{"id":1621013,"date":"2022-08-25T17:49:35","date_gmt":"2022-08-25T21:49:35","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1621013"},"modified":"2022-08-25T17:50:23","modified_gmt":"2022-08-25T21:50:23","slug":"after-destroying-your-livelihood-with-covid-mandates-biden-wants-you-subsidizing-rich-college-grads","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/after-destroying-your-livelihood-with-covid-mandates-biden-wants-you-subsidizing-rich-college-grads\/","title":{"rendered":"After Destroying Your Livelihood With Covid Mandates, Biden Wants You Subsidizing Rich College Grads"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fafter-destroying-your-livelihood-with-covid-mandates-biden-wants-you-subsidizing-rich-college-grads%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1621013&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>President Joe Biden announced plans to illegally transfer student loan debt from existing borrowers to the rest of the American public on Wednesday, marking the latest <a href=\"https:\/\/thefederalist.com\/2022\/08\/24\/bidens-student-loan-forgiveness-is-an-unjust-cynical-abuse-of-power\/\" target=\"_blank\" rel=\"noreferrer noopener\">abuse of executive power<\/a> by America\u2019s commander-in-chief. <\/p>\n<p>\u201cIn 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,\u201d Biden said in a <a href=\"https:\/\/twitter.com\/POTUS\/status\/1562462774969581570\" target=\"_blank\" rel=\"noreferrer noopener\">tweet<\/a> likely posted by a White House staffer.<\/p>\n<p>As described in the graphic accompanying the tweet, the administration plans to \u201cforgive\u201d up to $20,000 for individuals who attended college on Pell Grants and $10,000 for those who did not receive such a grant. While the new loan \u201cforgiveness\u201d plan only applies to individuals making less than $125,000 a year \u2014 a cap which means little, considering plenty of college graduates make less than six figures upon graduation but have a wealthy trajectory \u2014 the administration also plans to extend the current pause on student loan repayments through December 31, 2022. <\/p>\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"452\" height=\"688\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/image-16.png\" alt=\"\" class=\"wp-image-278102\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/08\/image-16.png 452w, https:\/\/thefederalist.com\/wp-content\/uploads\/2022\/08\/image-16-197x300.png 197w\" \/><\/figure>\n<\/div>\n<p>Despite Biden and Democrats\u2019 best attempts to spin their new garbage policy initiative as a \u201cforgiving\u201d of student loans, the stark reality is that there is no such thing. When leftists use terms like \u201ccanceling\u201d or \u201cforgiving\u201d student debt, what they really mean is taking money from American taxpayers \u2014 the <a href=\"https:\/\/thefederalist.com\/2022\/04\/29\/america-isnt-responsible-for-my-student-loans-i-am\/\" target=\"_blank\" rel=\"noreferrer noopener\">majority<\/a> of whom chose not to attend college \u2014 and using it to subsidize the minority of individuals that opted to pursue higher education.<\/p>\n<p>Moreover, not only will Biden\u2019s plan bail out a fragment of the American populace that chose to take on the responsibility of student loans, it will do so for those who are better financially equipped to repay them.<\/p>\n<p>As <a href=\"https:\/\/thefederalist.com\/2022\/08\/24\/studies-show-bidens-illegal-student-debt-scheme-is-welfare-for-the-rich\/\" target=\"_blank\" rel=\"noreferrer noopener\">reported<\/a> by Federalist Western Correspondent Tristan Justice, a 2020 report by the left-wing Brookings Institution found that \u201cthe highest-income 40 percent of households (those with incomes above $74,000) owe almost 60 percent of the outstanding education debt and make almost three-quarters of the payments,\u201d while those with the \u201clowest-income 40 percent of households hold just under 20 percent of the outstanding debt and make only 10 percent of the payments.\u201d<\/p>\n<p>\u201cMeanwhile, students who took the loans are far better equipped to pay them off than many other American taxpayers,\u201d Justice wrote. \u201cA typical worker with a bachelor\u2019s degree is likely to earn nearly\u00a0<a href=\"https:\/\/obamawhitehouse.archives.gov\/sites\/default\/files\/page\/files\/20160718_cea_student_debt.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">$1 million<\/a>\u00a0more over their career lifetime than the same person with just a high school diploma.\u201d<\/p>\n<h2>Pain Is the Point<\/h2>\n<p>While forcing everyday Americans to subsidize the poor choices of the rich may be a surprising choice to some, the moronic policy championed by Biden and company falls in line with the same hierarchical mindset they\u2019ve displayed over the past two years. <\/p>\n<p>During the Covid <a href=\"https:\/\/twitter.com\/seanmdav\/status\/1562504531648606208\" target=\"_blank\" rel=\"noreferrer noopener\">pandemic<\/a>, the federal government and politicians across the country pushed for severe lockdowns, leading to the permanent closure of approximately <a href=\"https:\/\/www.wsj.com\/articles\/covid-19s-toll-on-u-s-business-200-000-extra-closures-in-pandemics-first-year-11618580619\" target=\"_blank\" rel=\"noreferrer noopener\">200,000 establishments, many of them small businesses<\/a>, and leaving <a href=\"https:\/\/www.bls.gov\/cps\/effects-of-the-coronavirus-covid-19-pandemic.htm\" target=\"_blank\" rel=\"noreferrer noopener\">tens of millions<\/a> of American workers jobless. Schools throughout the nation also closed, wherein millions of children were left to fall behind in their educational careers.<\/p>\n<figure class=\"wp-block-image size-full\"><\/figure>\n<p>At the time, simply going outside was deemed a \u201cpublic health risk.\u201d That is, of course, unless you were a member of Black Lives Matter who took part in burning down American cities during the summer of 2020, in which case your actions didn\u2019t receive a hint of condemnation from the same officials telling the public to triple-mask in order to protect their neighbors.<\/p>\n<p>And if cutting off your ability to provide for your family and letting your property burn without punishing the arsonists wasn\u2019t bad enough, Joe \u201cThe Great Unifier-in-Chief\u201d Biden took it upon himself in September 2021 to unconstitutionally force businesses with more than 99 employees to receive an experimental vaccine or risk losing their job. Coupled with his <a href=\"https:\/\/thefederalist.com\/2022\/04\/01\/joe-biden-is-doing-everything-possible-to-avoid-unleashing-american-energy-production\/\" target=\"_blank\" rel=\"noreferrer noopener\">anti-energy policies<\/a> and <a href=\"https:\/\/thefederalist.com\/2022\/06\/01\/yes-biden-deserves-the-blame-for-inflation\/\" target=\"_blank\" rel=\"noreferrer noopener\">insane spending packages<\/a> that have led to <a href=\"https:\/\/www.eia.gov\/dnav\/pet\/hist\/LeafHandler.ashx?n=pet&amp;s=emm_epm0_pte_nus_dpg&amp;f=m\" target=\"_blank\" rel=\"noreferrer noopener\">skyrocketing gas prices<\/a> and <a href=\"https:\/\/thefederalist.com\/2022\/08\/10\/media-parrot-bidens-absurd-claim-that-julys-8-5-percent-inflation-increase-is-actually-zero\/\" target=\"_blank\" rel=\"noreferrer noopener\">record inflation<\/a>, the No. 1 priority for the Biden administration has been \u2014 and continues to be \u2014 to inflict as much pain and suffering on the American people as possible.<\/p>\n<p>For the anti-Constitutionalists in the White House and embedded in our federal government, pushing policies that cripple the ability of the American worker to sustain himself is the point. Forcing taxpayers to subsidize well-off college graduates is simply the latest tool in our government\u2019s arsenal to dismantle individualism in America and grow the power of an already out-of-control federal leviathan that seeks to control you and your way of life. <\/p>\n<hr class=\"wp-block-separator\" \/>\n<p>\n  Shawn Fleetwood is a Staff Writer for The Federalist and a graduate of the University of Mary Washington. He also serves as a state content writer for Convention of States Action and his work has been featured in numerous outlets, including RealClearPolitics, RealClearHealth, and Conservative Review. Follow him on Twitter @ShawnFleetwood<\/p>\n<div class=\"article-comments mt-30 mt-sm-60\">\n<div class=\"article-comments-container d-flex flex-column align-items-center py-30\">\n    <img loading=\"lazy\" decoding=\"async\" width=\"110\" height=\"106\" src=\"https:\/\/thefederalist.com\/wp-content\/uploads\/2021\/12\/fdrlst-mark.svg\" class=\"img-fluid mb-20\" alt=\"The Federalist logo eagle mark\" \/>    <\/p>\n<p>Unlock commenting by joining the Federalist Community.<\/p>\n<p>    <a href=\"https:\/\/thefederalist.com\/plans\/pricing\/\" class=\"btn btn-on-white\">Subscribe<\/a>  <\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden announced plans to illegally transfer student loan debt from existing borrowers to the rest of the American public on Wednesday, marking the latest abuse of executive power<\/p>\n","protected":false},"author":539,"featured_media":1621018,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1621013","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1621013","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/539"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1621013"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1621013\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1621018"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1621013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1621013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1621013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}