Summary
Representative Glenn Grothman plans to introduce the “Protecting Taxpayers from Student Loan Bailouts Act,” aimed at blocking future large-scale student loan forgiveness by limiting regulations costing taxpayers over $100 million annually.
This follows a Supreme Court ruling in 2024 that struck down President Biden’s $430 billion loan forgiveness plan.
Republicans criticize forgiveness as inflationary and unfair, while Biden’s administration has canceled $180 billion in debt over four years.
With GOP control of Congress, future forgiveness efforts face significant challenges.
This does not help fathom how anybody is stupid enough to fall for it. If anything, it makes it harder to fathom.
I recall an old farmers joke where a farmer is found in the outhouse pit covered in “waste”. After getting him out, they asked why he was in there.
He said he dropped his wallet in there. When asked how that happened, he said he dropped his watch in there. When asked how that happened, he said he dropped his hat in there. When asked how that happened, he said he accidentally dropped a quarter in there, and I’ll be damned if I was going to go down there for just a quarter.
I think the rubes have been voting this way their whole lives and would feel ridiculous if they didn’t keep doing it.
Also GOP voter, I have found, most believe politics to be like sports. My team has to win, or I’ll feel bad. Whereas politics is more of a bus ride. Does the bus get you to the exact location you want? No, but does it get you close enough? Yes,