President Biden stepped up to the podium and explained his new Student Loan Forgiveness Program.
It chokes me up..
the consistent and persistent dedication to 46 and His Administration..
to put into place Good Government that targets ‘ the least of these’.
EVEN IF, he hadn’t announced anything today, I was thrilled about the Student Loan Forgiveness so far.
The disabled.
The swindled, targeted and hustled by scamming for-profit colleges
Looking out for these folks would have been enough.
But, the Pell Grant ‘extra help’….going to those who had the very least when going to college. …
Yeah…that’s President Joe Biden. …and his Administration.
If you need to see the FACT SHEET that the White House put out about this plan:
The income threshold of $125,000 for Individual and $250,000 per couple. That’s very generous.
IF you are still whining after the presentation today of the President’s Program, then you are an OP. You are not a serious person in the least.
In keeping with my campaign promise, my Administration is announcing a plan to give working and middle class families breathing room as they prepare to resume federal student loan payments in January 2023.
I'll have more details this afternoon. pic.twitter.com/kuZNqoMe4I
— President Biden (@POTUS) August 24, 2022
BREAKING: Biden to announce student debt cancelation plan:
• Up to $10,000 canceled for borrowers who earn $125,000/year or less
• Up to $20,000 canceled for Pell Grants recipients
• Payment pause on federal student loans extended through Dec. 31https://t.co/HsNkKL5UhX
— NBC News (@NBCNews) August 24, 2022
Important point – President Biden just said student loan borrowers will have to fill out a form and APPLY for this loan forgiveness. This isn't like the COVID checks that just arrived to your mailbox or bank account.
— Gary Grumbach (@GaryGrumbach) August 24, 2022
Half of all people with student loan debt owe 20k or less.
Biden’s #studentloanforgiveness is going to help a hell of a lot of people and is wider in scope than his campaign promise.
Feel free to use this when the usual suspects try to divide us over a good thing. pic.twitter.com/2SkHPl1BJB
— Steve Marmel (@Marmel) August 24, 2022
No one is talking about this but Biden’s announcement also makes it so that student loan interests won’t grow as long as people are making monthly payment
— Santiago Mayer (@santiagomayer_) August 24, 2022
@Potus just wiped out student loan debt for almost 50% of borrowers. Lowered it significantly for another 25%
— John R (@johnrennhack) August 24, 2022
THREAD
Would it help to put new student loan guidelines/info into one thread to help ppl navigate & get correct information? If you have resources, links & are knowledgeable & able to help/answer basic questions or have questions. Let's drop it down below 👇👇👇👇
— LibbityBibbityBoo (@LibbityBoo) August 24, 2022
72% of Black students received pell grants so this plan disprorprotionately benefits Black borrowers. This definitely has VP's handprints on it. During her campaign she used pell grants as a way to target support for Black folks since you obviously can't use race explicitly. https://t.co/YHKthQsHzk pic.twitter.com/JV7jIXAPM4
— Reecie @BlackWomenViews (@ReecieColbert) August 24, 2022
— 💉💉💉💉 #DemCast Gail Waldby (@GailWaldby) August 24, 2022
This is worth taking a look at: pic.twitter.com/P20vcepBHP
— Bharat Ramamurti (@BharatRamamurti) August 24, 2022
This may not be the "forgive every cent" some activists wanted, but it offers some sort of relief or reform to virtually every category of student debtor, AND takes a stab at reforming the broken institutions that drove high debt in the first place.
It's a very ambitious plan.
— Matthew Chapman (@fawfulfan) August 24, 2022
Biden isn’t just forgiving a set amount of debt. He is also enacting a new policy that ends excess interest on student loans—as long as a borrower pays their minimum monthly payment (now capped at only 5% of their income), their balance will no longer increase.
This is huge.
— No Lie with Brian Tyler Cohen (@NoLieWithBTC) August 24, 2022
For the folks who keep lying about what Biden promised. pic.twitter.com/D1hCjzJ1np
— Mary is a VOTER (@MWJ1231) August 25, 2022
— Tbug 🇺🇦 (@RossTbug) August 24, 2022
REPORTER: Is this unfair to people who paid their student loans or chose not to take out loans?
BIDEN: Is it fair to people who, in fact, do not own multi-billion-dollar businesses if they see one of these guys getting all the tax breaks? Is that fair? What do you think? pic.twitter.com/HA9LzLBMSC
— JM Rieger (@RiegerReport) August 24, 2022
President Biden cut out most student loans from Black & Brown loan holders so now how will the dudebros use minorities for student loan forgiveness? I see what you did there Uncle Joe. 👀👍🏾👊🏾
— Blue Blooded Dem-Fighting Ready in the Double ✌🏾✌ (@blewis823) August 24, 2022
This is the proper reaction when you get $10,000 of your student debt forgiveness. It's called: pic.twitter.com/99Jv70hSb2
— Start Each Day With A Grateful Heart (@mpierrelouis1) August 24, 2022
So let me get this straight? $10K STUDENT LOAN FORGIVENESS FOR FOLKS MAKING $125K OR LESS.
$20K STUDENT LOAN FORGIVENESS FOR FOLKS WHO WERE ON PELL GRANTS. Need based, data driven, OVER DELIVERED on his promise!— Brian Baez (@MentallyDivine) August 24, 2022
— Timmy Turner (@fairlyodd922) August 24, 2022
I'm at happy hour.
Someone just said, "If I'm reading this right, Joe Biden is canceling $10k of my student loans! This round's on me!"
That's how normal people are reacting.
Biden's got this. Fuck Bernie.
— Silent Amuse (@SilentAmuse) August 24, 2022
if you have a problem with the student loan cancellation because you already paid off your loans, just pretend its a tax cut for the rich that you also never got but mysteriously didn't complain about.
— Katelyn Burns (@transscribe) August 24, 2022
Common question: will student debt relief be considered income and subject to federal income tax?
Answer: No — thanks to a measure Democrats included in the American Rescue Plan last year.
— Bharat Ramamurti (@BharatRamamurti) August 24, 2022
REAL LIFE CONSEQUENCES!!
I don’t think y’all understand. ONLY my student loans stood in the way of buying a house this year. Great credit, decent income, high DTI 😭😭😭 https://t.co/HWrDBuTdDn
— meggo (@KnowItAllDoll) August 24, 2022
TELL IT KENNY!
FCK YOUR STUDENT LOANS THEN if you’re going to threaten me by not Voting 🗳 pic.twitter.com/BmlMqcKcZd
— 2RawTooReal (@2RawTooReal) August 23, 2022
Seems to me that the world owes Madame Vice President Kamala Harris another apology! Also student loan debt cancellation wasn’t via an executive order. Again if you want ALL student loan debt wiped out it has to be an act of Congress & I’m looking at you Elizabeth Warren pic.twitter.com/yXWcZjcfb4
— 2RawTooReal (@2RawTooReal) August 25, 2022
uh huh
uh huh
🐝⚖️ Mary Peltola for AK-01 (@Needle_of_Arya) tweeted at 7:20 AM on Fri, Aug 26, 2022:
Bernie populism has a small percentage of white Zoomer & younger Millennial LGBTQ feeling their white-people confidence so strongly that they feel motivated to talk trash to Black people here on Twitter.
I have to keep reminding them at the fascists will target them next.
🐝⚖️ Mary Peltola for AK-01 (@Needle_of_Arya) tweeted at 7:28 AM on Fri, Aug 26, 2022:
The bigoted group “Moms for Liberty” has a very large Millennial contingent, and twentysomething LGBTQ will find to their horror how many of their young cishet white counterparts wanna go back to a bad old 20th century that none of them have ever seen, but can only dare imagine.
(https://twitter.com/Needle_of_Arya/status/1563141226807066624?t=-0ZCfcOtkYJs9CDBsiOAlQ&s=03)
Leslie Streeter (@LeslieStreeter) tweeted at 8:09 AM on Fri, Aug 26, 2022:
Black Americans paid taxes during segregation for pools they weren’t allowed to swim in, fountains they couldn’t drink from and buses they had to ride in the back of. So…miss me with this “Why am I paying for school I didn’t go to?” At least this is about uplift, not hate.
(https://twitter.com/LeslieStreeter/status/1563151653192159232?t=PWQrVlNpubbxoPDkZ0Ue0w&s=03)
It was only a matter of time before the astroturf ‘influencers’ and the ‘allies’ driving the ‘hive/squad’ digital ‘armies’ turned on each other.. tearing each other apart in the very same public space they’ve used to tear down and take out perceived competition to their ‘faves’ ..and perceived common ‘enemies’ ..
Everyone trying to out-hustle and out-‘stan’ the other..
It was always a glaringly sad racket ..set up to inorganically force-feed the masses ho-hum faves that can’t cut it on their own.. and clearly, still can’t seem to cut it even with the endless raucous fights and gaslighting on their behalf by the astroturf ‘influencers’ assembled and sent out to ‘hype’, ‘amplify’ and most of all, to shut down and strong-arm folks into submission..
Most thinking people see right through all this crap..
And the off-the-charts toxicity, dysfunction, messiness, pedestrian attempts at gaslighting, manipulation and exploitation by every last one of these folks and the ‘army/hive/squad’ they are part of, incredibly toxic and beyond cringe..
And the long-term damage they’ve done in their short-term, and shortsighted attempts at ‘boosting’ and propping up their lame faves, cannot be overstated..
‘Saving grace’ has to be that the right-wingers have completely gone off the rails..
https://twitter.com/Alllwftopic/status/1562838625577889794?s=20&t=YRGtk3be9ruppOI44QFH5g
“…For most of these raucous so-called ‘influencers’, this is also really about their own hustle.. it’s all about riding in on their fave’s adjacency to the president, nabbing a future White House gig, or at a minimum, being on the cocktail list.. access.. it’s really all about their own hustle, self-aggrandizement..
This has precious little to do with looking out for poor folks or black folks.. or, that much bandied about ‘representation’..
That dubiously aggrandizing hustle is already playing out on the smaller gigs circuit..”
https://3chicspolitico.com/2020/08/10/open-thread-what-we-can-do-as-a-society/#comment-886657
Uh huh
Uh huh 😡😡😡
Tim Scott 🙄🙄🙄
Ragnarok Lobster (@eclecticbrotha) tweeted at 1:57 PM on Wed, Aug 24, 2022:
Didn’t say a mumbling word when Massah Trump gave away $2 trillion to his white billionaire donors under the #GOPTaxScam.
Starts crying like a baby when Dark Brandon cancels up to $20K in student loans for people making less than $125,000 a year.
(https://twitter.com/eclecticbrotha/status/1562514419271475200?t=fByCxpsxs87tFi_k3-3yqw&s=03)
Great answer and on point
Kenny BooYah! 🖖🏾 (@KwikWarren) tweeted at 3:42 PM on Wed, Aug 24, 2022:
How did a criminal, immoral shitweasel like donald trump scam his way into being worshiped—even deified—by millions and millions of poor&middle class Americans?! Many of whom are our friends, neighbors, co-workers and family members…who we thought had good got damn sense! https://t.co/y2VNk1B4ly
Lauri Smalls (@LauriSmalls) tweeted at 6:34 AM on Thu, Aug 25, 2022:
I am convinced they worship him because his actions represent everything they wish they could do. Lie cheat steal with impunity. You worship what you want to emulate
(https://twitter.com/LauriSmalls/status/1562765291452452865?t=XI75QFMJpv8t1FL2rhsnJg&s=03)
Lest we forget..
“..Former President Bill Clinton called Donald Trump around the time the businessman was making a final decision about jumping into the 2016 Republican presidential race, The Washington Post reports.
Trump spoke with Clinton from his office in New York, and the former president encouraged the celebrity real estate developer to play a larger role in the GOP, four Trump allies told the Post.
While the call was one of “many” the pair have had over the years, the Post said, it reportedly came weeks after Hillary Clinton declared her own White House, becoming the Democratic frontrunner.
“Mr. Trump reached out to President Clinton a few times. President Clinton returned his call in late May,” an employee for Bill Clinton told the Post.
“While we don’t make it a practice to discuss the president’s private conversations, we can tell you that the presidential race was not discussed.”
A spokeswoman for Trump’s campaign declined to comment for the Post report, and Hillary Clinton’s campaign did not immediately offer a statement for it.
Some Republicans have voiced frustration with Trump entering the GOP race, noting his previous associations with the Clintons and donations to the Clinton Foundation, which have come under fire..”
https://thehill.com/blogs/ballot-box/gop-presidential-primary/250356-report-bill-clinton-called-trump-ahead-of-campaign/
From August 6, 2015 at 7:34 pm..
One never knows what to believe when megalomaniacs collide – even on supposedly ‘friendly’ terms…
It’s fair to say that the Trump/Clinton alliance has always been of the mercenary sort…There’s always been something to be gained materially for both sides…
I don’t believe for one minute that Trump would ‘voluntarily’ act as a troll for, nor run interference on behalf of the Clintons…His ego is too ‘huge’ for that..
Clinton probably thought he could tweak Trump’s well-documented ego, and egg him on to throw his hat in (and without letting on to Trump, hope that Trump served to disrupt the GOP and set the stage for Hillary)…While Trump was probably looking to boost his ‘political’ bona fides /’savvy’ with his Clinton ‘connection’…
What I don’t think Bill foresaw, was a situation where Trump would not only become the front-runner – and having lost his t.v show and ruined business relationships, decide to actually go all out for the prize, and even begin to attack and discredit Hillary to stay ahead of the pack…
Whatever the deal here, dubious alliances such as these always come back to bite the participants – and worse, implode all around them…
It’s like entering into a deal with the devil; except in this case both are reflective of the devil..
And if we think the Clintons are vindictive and messy, Trump is just as bad… And truth be told, has so much less to lose…Bill Clinton needs to retain a semblance of faux-decency to continue to garner attention and rake in speaking fees and other monies in his role as former president and ‘statesman’ – and for his foundation…Trump has no such encumbrances…
https://3chicspolitico.com/2015/08/06/thursday-open-thread-jill-scott-week/#comment-412227
More good news👏🏾👏🏾👏🏾
Reecie @BlackWomenViews (@ReecieColbert) tweeted at 11:16 PM on Wed, Aug 24, 2022:
PS- I reviewed the transcript of the WH press call I participated in so I can confirm Parent PLUS loans held by the Ed Dept are included in the cancellation policy, another area disproportionately impacting Black households. This cancelation has a multi-generational impact. https://t.co/KGwtHGAjhZ
(https://twitter.com/ReecieColbert/status/1562655231602995200?t=9flwgZfoE2rJQDmFJmD1pw&s=03)
Lindy Li (@lindyli) tweeted at 7:49 PM on Wed, Aug 24, 2022:
Forgiven PPP loans
Marjorie Taylor Greene: $183,504
Boebert: $233,305
Catholic Church: $3.5 billion
Joel Osteen: $4.4 million
Tom Brady: $960,855
GOP should slink away in shame for attacking Biden for forgiving $10,000 of student debt
But they won’t cuz they have no shame
(https://twitter.com/lindyli/status/1562603126539948037?t=zTe7nflZd9GpOtLPvaCZ8Q&s=03)
No Lie with Brian Tyler Cohen (@NoLieWithBTC) tweeted at 1:58 PM on Wed, Aug 24, 2022:
90 PERCENT of the benefits of Biden’s student loan forgiveness plan go to those making under $75,000. These are the working class Americans that Republicans are mad are getting some relief.
(https://twitter.com/NoLieWithBTC/status/1562514645566361600?t=6jnGn824Mtmsg__oKlfWMg&s=03)
No difference between the parties?
really?
No Lie with Brian Tyler Cohen (@NoLieWithBTC) tweeted at 5:57 PM on Wed, Aug 24, 2022:
~90 percent of Biden’s student loan forgiveness is going to those making under $75K.
By contrast, only 15 percent of Republicans’ tax handouts went to those making under $75K.
(https://twitter.com/NoLieWithBTC/status/1562574968827039744?t=B2QkGPp7gtT9ceVhGP8rbQ&s=03)
Jeff Stein (@JStein_WaPo) tweeted at 2:00 PM on Wed, Aug 24, 2022:
Biden says the Education Department will in the coming weeks release a “short and simple” form for borrowers to apply for student loan relief of $10K (& $20K for Pell Grant recipients)
(https://twitter.com/JStein_WaPo/status/1562515200351555585?t=GOvQFy1f_GcPmUSssW8jTA&s=03)
CLAP CLAP CLAP
Building Back Together (@BuildingBack_US) tweeted at 8:21 AM on Thu, Aug 25, 2022:
NEW AD: Before @POTUS took office, almost 3.9 million Black Americans were uninsured. Now the insured rate has reached historic highs.
The Inflation Reduction Act protects this coverage, ensuring over half a million more Black Americans have the affordable health care they need. https://t.co/z4bqh8bDvG
(https://twitter.com/BuildingBack_US/status/1562792319299907584?t=vWw50HTFdRhgmYunP7p2fw&s=03)
Excellent thread
Anna Gifty is happy for her debt free friends! (@itsafronomics) tweeted at 8:02 AM on Thu, Aug 25, 2022:
Yes, perspective matters, but the question is WHOSE perspective matters and why?
It is interesting how minority and/or first gen economists and policymakers are all for #CancelStudentDebt while their White counterparts are not. Interesting and not surprising.
Anna Gifty is happy for her debt free friends! (@itsafronomics) tweeted at 8:06 AM on Thu, Aug 25, 2022:
If you have not been burdened by student debt or know someone who feels that pressure, saying “what about the markets?” is incredibly elite. I’m sorry.
What about the markets? What about rent? groceries? buying a home? What about this livelihood? I want people to EMPATHIZE HERE! https://t.co/EzWOmrsNrT
(https://twitter.com/itsafronomics/status/1562788592719523842?t=Hjc9ebG3kiEhHE4x6Rgz8Q&s=03)
Trevor Burns (@BurnsieMN) tweeted at 2:03 PM on Wed, Aug 24, 2022:
The 10k is nice. But the repayment caps are huge game changers. 5% of income, 20 years of payments max.
Way to go Joe.
(https://twitter.com/BurnsieMN/status/1562515925731274754?s=02)
Good Morning, Everyone😊😊😊