Another day, another move towards socialism under the Biden Administration as they announce yet another redistribution plan. This time, they plan to take even more money from hardworking American taxpayers and put it towards the student loan debts of the wealthy elite.
Yes, this means that those who never even attended college will foot the bill.
Today, I'm proud to announce a new student debt repayment program called the SAVE Plan.
It's the most affordable student loan plan ever. And a promise kept in fixing the existing student loan program.
Let me explain how it works: pic.twitter.com/sXGdUPoOcb
— President Biden (@POTUS) August 22, 2023
President Biden’s Marxist policies have once again reared their ugly head with the new SAVE Plan. By basing monthly payments on income rather than the total student loan balance, those who worked hard to achieve their success will be penalized and forced to pay for the irresponsibility of others. This is nothing more than a wealth redistribution scheme under the guise of helping those struggling with student loans.
But let’s talk numbers, shall we? The new plan will cost taxpayers a staggering $276 billion with no end in sight. That’s an outrageous amount of money to put towards bailing out those who made poor financial decisions. And let’s not forget that this comes on the heels of yet another round of bailouts that the administration announced earlier this month.
Adding insult to injury, the SAVE plan completely disregards a recent Supreme Court ruling on the issue. This administration seems to have no respect for the rule of law or the American taxpayer.
It’s time for Americans to wake up and see that the Biden Administration is leading us down a dangerous path towards socialism. We cannot continue to allow them to take our hard-earned money and give it to those who don’t deserve it. It’s time for real change in leadership that prioritizes responsibility and freedom over handouts and dependency.
