White House can’t say who’s paying for Biden’s pricey student loan handout as national debt balloons
Biden announced Wednesday that he will deliver on a campaign “commitment” to cancel $10,000 of federal student loan debt for certain borrowers making less than $125,000 per year, and up to $20,000 for Pell Grant recipients, while extending the pause on federal student loan payments through the end of the year.
The president said during remarks at the White House that by resuming student loan payments that have been frozen during the COVID pandemic “at the same time as we provided targeted relief,” his administration is taking an “economically responsible course.”
“As a consequence, about $50 billion a year will start coming back into the Treasury because of the resumption of debt,” Biden said, adding that experts “agree that these actions taken together will provide real benefits for families without meaningful effect on inflation.”
CLIP .59 – 2.20
‘The president used COVID Relief legislation, the Hero’s Act and the American Rescue Plan, as the authority to do this’
Teachers weigh in on grading policies, debate ‘no-zero’ trend: ‘Patently idiotic idea’. The debate over grading has swept institutions in recent years as schools adopt new policies that in some cases have given students more opportunities to make up or avoid poor grades. It’s important schools get scoring right, teachers argued, because in many ways grades are the stepping stone to students’ futures.
Tips for navigating a recession
LAURA INGRAHAM: Our freedom to travel as far as we want, whenever we want, is under attack. he rule will require that 100% of all new cars sold in the state by 2035 be free of fossil fuel emissions. That’s up from 8% today.Now, I know these changes — you hear 2035 — seem really far-off, but things get ugly real fast because in just four years, the current 8% EV mandate will more than quadruple to 35%. And four years after that, it climbs to 68%. And then five years later, no new gasoline-powered vehicles will be permitted for sale in the state.
Now, not even the most progressive countries in Europe have come close to such a radical anti-freedom measure. Now, what’s worse, according to the Times, the California plan may be the blueprint for federal action against gas-powered cars that Biden’s lawless EPA is promising to issue next year. And by the way, the greeniacs’ promise of transitioning to EVs doesn’t just mean cleaner air, but more savings for consumers, they’re arguing. Well, that’s total baloney.
Warner Bros is holding secret ‘funeral’ screenings of its canned $90m movie Batgirl for cast and crew, as insiders claim all copies of could be DESTROYED to claim it as tax write-off
P-D: Wood abandons independent bid for Missouri’s US Senate seat (get around stltoday paywall
P-D: Rep. Bruce DeGroot (R-Ellisville) dropping reelection bid; move opens up spot for Ladue’s John Brunner, who lost August state rep primary in Chesterfield district (get around stltoday paywall
SNL: Egged on by parents, Missouri school district reinstates spanking as punishment