Joe Biden Has Some SERIOUS Issues in the Middle of the Speech!!!…..
President Joe Biden announced a new plan Monday that would knock out unpaid student loan interest for millions of borrowers, including about 25 million people who owe more in interest than their initial loans were worth. He unveiled the proposal during a visit to Madison Area Technical College. It was his second visit to Wisconsin in less than a month and, in centering on Dane County, a return to the Democratic stronghold that will be key to his reelection path this November. “Today, too many Americans — especially young people — are saddled with sustainable debts in exchange for college,” he told the assembled crowd. “The ability for working and middle class folks to repay their student loans has become so burdensome that a lot can’t repay, even decades after being in school.” Under the proposal, debt would be canceled for people already eligible for certain federal student loan forgiveness programs. It would also cancel debt for anyone who began repaying their undergraduate loans more than 20 years ago, or graduate loans more than 25 years ago. And it would wipe out up to $20,000 in unpaid interest for about 25 million people whose interest burden eclipses the amount they originally borrowed. According to a press release, the plan would eliminate all accrued interest for 23 million people and cancel out debt for 4 million people. It’s the Biden Administration’s second stab at a sweeping student debt plan after the U.S. Supreme Court struck down an earlier White House plan last June. That plan would have forgiven between $10,000 and $20,000 in student debt for millions of borrowers. – Per WPR: April 8th, 2024.
Per Wikipedia: Joseph Robinette Biden Jr. was born November 20, 1942 and is an American politician who is the 46th and current president of the United States. A member of the Democratic Party, he served as the 47th vice president from 2009 to 2017 under Barack Obama and represented Delaware in the United States Senate from 1973 to 2009. Biden was born and raised in Scranton, Pennsylvania, moving with his family to New Castle County, Delaware, in 1953 when he was ten. He studied at the University of Delaware before earning his law degree from Syracuse University in 1968. He was elected to the New Castle County Council in 1970 and became the sixth-youngest senator in U.S. history after he was elected to the United States Senate from Delaware in 1972, at age 29. Biden was the chair or ranking member of the Senate Foreign Relations Committee for 12 years and was influential in foreign affairs during Obama’s presidency. He also chaired the Senate Judiciary Committee from 1987 to 1995, dealing with drug policy, crime prevention, and civil liberties issues; and oversaw six U.S. Supreme Court confirmation hearings, including the contentious hearings for Robert Bork and Clarence Thomas. He ran unsuccessfully for the Democratic presidential nomination in 1988 and 2008. Biden was reelected to the Senate six times and was the fourth-most senior sitting senator at the time when he became Obama’s vice president after they won the 2008 presidential election, defeating John McCain and his running mate Sarah Palin. Obama and Biden were reelected in 2012, defeating the Republican ticket of Romney and Paul Ryan. During eight years as vice president, Biden leaned on his Senate experience and frequently represented the administration in negotiations with congressional Republicans, including on the Budget Control Act of 2011, which resolved a debt ceiling crisis, and the American Taxpayer Relief Act of 2012, which addressed the impending fiscal cliff. On foreign policy, Biden was a close counselor to the president and took a leading role in designing the withdrawal of U.S. troops. In 2017, Obama awarded Biden the Presidential Medal of Freedom with Distinction. Biden and his running mate Kamala Harris defeated incumbent president Donald Trump and vice president Mike Pence in the 2020 presidential election. He is the oldest president and the first to have a female vice president.
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