Why would you ever pay another student loan? Debt Payoff vs Forgiveness

Fet­ter­man in PA has made the announce­ment that he will not debate Dr. Oz. 

Joe Biden goes to PA in a staged crowd, they set these trips up but it will be a dif­fer­ent sce­nario come Sat­ur­day. Right after Labor Day, Lee will be com­ing on the show to give updates on PA start­ing next week. 

Why would you ever pay anoth­er stu­dent loan? Loan relief appli­ca­tions open to bor­row­ers in ear­ly octo­ber. Appli­cants will launch in Oct. states will be issu­ing tax guid­ance in the com­ing days. When you take out a loan the oth­er side gets ful­ly fund­ed. When you buy a car they get ful­ly fund­ed. They shift the mon­ey over and it is ful­ly fund­ed. It works the same with the col­lege. They don’t wait for you to make the pay­ments. When you sign on the dot­ted line the 10K goes to the col­lege, they don’t wait. Every sin­gle time Joe Biden has made any announce­ment it comes through Miguel Car­dona, the Sec­re­tary of the Depart­ment of Edu­ca­tion. You hear about the state uni­ver­si­ty sys­tem and that is part of the Depart­ment of Edu­ca­tion. The Depart­ment of Edu­ca­tion is the worst bureau­cra­cy out there. They make all these rules and are com­plete­ly inde­pen­dent of the gov­ern­ment. So 2010 when Oba­ma shift­ed 100% of stu­dent loan respon­si­bil­i­ty to the Depart­ment of Edu­ca­tion. It went on a ledger and got ful­ly fund­ed. This rul­ing will only shift on a ledger sheet inside the Depart­ment of Edu­ca­tion. Who would be get­ting the mon­ey? If the fed­er­al gov­ern­ment sent an order over. When you pass a spend­ing bill and it goes to the House of Rep­re­sen­ta­tives, they send a pur­chase order to Jerome Pow­ell at the Fed­er­al Reserve to print the mon­ey to fund things. But the half a tril­lion dol­lars is not going through the House of Rep­re­sen­ta­tives. It’s debt for­give­ness, not debt pay­ment. They are shift­ing it on a ledger sheet from one col­umn to the oth­er, the paid col­umn. For­giv­ing a debt is dif­fer­ent, because it doesn’t require the House to pass a bill. The Depart­ment of Edu­ca­tion is shift­ing the dol­lar amount. It is not like some­one is pay­ing a bill, they are just say­ing you don’t owe it. They aren’t fund­ing any­thing. This half a tril­lion dol­lars got fund­ed over here, what they are doing is shift­ing the bur­den to a col­umn call­ing it paid. This is help­ing some peo­ple but it is anger­ing the masses. 

Last night at mid­night the DOJ files brief overnight reject­ing the spe­cial mas­ter over the documents.