BRUTAL: Manchin Confronts Cardona About Biden Student Debt Forgiveness Plans: 'This Is Stupid!'
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- čas přidán 29. 04. 2024
- At today's Senate Appropriations Committee hearing, Sen. Joe Manchin (D-WV) questioned Education Sec. Miguel Cardona about student debt forgiveness.
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Please stop calling it “debt forgiveness” - it’s “debt transfer” to the rest of us.
Since I didn't cosign for any student loan why should I be saddled to pay for someone that I don't even know.
@@philtorres2975Yes but they are getting useful degrees in feminist dance therapy, transgender studies, holistic thought and engineering. Sorry the last one slipped.
@@philtorres2975 You won't. We've been a fiat economy for decades. Right wing media will keep you clueless, however. if you want to live a life with some measure of integrity as you grow older, you have to stop being an easy mark.
@@jimjohnston526, engineering I can see helping but the rest of the lame degrees hell no. If a degree doesn't get you a job to make money then it doesn't even qualify one for welfare.
@@recoveredconservativepipe down Azhat.
If you went to college and can’t find your “Golden Job” it’s not my problem. Pay your own dam debt!
Right now, our students are looking pretty stupid.
They act stupid too
Why do I have to pay for some brat that went to college when I couldn't afford it?
"Brat" is a bit much. The students aren't necessarily brats - - they got loans, went to college, and now are being told in many instances they don't have to pay the loans back. It's the Biden administration's fault, plain and simple.
Why?, because Joe needs this brats vote and he's more than happy to buy it with your money! That's why.
Would you oppose medical treatment to someone that you couldn't afford due to a new policy?
@@markportnoy6290apples and oranges.
@@denniskatz2303 it's all concerning how we use tax money.
Back in the day, I crammed a four year degree into six years working two jobs. I graduated debt-free and have never demanded that someone else pay my bills for me.
How much did it cost you. Be honest.
I thought the Supreme Court said this was not lawful, especially for those protesting at these Ivy League schools.
Since when do democrats listen to the courts or the constitution?
You are ill-informed. SCOTUS struck down forgiveness based on the Heroes Act, which WAS legally iffy. Current forgiveness is based in existing law, already passed by congress. If the new challenge prevails, it'll be because SCOTUS serves vocal zealotry rather than the law.
Defund Fed Education Dept. Give Money To States.
Better yet, reduce the tax burden by what the Fed has been unconstitutionally stealing from tax payers to "rule" education.....
We are all sick of these committee hearings that go nowhere.
Forgiving student debt, without requiring them to work it off at a public service job, is just criminal and stone cold stupid. Manchin asked him a question and he still hasn't answered it yet. Cardona is just plain stupid.
Forgiving PPP loans without requiring those companies to work it off at community resource programs is just stone cold stupid. Why is it that you think having an educated populace likeother 1st world countries is stupid but letting multi-million and billion dollar profit corporations off the hook for their loans is fine? Especially after they already take $292 BILLION in socialist, taxpayer funded corporate welfare every year
@@Slw1111 PPP loans were DESIGNED to be partially or completely forgiven. PPP stands for Paycheck Protection Program which was part of the deal passed by Congress and signed by the president during the Covid shutdown in 2020. Basically the idea was to pay businesses government money, just as citizens received checks, in order to retain their employees during the government imposed government shut down of private businesses. Your representation of this is a COMPLETE LIE. Moreover, even if you want to criticize the program there is no denying the program was passed by Congress. The Biden administration is trying to do this unilaterally from the executive branch, despite the SC ruling denying them the authority. You are either completely ignorant or a propagandist, you tell me which.
@@tlw6932 Ok, I will help you. Individuals pay taxes, corporations rarely do. The PPP loans were designated to be used to pay worker wages. Audits have shown that only 25% of those funds went to workers. The rest of the workers were fired or laid off so they didn't have to be paid. The other 75% of those PPP loans went directly into the pockets of CEO's, Shareholders, Politicians, and to pay company debts. So those loans were used in a fraudulent manner and then forgiven. Furthermore, per the Institute of Taxation and Economic Policy, 342 companies paid less than a 14% tax rate, which is significantly lower than the 22% tax rate individuals earning between $63,000 and $100,500 pay. 87 companies paid less than a 10% tax rate (the rate people earning $16,550 or less a year pay). Of those 87 companies, 55 paid less than 5% and 23 of those paid a 0% tax rate or LESS. Meaning they had a negative tax rate and were actually given a "refund" on taxes that they never paid in the first place. In addition to that US corporations take $292 BILLION in corporate welfare every single year, and guess who pays that welfare? Oh right, individual taxpayers. And yet here people are, bitching about educating our citizens like other 1st world countries have done for decades. This just proves to the entire planet what a f*cking joke this country is.
The ignorance surrounding this issue reveals the crimes right wing media commits on a daily basis. Imagine if we decided we can't free the slaves because some of them saved their pennies for decades and bought their freedom? Giving the rest their freedom wouldn't be fair, right? Or if we decided we can't provide homesteads because some scraped their pennies together and bought their farms, so giving others free farms wouldn't be fair, right? We would NEVER have made progress as a society if Americans didn't possess the integrity to do what was right regardless of their own circumstances. But there's a hellova lot of ignorant Republicans out there who can't think their way out of a paper bag. "Oh, it's just not fair!" Good God.
There's nothing Honorable about any of these politicians They are all corrupt. If you work for Bite Me your corrupt.
Cardona is just another mealy mouth.
He's another Affirmative Action hire.😡
Sick of all the broken institutions in this country.
From the river to the sea no student loan forgiveness for insurrestionests......
What the hell, what about trade school dept forgiveness.
People working at McDonald's will be paying the debt of college graduates making $100,000 a year or more.
gender study does not pay well
Worse, people working at McDonald’s will be paying off the debt of the college drop out who went on full grants and chose to take out full loans but sat around and played video games all day and never went to class. Literally. I worked at colleges for 10 years, I’ve seen it. I knew a guy who went to college for a year and got $25,000 in refund money but dropped out because he wasn’t going to class and wasn’t do any homework.
Nope. People working at McDonalds in most cases won't be making enough money to be paying federal taxes. Someone making $100K is going to pay 25-30 percent in federal taxes. That said, what the Biden administration is doing with student loan forgiveness is absurd.
People working at McDonald's will be paying off the immediately forgiven corporate PPP Loans, as well as, the hundreds of billions of dollars in welfare corporations take every single year.
@@tlw6932 They'll all be working at Starbucks (if they're lucky) and blaming everyone else for their poor choices in life.
TOO BAD SO SAD FOR THAT TEACHER. SHE OWES EVERY DIME BACK. OR THEY ARE DEADBEATS.
fix it by giving them money? Why can't these idiots pay for their own.
Pay for College debt. Who's going to pay for my Credit Card debt?
A useless department. Jobs for insiders.
The Corpse in Chief just goes around the Supreme Court and gets away with it
Do you think the Supreme Court is credible or legitimate these days? I'm not sure myself.
You are ill-informed. The 1st round of forgiveness was on shakes legal ground. But current forgiveness is based in existing legislation congress already voted on years ago.
That teacher needs to pay her debts and stop buying BS!
I’d be happy to make 35k and only work less than half the year...
@@tonyv416 wtf? Teachers work 50 hour plus week 10 months of the year then many work summer school or crappy jobs like bartending in the summer. That’s not even to mention going to grad school. Where the hell are you from that teachers work less than half the year? 😂😂😂
@@NotANameistbeing a teacher is a choice. If her debt had doubled its because she had never made a payment. She isn't very smart for a teacher.
@@NotANameist Teachers are part of organized labor and get a solid salary plus benefits and get 20 sick days plus increased vacation days in their contracts (locally). It's all public record as public funds (taxes) are used for their compensation. If some teacher needs to work a summer job to make ends meet, it's due to poor money management on their part.
Tenured teachers; the worst kind can sit back and collect their salary even when their students can't read Green Eggs And Ham or can't add 2 + 2. Never underestimate the incompetence of unions and government. Example? Well, the Federal government is handing out "free" money (student loan forgiveness) & "aid" to other countries as if it were literally free money. If they can simply hand out "free" money without a repayment being required, then what is that money worth? Free money isn't free; it will have to be paid back through higher taxes at the multigenerational level and through inflating the debt away with higher interest rates.
Debasement of your dollar comes slowly until recently--costs of everything accelerated under the current potato since he took office and he keeps on handing money out while allowing illegals to enter & reap "free" housing, food, cell phones, healthcare & if they slip in with kids, those kids get an education at the taxpayer's expense.
The irony is the people that are getting their debt canceled will be paying through higher taxes and higher cost of goods since money is being handed out with no strings attached while the people that actually make stuff have to make stuff and sell it to earn a living. If everybody's getting money for nothing, the people making stuff WILL raise their prices to get their cut of that "free" pie that some people are getting for no reason aside from carrying debt.
@@tonyv416OH do show us what teacher does that? Also do you buy your own work supplies and give them with your entire department?
THANK YOU SENATOR MANCHIN!!!!!!!!!!!!!!!!!!!!!!!!!!
Manchin VOTES for this. WTF are you talking about.
Washington, DC - Today, U.S. Senator Joe Manchin (D-WV) released the following statement on his vote for the resolution of disapproval under the Congressional Review Act (CRA) to overturn the Biden Administration’s student loan cancellation program.
“Today I voted to repeal the Biden Administration’s student loan cancellation proposal because we simply cannot afford to add another $400 billion to the national debt. There are already more than 50 existing student loan repayment and forgiveness programs aimed at attracting individuals to vital service jobs, such as teachers, health care workers, and public servants. This Biden proposal undermines these programs and forces hard-working taxpayers who already paid off their loans or did not go to college to shoulder the cost. Instead, we should be focusing on bipartisan student debt reforms that reduce the cost of higher education and help all Americans.” NOPE LOOKS LIKE YOU FORGOT TO CHECK YOUR FACTS!!!
You dont fix it by just forgiving it. If thats the case, then I want my mortgage forgiven. This guy and Mayorkas are soooo proud of the job they are doing and yet their results suck.
Thank you Senator Manchin. I always paid my way. I basically starved while paying my way through college. Then I worked for forty years in the mud and sweat and blood to make a living.
And it’s unconstitutional
Then PPP Loan forgiveness was also unconstitutional, right?
Yep, even Nancy Pelosi said "the President can't cancel student loans, he can "delay or postpone" loans.
What part of the Constitution does it defy?Please quote exactly which Article, Section, & Paragraph forbids forgiveness.
If you take out a loan you have to repay it just like every American.
Corporations had all of their PPP Loans immediately forgiven. And the get hundreds of billions in welfare paid by taxpayers every year but you're ok with that.
It's not the loan, it's the interest. You can't pay the loan because you can't pay the interest off. The economy will tank eventually.
Cant use common sence and democrats in the same sentence
You know what pisses me off, I barely have a high school diploma, I’m 36 now, I own an energy company, 10 employees , I started at the absolute bottom, I pay my people wonderful salaries, I made them all consultants, where they all own their own companies every one of them have pride because they fly their own flags and not one of the people who work for me has a college degree. We all pay are taxes and some of us pay a hell of a lot more than others and I’m tired of this, where is the pride, where is are money, are roads are destroyed, are people have no health insurance, this is a shame and when this falls apart because of stupid people and stupid government.
Would someone please explain to me why I'm responsible for everyone else's college loans? I paid for my own college. Are you going to reimburse me, Fed?
Biden needs votes
It's the interest not the loan. We can pay the principal but you pay the interest every month for years and the loan NEVER goes down.
@@wanderlustendumado5396 Thank you.
THEY SIGNED A CONTRACT, THEY HAVE TO PAY BACK THEIR LOANS
Why are you approving their budget.. if they can give away money in debt forgiveness.. what a joke. What else are they spending the money on. 34T in debt and you guys are just passing the bills as the administration is closing down fossil fuels, air-conditioners, dishwashers, washing machine, gas cars.. and on and on. The debt is going to blow up, and then what???
Interst rates, food cost, and on and on. You are killing any future.
Took ten years to pay mine off. Let’s refund the folks that paid theirs off before the ones who didn’t finish school.
But it's vote buying....
I had two children , worked and paid my own tuition while in nursing school. I worked to pay my kids tuition.
I am an independent conservative, Manchin speaks the truth.
I never got a loan now I'm suppose to pay for someone that makes more money than I do, B.S.
Cardona is a fool. He should go away.
They all are..
AOC said that if their loans were paid off they might be able to take a vacation or take up art classes, etc.
Workec for USAD from 1996 to 2021. Retired . Paid my entire Student loan off. Starting salary was $19000 per year. If your gonna pay loans off for these punks, I want my money back plus intrest.
That debt doesn't get cancelled, it gets put on us, the taxpayers!!!!!! FJB!!!!
If you got a degree, had 3 years of loans postponed without interest and still have a complaint….
Lots of people also got free rent for a year. The people that worked the entire time and paid their bills the entire got screwed. I paid the entire time and now rent is $300 more a month than it was in 2020.
I hear ya. I paid off my student loans as a MUSICIAN. I also postponed my student loans for 6 months and realized that’s a bad idea due to being charged interest all the while.
A broken system? That’s the democrat bird call for everything 🤦♂️ first mayorkas now this guy
Well it was a nice couple of years since I paid my loans off. I guess now I will be paying for some spoiled brats.
Joe is an Old School Dem. He is working for his constituents. Machin is the only modern day Dem I've seen that comes to the fight armed with just facts. Joe is still a Dem, but If you think about it, to step outside of the Liberal Hivemind at all is a brave thing to do. Who knows what kind of heat he takes?
I can make a major step towards solving this problem. Disband the Department of Education!
System is not broken. Living beyond their means
The system is broken and the government broke it.
The system isn’t broken. Pay your bills end of story. If you can’t afford college, get a job instead
Let’s go Brandon!
High school has failed those kids. I bet they couldn't even balance a checkbook! Get Gov. out of the education business!!!!!
Talk, talk, talk. Nothing EVER changes!!! When is the Public going to wake up-----maybe a better question--will the Public EVER wake up? I fear not.
those teachers made the decision to get a 60k loan for a 35k a year job with 9-12% interest, not me! They could have gone to community college for 2 years, then local college/university, lived at home and worked part time. I'm fed up with this GOVT
We don’t owe them a single penny and that’s what they want, our money to pay their debt. They signed a contract, they need to stand up to that promise. All of these “loan forgiveness” students need to then not be allowed to ever have a credit line, home loan or any other credit option.
Pay your own debt! Period!
THE ONLY PEOPLE THAT HAVE BEEN TAKEN ADVANTAGE OF IS THE AMERICAN TAX PAYER .
Sorry sir but fixing a system is NOT or OUGHT NOT be on my dime !
I had a student loan and I paid every cent back I feel like I got screwed because no one is going to give my money back
HOW ABOUT IF YOU DONT GIVE THEM THE MONEY ,WE DONT HAVE TO PAY IT BACK FOR THEM ? WHAT A CONCEPT
Why it's only the children of rich people that get debt forgiveness????
Thank you Sen. Manchin!
Folks we are being played yet once again, trust me on this one....NOTHING will change for the better as long as there are no term limits.
supreme court already said this is unconstitutional
What's the difference we still pay for it on taxes
Let me get this straight, if something is broken, it's a broad excuse for failure?
I'm waiting for my reimbursement of the $89,000 of student debt I paid off last year. Where's MY money ?
Otherwise I should sue because that's not fair.
Bs, make them pay it back.
Imagine a job that you, practically speaking, can’t be fired from, gives away other people’s money & and can send people to explain their behaviors the Congress without regard for any genuine repercussions… that is our Federal Government.
Teachers DO NOT make just $35,000 a year. If you borrow the money PAY IT BACK!
750,000 of the "debt relief " recipients make more than $311,000
Why waste anybody's time with these committee hearings???? Nothing, nothing ever comes of it!! None of these bad guys ever go to jail for their actions. I don't get it. Double justice system!
STUDENT DEBT FORGIVENESS SHOULD BE PAID BY THE STUDENTS THAT TOOK THE LOANS OUT!!
there's no way that teacher took out a 30K loan and it's 60K now unless she has never put forth a payment.
Honest tax payers ARE NOT RESPONSIBLE FOR THEIR DEBT!!!!!!
I PAUD FOR MY OWN COLLEGE!!!!!!!!
Cardona is just such a tool
My families EFC (Expected Family Contribution) was just over $40,000. Believe me we were barely able to get me out of high school. I never even received a report card with the exception of the 1st quarter progress reports. Also as I graduated my brother was graduating grammar school, and another high school tuition was months away. Absolute joke. Who is getting this relief and how are they chosen?? By spying on them?? Or do we just begin the search for recipients in swing states, and go from there??
Why not change the way interest accrues? Why not show people how to work, like Manchin says, too give service in exchange for debt relief??
How is the system broken?
What teachers are making 35,ooo a year?
This guy nailed it.. or his constitutes got it, people who couldn't afford to go to college but working full time are now paying off this other persons debt who because of their college has more opportunities what a slap in the face.
This idea that we are need to reduce debt for teachers and public servants, sounds goood but PAY THEM MORE, the reason we have so many strange teachers that are doing a terrible job in the education department is because they dont get paid enough. You get what you pay for
If a kid goes to college they should research what career they want to go into and what the pay is if they do geta job teaching ! Compare that to what the cost is of a teaching degree is ! And what they will end up paying for that degree in the end !
Excellent!
Imagine being so petty that because you had to pay way too much for school you want your children to have it as worse or worse than you did.
Never thought I'd see the day I agreed with Joe Manchin, but here we are... killing it! Huh.
Your debt wont double if you pay your bills.Thats the problem these days nobody wants to put in any effort and they want everything basically for free.Very irresponsible i mean its just the way it is work and pay your damn bills.
This guy should be the democrats nominated for president
So we can give our tax dollars to ukrane trillions of dollers but we cant give our college kids education in our country
This why kids need to learn in high school how to budget and balance a checkbook. Because that is something they will do until the day they die.
If the college/university misled the student/borrower, let the pay-off be taken from the institution’s endowment fund.
Actually the college will make sure they take all of the money. They have it down to a science.
Old Joe mansion. I didn't know you had to balls to even talk about something like this 😐
It’s really simple you sign a contract, you pay the loan. Now what the gov’t should do is look at the facilities being constantly built at colleges… new halls, new sports facilities while the heads of colleges and tenured professors make millions, that’s where the gov’t should look at why tuition that 20 years ago was in the single digit thousands to now in some cases 10’s of thousands… while our grades go down, and education testing shows proven poor results… like the man said why the hell am I paying for someone else to get debt relief… I got 2 kids, real bills and a mortgage maybe we should be handing out to the real people getting pinched and paying their taxes.
Love this guy -- no BS.
Exactly
It makes no sense to go to a university that charges outrageous tuition fees and not be guaranteed a job once they graduate but a less expensive trade school would give them the hands on training to be able to get work immediately after graduating, my husband is a retired construction superintendent because he learned how to do his job by working at all types of construction jobs and taught himself before the internet was invented, he was a supervisor to college degree’s engineers who had absolutely no practical hands on experience. He would come home and tell me stories about some of things that happened at work that even I recognized as something that was very stupid and I ama woman who didn’t even graduate higher school, the theme seemed to be if it worked on paper the thought it would work in real life regardless of the topography of the land.
"We have a broken system," says the DEI hire who broke it.
College students used to work full to part time jobs to pay for college. With these high cost loans, they don't worry about tomorrow; they drive cars when they could walk. The go to Florida for vacations when they could work through the break. Further, the retail and restaurant and healthcare industries no longer have this part of the workforce! They are gone.
I want my truck paid for. Make the teachers pay for it.
Yes.!!!
WOW
My wife worked her way through college without loans.
There are already a few forgiveness programs, I only went to grad school because I was told that PSFLP was like a reverse grant that would help me pay off my education. 10 years and I had my loans forgiven last year. When I took them out I knew what I was doing.
He says they (Education Secretary & team) are “proud” of their work. 😬Proud? Hmm yeah I don’t think they should be proud. I agree with Manchin. These students are not educated on the front end. The Feds are just throwing money at them - 17-18yo’s. Do they even know what accruing interest is? Is ANYONE coaching them that the $60-80k loans they are taking Will. Have. To. Be. Paid. Back. and the career they are studying for may only pay them $35-40k to start? Anyone? Bueller? Bueller? Does the student understand it’s an obligation? Not free. An obligation. Sorry - not fair to saddle and transfer this debt to those of us responsible enough to have paid our school debts off. Anyone explain to go to a community college for first two years and pursue college credit there AND work? Maybe a 2 year degree would work. What about the trades? They are pulling down 6 figures, upper 5 to start. Sorry not sorry Mr Education dude - You. Are. A. Big. Fail.