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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMoscow Mitch: Biden student loan forgiveness a 'wildly unfair redistribution' of wealth
Senate Minority Leader Mitch McConnell (R-Ky.) criticized President Bidens decision to cancel $10,000 of student loan debt for borrowers making less than $125,000 annually, calling it a wildly unfair redistribution of wealth in favor of higher-earning Americans.
McConnell said in a statement on Twitter on Wednesday that the move is a slap in the face to those in the workforce who made sacrifices to pay off their debt, as well as those who made different career choices to avoid student debt.
Link to tweet
He said the median American with student loans has a much higher income than the median American overall, and experts who have studied loan forgiveness have found that its benefit mostly goes to higher-earning individuals.
President Bidens inflation is crushing working families, and his answer is to give away even more government money to elites with higher salaries, the GOP leader said. Democrats are literally using working Americans money to try to buy themselves some enthusiasm from their political base.
https://www.yahoo.com/entertainment/mcconnell-biden-student-loan-forgiveness-175023263.html
LonePirate
(13,424 posts)The PPP program was passed during TFGs administration when Turtle and his boot lickers were in control of the Senate.
RANDYWILDMAN
(2,672 posts)Gimme a fuckin break
Retrograde
(10,137 posts)I'm learning how to speak GOP for when I have to visit a red state
mnhtnbb
(31,390 posts)durablend
(7,460 posts)"WHADDABOUT THE SUFFERING OF THE RICH?!?!?"
Hekate
(90,704 posts)Effete Snob
(8,387 posts)musclecar6
(1,687 posts)An expected response from the all about THEIR wallet Republicans and fuck everybody else. Our side needs to immediately come back with a response to that worthless character.
Celerity
(43,389 posts)hundreds of billions in PPP forgiven for rich business owners!
FUCK THAT MOTHERFUCKER!
CentralMass
(15,265 posts)aocommunalpunch
(4,237 posts)This motherfucker. I hear his wife is crazy. Some other POS said so and he knows the ladies. Christ. Good job, Biden. Fuck this waste of oxygen.
JoanofArgh
(14,971 posts)non-college educated people riled up.
When we take back the Senate and if we manage to keep control of the House, Congress needs to come up with some bills addressing this. Depending on executive orders , which are temporary, to fix this isn't wise
gratuitous
(82,849 posts)Unlike, say the carried interest loophole in the tax code. But Sen. McConnell sounds really peeved that some government largesse trickled down to some of those hardest hit by an unfair system. Because redressing some of the unfairness of that system doesn't magically redress all of it. So the suffering and the privation should continue until the perfect solution (think rainbows and unicorn farts) materializes.
If you have a better plan, Senator, let's hear it. We're all ears.
Johnny2X2X
(19,066 posts)Does Mitch not remember that Trump included some student loan forgiveness in the stimulus we needed to save us from the economy being destroyed by his bungling of Covid?
The Unmitigated Gall
(3,817 posts)As long as its for the filthy rich.
Pigs love company.
Trailrider1951
(3,414 posts)My retort? "Bite Me"
GreenWave
(6,757 posts)BannonsLiver
(16,387 posts)roamer65
(36,745 posts)Fuck him.
madinmaryland
(64,933 posts)$4 trillion dollars worth of tax give aways in the last ten years. Fuck you, Moscow Mitch.