I was listening to one of the morning talk radio pundits today saying there are “dropout students” that have still these unpaid debts and there’s no policy in place as to who would be eligible for the $10,000 gubmint stipend. They say this program was going to cost $400 billion and the estimates were that $10k was the most one would receive. No mention if these select debtors ever made any attempts to make their monthly obligations either. So reliability and expectations of such a defaulting debtor is quite low and with that comes the likelihood of continual gubmint dependency.
I was once denied a mortgage because of a low income-to-debt ration (used to be 25%?) due to low down payment, cc bills, high interest rate...all gubmint factors. There was a time when as one paid their bills, less goes into savings, can’t afford private tuitions, couldn’t find extra work and inflation from gubmint giveaways kept wages down and prices skyrocketing.
Get a good education, get a job, make money, live within your means and pay for what you take - oh boy, that’s soooooo colonial.
We all remember what happened to the PPP monies, CovidCash programs and surpluses, then there’s all the other unaccountable general free-stuff giveaways. Since The Soggy Bottom Creeper announced his program last August, conveniently before the Mid Terms, I wonder how many rushed to “enroll” in some correspondence college and ran up personal debt, not limited to tuition but skool materials like laptops and electronics, but anything else that could be construed as necessity skool’ stuff.
When the Team Crooked Joe BuildsBackBetter, it’s only taxpayers that pay for it. We will all see soon our local taxes rise as has his policymakers mandate overfilling the classrooms with noncitizens. It will be a matter of time that most will probably go on to get jobs, pay taxes and figure out the liberals scheme and how they’ll one day being paying for someone else to sit at home while they do all the work.
