Report: Biden’s student debt forgiveness expected to cost over $400 billion, roughly twice the White House’s estimate

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[rebelmouse-proxy-image https://media.rbl.ms/image?u=%2FeyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8zMTgzMDUyNi9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY3NjkwNjY3Nn0.vueVNmSVsu6WBLblFn0ljd10Bhv7IuYs6ib-7y_WhxI%2Fimg.jpg%3Fwidth%3D1200%26height%3D800%26coordinates%3D0%2C0%2C0%2C1&ho=https%3A%2F%2Fassets.rebelmouse.io&s=290&h=5adb292ee35094ebd4905ef549798b642820302e0cdd68ea5f67470d574362ce&size=980x&c=1872666954 crop_info="%7B%22image%22%3A%20%22https%3A//media.rbl.ms/image%3Fu%3D%252FeyJ0eXAiOiJKV1QiLCJhbGciOiJIUzI1NiJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8zMTgzMDUyNi9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY3NjkwNjY3Nn0.vueVNmSVsu6WBLblFn0ljd10Bhv7IuYs6ib-7y_WhxI%252Fimg.jpg%253Fwidth%253D1200%2526height%253D800%2526coordinates%253D0%252C0%252C0%252C1%26ho%3Dhttps%253A%252F%252Fassets.rebelmouse.io%26s%3D290%26h%3D5adb292ee35094ebd4905ef549798b642820302e0cdd68ea5f67470d574362ce%26size%3D980x%26c%3D1872666954%22%7D" expand=1]President Joe Biden announced on August 24 that by executive action, he would wipe out a significant amount of the debt consensually entered into by tens of millions of Americans. The White House offered a cost estimate of $24 billion a year over ten years. A recent report from the Congressional Budget Office indicates that the Biden administration's $240 billion figure is nowhere close to the likely cost of the plan. As of June 30, 2022, 43 million debtors held $1.6 trillion in federal student loans. Biden's executive action would have those earning less than $125,000 per…

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Students Finally Winning The School Choice Fight

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Dozens of states expanded school choice in the last two years, allowing more students to leave government-run schools. But David Walrod, the president of a teachers' union in Fairfax, Virginia, says the new school choice programs are harmful. We debate. ———— To make sure you see the new weekly video from Stossel TV, sign up here: https://www.johnstossel.com/#subscribe ———— Many kids have good reasons to leave government-run schools. Such schools often needlessly shut down for Covid, and stayed closed for two years. Some indoctrinate kids. Many leave bad teachers on the job. Many spend absurd amounts of money. (Fairfax, Virginia, schools…

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