Trump and Warren Sitting in a Tree… Canceling Student Loans?
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Trump and Elizabeth Warren sitting in a tree. K-I-S-S-I-N-G. I remember that back in elementary school. yep. Trump and Elizabeth Warren. Yes, they’re making nice, nice. Yep, we talked about Trump’s cap on credit card rates.
an outright ban, which he can’t do the way he wants to do it on institutional investors buying homes. The latest, the latest move. Again, remember this, remember when, know, wasn’t that long ago, wasn’t that long ago when the Trump administration was talking about sleepy Joe Biden and canceling Stu loans and he can’t do that. We’re gonna get rid of the Department of Education. Yeah, yeah, this is.
Right out of Elizabeth Warren, Joe Biden playbook there. Excuse me, Mr. President, you were critical of sleepy Joe Biden in this, but you’re doing the same thing. Yeah, the Biden administration repeatedly extended the nonsensical pause on student loan payments. What was it? It was interest. It was until the fall of 2023. And then they were given another year grace period.
If they miss payments for three consecutive months, they were placed in forbearance so their loans wouldn’t become delinquent and mar their credit records. Now, McMahon, yes, vowed to end the student loan amnesty if Barras failed to make payments on loans for more than nine months. Her department would utilize its powers to collect on the delinquent debt. garnishing wages was gonna be a part of this and tax refunds. She actually wrote.
in the Wall Street Journal self steps necessary because the student loans aren’t collateralized. Now, most student loans carry interest rates between three and 7 % right now. Now, 26 % of the $1.7 in student loan debt is being repaid. Only 20
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6%.
20 % is delinquent. Most of the rest is in forbearance or deferment.
Let me ask you question. If this student loan thing was, if this was an actual real lending institution, do you think they’d be in business anymore? Anyway, yeah, Trump last month said he was gonna start collecting on defaulted student loans. Again, change the mind. Yeah, administration says it’s pausing collection.
to give borrowers more time to rehabilitate defaulted loans while it sets up new income-based repayment option authorized by the GOP tax bill. More or less, they’re really worried about the midterms. They’re really worried about the midterms. And I’m be honest with you, it’s gonna turn into the Oprah Winfrey show. And we’re gonna start giving away more and more stuff. It would not surprise me in the least.
based upon the current poll numbers that Trump does the same thing that Biden, they’re just gonna cancel student loans. Wouldn’t be surprised in the slightest. He’s just gotta get his messaging right with all of his moronic influencers online so they can spin it. But coming soon, they haven’t really talked about this yet online. This is actually happening. You haven’t seen Truth Social posts.
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or anything like that, they’re working on messaging right now. Waxdog and wallstreet.com.
