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Yo_Mama_Been_Loggin

(108,006 posts)
Wed Aug 24, 2022, 03:30 PM Aug 2022

Moscow Mitch: Biden student loan forgiveness a 'wildly unfair redistribution' of wealth

Senate Minority Leader Mitch McConnell (R-Ky.) criticized President Biden’s 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.




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 Biden’s 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

21 replies = new reply since forum marked as read
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Moscow Mitch: Biden student loan forgiveness a 'wildly unfair redistribution' of wealth (Original Post) Yo_Mama_Been_Loggin Aug 2022 OP
As were PPP loans which were much larger, forgiven in full with no means testing. LonePirate Aug 2022 #1
Does a man worth at least 34 million really understand wealth redistribution ???? RANDYWILDMAN Aug 2022 #2
"unfair" means "I didn't get a cut" Retrograde Aug 2022 #3
Exactly mnhtnbb Aug 2022 #9
👆👆 crickets Aug 2022 #16
Bazingo durablend Aug 2022 #19
Dear Mitch, just STFU and go back to fighting with TFG Hekate Aug 2022 #4
Lol - PPP loans were "fair"? Lol Effete Snob Aug 2022 #5
Totally musclecar6 Aug 2022 #6
He didnt say FUCKALL (other than YESSSS!!) for the trillions in tax cuts for the rich nor shit about Celerity Aug 2022 #7
Hey Mitch, STFU. CentralMass Aug 2022 #8
Have a stroke, you fucking POS. aocommunalpunch Aug 2022 #10
They've been going off on this for a couple days now. Trying to get JoanofArgh Aug 2022 #11
Unfair redistribution of wealth! Waaaah! gratuitous Aug 2022 #12
Trump Johnny2X2X Aug 2022 #13
Goddamn pukes LOVE some old-time "Sosheelism"... The Unmitigated Gall Aug 2022 #14
Says the F'ing multi-millionaire Trailrider1951 Aug 2022 #15
Why does Moscow hate American students? GreenWave Aug 2022 #17
Boo hoo. BannonsLiver Aug 2022 #18
Fuck this PoS. roamer65 Aug 2022 #20
What about the 800 billionaires who have gotten nearly madinmaryland Aug 2022 #21

LonePirate

(13,424 posts)
1. As were PPP loans which were much larger, forgiven in full with no means testing.
Wed Aug 24, 2022, 03:32 PM
Aug 2022

The PPP program was passed during TFG’s administration when Turtle and his boot lickers were in control of the Senate.

musclecar6

(1,687 posts)
6. Totally
Wed Aug 24, 2022, 03:35 PM
Aug 2022


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)
7. He didnt say FUCKALL (other than YESSSS!!) for the trillions in tax cuts for the rich nor shit about
Wed Aug 24, 2022, 03:35 PM
Aug 2022

hundreds of billions in PPP forgiven for rich business owners!

FUCK THAT MOTHERFUCKER!

aocommunalpunch

(4,237 posts)
10. Have a stroke, you fucking POS.
Wed Aug 24, 2022, 03:39 PM
Aug 2022

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)
11. They've been going off on this for a couple days now. Trying to get
Wed Aug 24, 2022, 03:40 PM
Aug 2022

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)
12. Unfair redistribution of wealth! Waaaah!
Wed Aug 24, 2022, 03:43 PM
Aug 2022

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)
13. Trump
Wed Aug 24, 2022, 03:47 PM
Aug 2022

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?

madinmaryland

(64,933 posts)
21. What about the 800 billionaires who have gotten nearly
Wed Aug 24, 2022, 05:24 PM
Aug 2022

$4 trillion dollars worth of tax give aways in the last ten years. Fuck you, Moscow Mitch.

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