NH Teacher Union Head Says the Quiet Part Out Loud As She Rails...
WATCH: The New Naked Gun Trailer Drops With the PERFECT O.J. Simpson Joke
Flashback: Here's Nancy Pelosi Singing a (D)ifferent Tune on China, Trade Deficits, and...
‘Hmmm’: Adam Kinzinger Suspicious There Are No Tariffs on Russia
What a Peach! Watch Unhinged Leftist Crow About 'No FEMA' for Tornado-Impacted Red...
Tim Walz's Magical Media Tour Continues! He Tells MSNBC Voters Regret Electing Trump...
Not Even CLOSE, Bud! The Hill Wants Us to Believe the Pendulum Is...
Only 19% of Baltimore Kids Are Proficient in Math, So the District Spends...
Jamie Raskin Calls Fed. Employees Patriots, Claims They Pass Up MANY Rich Jobs...
U.S. Bans Romantic Relationships Between Gov Workers and Chinese Citizens, Eric Swalwell H...
EPIC Post from GenZ'r Explaining Why He's NOT Worried About His 401K DECIMATES...
Now That the Border Is Secure It's Safe for Dems to Go (Tom...
NBC News Scrapes the Bottom of the Barrel to Get a Nurse's Opinion...
CNN's Abby Phillip Gets Fact Checked to Her Face!
HORSES**T! Stephanie Ruhle Tries Lecturing MAGA About What THEY Voted for but Dean...

Thanks, Joe! CNBC: 73% of student loan borrowers plan to get to work giving taxpayers the middle finger

OK, guys, now that all that’s over (well, most of it, anyway), let’s regroup and pick up where we left off, shall we? And where we left off is that the Biden administration is still a disaster and we’re still on track to get economically screwed.

Advertisement

For more on that, let’s check in on the would-be beneficiaries of Joe Biden’s brazenly unconstitutional student loan debt erasure:

More from CNBC:

While recipients won’t see that aid in the form of a check, any remaining balances will be re-amortized, meaning monthly payments will be recalculated to reflect the new balance. For borrowers, that means monthly payments could drop by up to $300 per month.

That extra cash will be a much needed lifeline to cover other bills or necessary expenses for many. But some borrowers plan to spend the money more freely.

In fact, 73% of anticipated recipients say they expect to spend their debt forgiveness on non-essential items, including travel, dining out and new tech, according to a recent survey from Intelligent.com.

That discretionary spending won’t come guilt-free though. The same percentage of recipients — 73% — say using debt forgiveness funds on non-essentials isn’t the right thing to do.

It’s not that it’s not the right thing to do … it’s that it’s the completely irresponsible and stupid thing to do. It’s ultimately not going to make things better for borrowers, but it’s gonna make things for everyone a whole lot worse.

Advertisement

Everyone. Everyone could’ve seen this coming.

https://twitter.com/NewEraWealthMGT/status/1590353692737183746

Advertisement

American families will be paying for this for years to come if it’s allowed to go through.

It’s getting hot in here.

Burnt to a crisp.

***

Related:

In celebration of the three-year anniversary of the launch of our VIP program, we are offering a tremendous discount on Twitchy VIP memberships! Join now and use promo VIPWEEK to receive 45% off!

Join the conversation as a VIP Member

Recommended

Trending on Twitchy Videos

Advertisement
Advertisement
Advertisement