Upon signing legislation which passed by 51-50, after Vice President Harris weighed in, President Biden authorized hiring 80,000+ new IRS agents. He then unilaterally erased $470 BILLION+ of student loan debt, owed by an estimated 39 million borrowers. Beneficiaries will include college professors, bankers, surgeons and lawyers, who out-earn scores of millions of plumbers, electricians, construction workers, welders, UPS drivers and nurses. Another 125 million+ US citizens who either had no student loans or repaid them, or didn’t attend college, will get zilch. Some such recipients actually hold Ph.D’s in ‘Civilization Studies’, ‘History of Shintoism’, and ‘East African Dance Techniques’. Others studied the concerns of horizontally-challenged Lesbians. Some work as $15/hour baristas, who practice yoga while listening to NPR. Biden and his comrades repeatedly promised that taxpayers who earn under $400,000 annually won’t be audited under their ill-advised legislation. So, when Republican lawmakers submitted an amendment to reflect that commitment, the Democrats deep-sixed it. Loan forgiveness means that creditors decline to collect a debt. However, taking money by force to repay another’s obligations is NOT “forgiveness” – it’s theft. Biden’s calculated wording masks the reality that such shifted debt hasn’t vanished and it won’t. So, what about someone who starts a landscaping or lawn-mowing business?
They buy trucks, lawn mowers, edgers and other equipment and hire employees. Typically, they earn well under $125,00 annually. So, will THEY get a check for ten, or twenty Grand? Meanwhile, Biden has allowed nearly 2.5 MILLION illegal aliens into America. Most are impoverished, many are illiterate, and some are infected with Covid-19, AIDS, Monkeypox and other maladies. Drywall installers, agricultural employees, painters and other workers, LOSE jobs to illegals, who earn as little as $5 an hour – which, often, is paid off the books. President Biden is derelict in his sworn obligation to enforce our laws to and to preserve, protect and defend the US Constitution. WHY? Numerous respected economists claim his ill-advised actions will accelerate inflation, which is now at its highest level since the Carter presidency. Inflation is caused by too many dollars chasing too few goods, and it’s been worsened by the supply-chain problems which resulted from the lengthy, unwise Covid-19 shutdowns. But do these arrogant, nation-wrecking Leftists even care? The US Supreme Court has already slapped down some of this treasonous administration’s attempted over-reach, and it may rule that Biden lacks the authority to dole out tax dollars at his whim, to his favored constituents – i.e., lazy, over-educated, entitled deadbeats.
Another point to consider is: Shouldn’t these hand-outs be treated as income, on which taxes are due? Millions of Americans will receive up to $20,000 in one swoop. But under IRS rules, no citizen can receive over $16,000 annually, tax-free, unless their benefactor designates such as part of their lifetime gifting exclusion (exemption) of $12.06 Million. The lucky beneficiaries of these windfalls should, at the very least, be required to pay tax on them. But considering the left-wing mindset of Joe Biden and most Congressional Democrats, they’ll probably feel otherwise.
Let’s hope that the US Supreme Court nullifies this entire boondoggle, upon recognizing that it’s a highly cynical, illicit ploy to buy votes with Other People’s Money. Like Barack Obama and Bill Clinton, Biden is a lawyer and career politician, who has never met payrolls or created jobs. He’s clueless about the job-creating private sector and shows no inclination to learn. Amazon.com features T Shirts which reference Biden as a ‘Parasite’ – the definition of which is “an organism which lives in or on the organism of its host, and benefits by deriving sustenance at the other’s expense”. The truth can be scary. The Obama-Biden administration warned that they’d “fundamentally change America” – and did, for the worse. That reckless, anti-American regime unwisely federalized student lending by zeroing banks (which had for decades offered government-backed student loans) out of the equation. Under Obama-Biden, government began making direct loans, which caused student debt to explode, from $639 Billion in 2010 to $1.4 Trillion in 2017. Biden and Obama promised their half-baked scheme would save money, but this predictable travesty directly led to the current fiasco. With President Biden’s conniving cabal of cocky, culture-destroying, putrid progressives undermining the US Economy and now belittling our long-cherished, fundamental values, their reprehensible ineptitude makes chumps out of productive, honest, responsible and prudent Americans.
Todd Blodgett served on the White House staff during the Reagan-Bush presidencies and later worked for the the FBI. He lives in Clear Lake, Iowa and in Texas, and can be reached at: www.ToddBlodgett.US.
