Sunday, March 19, 2023

Covid Student Loan Relief

You know, of course, about Biden's plan to forgive students loans and make people who never went to college or who already paid for their college (like the Bruces) pay for those who did borrow. But did you know how much the "pause" or Covid Emergency Relief and Federal Student Aid is costing us? $255 Billion as of March. The good thing is, it makes the $75 billion given to Ukraine not look so bad, right? President Trump began the pause, to last through December 30, 2020. Biden continued it, even though he says the pandemic is over, and even though employers can't find workers to earn the money to pay their loans. It's all part of the inflation which caused the Fed to raise interest rates to cool the economy, which in turn is helping create the bank crisis (and bad management, but that's another story). Everything is connected to everything else. The lockdown's damages in increased death, debts, and divisions among families and friends will not be known for years.

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