans of 2020. The latter were loans given to businesses that were forced to close down while the former are loans students took out to go to school and promised to repay their debt.

Weingarten was screeching at the Student Debt Crisis Center [the 'crisis' is not a crisis for responsible people] in Washington while SCOTUS justices heard challenges to Biden's  student loan debt handout.

The money giveaway would remove $10,000 in federal student loans from those making less than $125,000 a year, or households earning less than $250,000 a year as of 2020 or 2021. and put the debt onto the backs of taxpayers. 

This is analogous to the Left's reparation demands that ask people who had nothing to do with slavery to pay reparations to people who were not slaves simply for being Black.

The plan, which would also give an additional $10,000 in debt cancelation to recipients of Pell Grants. The cost to taxpayers is roughly $400,000,000,000.24 over the next three years, as per the Congressional Budget Office.

Weingarten compared this to the COVID-19 small business loans but this is really like comparing apples to hand grenades.

"If we go to college, and we stay in college, we need to actually make sure that it's affordable – that it doesn't take everything and everything that our families can do," she said. "And so that is why President Biden said we are going to deal with that … and the Secretary of Education has the right to do it."

"And frankly, and this is what really pisses me off," she screamed. "During the pandemic, we understood that small businesses were hurting, and we helped them, and it didn’t go to the Supreme Court to challenge it. Big businesses were hurting, and we helped them, and it didn't go to the Supreme Court to challenge it."

"All of a sudden, when it’s about our students, they challenge it, the corporations challenge it, the student loan lenders challenge it," she continued, screaming and jumping up and down. "That is that not right, that is not fair, and that is what we are fighting as well when we say cancel student debt. This is about the people, and it is about the people's future, and it is about all of your futures."

There is no such thing as cancelling debt--somebody has to pay for it. Obviously, in this case it 's the taxpayers, but if we didn't have to foot the bills, the schools would have to do it, which is untenable and never going to happen. So it's the tax-and-spend mentality of government [yes, even the GOPers do the same, albeit it at a slightly lower level] that puts the debt on the shoulders of the public, even if they didn't go to college or have kids that did.

The Supreme Court will hear a pair of challenges to the student loan debt handout, both of which involve questions about whether the Department of Education was authorized by Congress to advance the rule implementing Biden’s plan and followed the proper regulatory procedures.

If we give the President the ability to cancel school loans, what will stop him from grabbing even more power? It's unconstitutional and rightly so.

And can we get someone to tell Randi Weingarten to close her pie hole?

Wednesday, September 11, 2019

AOC wants you to pay her loan debt

Socialist Rep. Alexandria Ocasio-Cortez (D-NY) owes about $20 thousand in student loans. The loans were taken out by her for her own education [which based on the results, she should demand a refund from the school] and she took the money with the promise to pay it back. Now she wants you, the taxpayer, to pay it for her and for everyone else who made the same promise.

The socialist congresswoman spoke at a hearing at a House Financial Services Committee on Tuesday where she had the audacity to attack the GOP for her situation and that of people with student debt.

“I’m hearing people on this committee say it’s not our job,” the socialist said, referring to Republicans, according to the New York Post. “This is our job.”

No, when you take out a loan for your personal benefit, it's your job to pay it back. It isn't mine or anyone else's job to forgive your debts. Nobody owes you anything.

The committee was discussing how to bring down the estimated $1.5 trillion in student debt owed in the United States.

I have an idea: have those who took out the loan pay it back.

“I literally made a student loan payment while I was sitting here at this chair, and I looked at my balance, and it was $20,237.16,” she whined. “I just made a payment that took me down to $19,000 so I feel really accomplished right now.”

Using a garbage compactor is also an accomplishment for AOC and setting the clock on her microwave.

AOC is one of 70 members of Congress who are still paying off student debt for themselves or a dependent, according to the Post.

In August, President Trump signed an executive order to cancel student loan debts for permanently disabled veterans, which is clearly a different circumstance than that of a rich kid from Yorktown Heights [her family moved from the Bronx when she was five]. Her generous salary comes from taxpayer money but she wants more of the same to pay off her debts. 

That's socialism folks. It's immoral.


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