4.4 • 652 Ratings
🗓️ 26 August 2022
⏱️ 35 minutes
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0:00.0 | And what a great day it is. It's Friday. And if you have student loans to pay, it's an even better day. |
0:08.8 | Lucky you. Chances are you're getting $10,000, $20,000 if you have a Pell Grant. The president's giving away money. |
0:18.6 | Giving away money again. If you don't have a student loan, or if you do and you don't qualify, oh, man, sorry, bad luck for you. |
0:29.9 | Because you're going to have to pay for all of the people who get the $10,000 or $20,000 gift of debt forgiveness. |
0:38.9 | A gift that coincidentally is happening just a few months before the all-important |
0:47.2 | 2020 midterm elections. |
0:49.7 | Imagine that. |
0:51.3 | What lucky timing for Biden and the Democrats. |
1:02.6 | So in essence, if you don't have a student loan, or if you saved enough money to pay for college and sacrificed, or if you paid off your student loan, or if you don't qualify |
1:10.7 | for this, you are paying for President Biden's |
1:15.3 | election bribe to the people who can't afford to pay off their loans or don't want to pay |
1:21.4 | off their full loans. |
1:23.9 | But how much can it be? |
1:26.0 | What are we talking about? |
1:26.8 | A couple million people at most? |
1:31.0 | 95% of the borrowers can benefit from these actions. |
1:36.0 | That's 43 million people. |
1:39.5 | Of the 43 million, over 60% are Pell Grant recipients. |
1:46.3 | That's 27 million people who will get $20,000 in debt relief. |
1:50.2 | Holy shimoli, what? |
1:52.5 | Let me just do some quick math on that. |
1:55.3 | Let's see, 43 million times 10,000. |
... |
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