Afghanistan war veteran and Fox News contributor Johnny “Joey” Jones shared his version of criticism regarding Joe Biden’s proposed plan to cancel portions of student loan debts being harbored by individuals falling below a certain income level, remarking on how he literally lost his legs while serving his country in order to pay for school.
On August 24th, the White House issued a “Fact Sheet” pertaining to President Biden’s proposed plan regarding student loan debt cancellation, which summarizes the effort as, “A three-part plan delivers on President Biden’s promise to cancel $10,000 of student debt for low- to middle-income borrowers.”
According to the plan, the general relief aspect would afford up to $20,000 in canceled debt for Pell Grant recipients and up to $10,000 in canceled debt for non-Pell Grant recipients, so long as “their individual income is less than $125,000 ($250,000 for married couples).”
Per the White House’s release on the plan, the rationale for this endeavor is due to the “crushing” effects of harboring debt, highlighting how “the typical undergraduate student with loans now graduates with nearly $25,000 in debt,” and framing said debt as being somehow insurmountable.
For the sake of context, the average price of a new vehicle per Kelley Blue Book is just over $48,000, and yet people are remarkably able to have those vehicle loans fully paid off on average between 60 and 72 months. Additionally, despite vehicle and student loans having near-synonymous interest rates, the default rate of students loans (10.8% of all loans in the first year) is over five times as high as vehicle loans (about 2%).
Needless to say, this proposal on canceling debt willfully taken on has caused quite the stir among segments of the population who’ve either managed to pay off their student loans via commonsense financial responsibility or people who never even went to college.
During an August 24th press conference, a reporter directly asked Biden, “Is this unfair to people who paid their student loans or chose not to take out loans?”
The president’s response to the aforementioned was to compare tax breaks received by companies – as in, the government not taking money from them – to canceling debt accrued by people who willingly accepted a sum of cash under specified repayment terms.
“Is it fair to people who, in fact, do not own multi-billion dollar businesses? See how these guys give them all a tax break. Is that fair? What do you think?”
Fox News contributor Jones took to Twitter on August 24th regarding Biden’s proposed debt cancellation effort, writing, “I cannot believe I gave two legs for my tuition. What a dope I am. Ooh-rah!”
Jones had unfortunately lost both of his legs, as well as suffered severe injuries to his arm and wrists, back in 2010 while serving in Afghanistan as an Explosive Ordnance Disposal (EOD/Bomb) technician.
This piece was written by Gregory Hoyt on August 25, 2022. It originally appeared in RedVoiceMedia.com and is used by permission.
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