Category U. S. Forgive Student Loans

May 8 2024

US Taxpayers Forced to Pay an Additional $559B in Student Loan Forgiveness


Posted originally on May 8, 2024 By Martin Armstrong 

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Short of joining Hamas, there is nothing Joe Biden will not do to secure the Gen Z vote. The latest plan will “forgive” $7.4 billion worth of student loans, which brings the total of loan cancelations under Biden to $153 billion. This new wave will benefit 277,000 borrowers/voters and cost the American public $559,000,000,000.

The original student loan forgiveness plan backfired, plain and simple. Payments were frozen in March 2020 under the CARES Act when countless people were out of work, and the program made sense. Millions of people simply stopped paying their loans as they believed Biden’s campaign promise to make all student loans vanish into thin air. By July 2023, over 7.5 million borrowers had defaulted on their student loan payments. Millions more were set to default in September 2023, when the COVID provisions were set to end. The Department of Education then decided to create an “on-ramp” period until September 2024 so that anyone who missed a payment would not face consequences.

Biden has “forgiven” billions in student loan debt since then, adding to the overall deficit and taxpayer burden. Amid low polls and pushback from academics and universities, Biden has decided to introduce a new wave of loan forgiveness. He has implemented the SAVE plan which has quickly shot up in costs from $475 billion to $559 billion. The SAVE income-driven repayment plan bases payments on a percentage of discretionary income, but low-income borrowers may be completely off the hook from paying back the debt they agreed to take on.

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“As long as there are people with overwhelming student loan debt competing with basic needs such as food and healthcare, we will remain relentless in our pursuit to bring relief to millions across the country,” Biden stated. What about the American public that has seen the value of their dollar decline drastically since Biden took office? Joe Biden is blatantly BUYING VOTES and ignoring the economic implications as our national debt is perhaps the largest threat to our national security.

Halting repayments after the government agrees to shut down the global economy is one thing. Saddling the average American with additional tax obligations is extortion and economic tyranny. No one will forgive your mortgage loan, for example, a cost you agreed to take on. Biden continues to hunt down the American public for taxes to pay for his ridiculous spending plans that only benefit him and a select group of voters. The expected cost of student loan redistribution to the taxpayers continues multiplying as Biden’s poll numbers drop.

Mar 19 2023

LT. GOV. SAYS “BELIEVE ALL TRANS KIDS”: ELON MUSK DESTROYS HER W/ LOGIC | ROUNDTABLE | RUBIN REPOR..


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Rubin Report By Dave Rubin of “The Rubin Report” talks to Peter Lloyd and Savanah Hernandez about Lieutenant Governor of Minnesota Peggy Flanagan doubling down on protecting gender reassignment surgery for transgender kids and Elon Musk’s reaction.

Dec 26 2022

Twitter Files Release #10 – A Whole of Govt Approach to Control American Speech


Posted originally on the CTH on December 25, 2022 | Sundance 

Twitter File release #10 was shared by journalist Matt Taibbi on Christmas Eve [Outline Here].  In many ways this is the most important release so far; not from the context of the internal Twitter communication Taibbi cites, but rather from what it means in the bigger picture.

As with the prior releases, Taibbi is describing the evolution of a process we suspected, discussed, outlined and then documented at CTH for several years.  Taibbi is outlining exactly how the public-private partnership behind Jack’s Magic Coffee Shop was created.  Each new revelation, and Elon Musk’s reaction to that revelation, is pointing toward Musk not having any knowledge of what was going on in the Coffee Shop Production Space.

[Twitter File Release #10 Here]

Taibbi shares the scale and scope of contacts into Twitter from a variety of government agencies including the CIA.  However, as the public-private partnership over the platform moderation continued in time, access to controlling content expanded from federal agencies to even state and local officials.  In essence, the control over platform content evolved into a whole of government approach.

This is a critical inflection point in the evolution of the Twitter file release because the ramifications now begin to surface publicly.  Taibbi walks through Twitter being overwhelmed by the inbound instructions from various agencies. The FBI acting as the gatekeeper for Homeland Security, Defense Dept, CIA, State Dept., and other partnership agencies within government through the “Foreign Influence Task Force” (FITF).

As Taibbi provides context for the internal conversation, “The operation is far bigger than the reported 80 members of the Foreign Influence Task Force (FITF), which also facilitates requests from a wide array of smaller actors – from local cops to media to state governments. Twitter had so much contact with so many agencies that executives lost track. Is today the DOD, and tomorrow the FBI? Is it the weekly call, or the monthly meeting? It was dizzying.”

It is easy to get immediately focused on the granular details of the operation to control the public conversation.

Yes, various government agencies including DHS, FBI and the CIA were telling Twitter what content was permitted and what content to remove.  However, it is important to stand back and look at the big picture as it is being described.

Remember, as an outcome of these contacts real consequences to users took place.

Not only was content removed and users suspended, but also in the expanded dynamic of the social media space, people were blacklisted, deplatformed, demonetized, de-banked and had their support systems removed.

Content creators, adverse to the interests of government agencies, on multiple platforms, were attacked in this process that extends far beyond Twitter.

As Taibbi again notes, “The government was in constant contact not just with Twitter but with virtually every major tech firm. These included Facebook, Microsoft, Verizon, Reddit, even Pinterest, and many others. Industry players also held regular meetings without government.” This is far beyond a first amendment issue, now we are entering the space where government is targeting not only the voice of specific people, but also their platform, their incomes, their livelihoods and ability to operate.

Twitter File release #10 is an inflection point, now showing government using multiple social media platforms to target specific people.  How much deplatforming and demonetization was done at the request of a government agency?   Those questions are where this is going….

Keep in mind, these files are only as they relate to Twitter, yet these files as outlined by Taibbi show government agencies searching platform content using keywords. “They have some folks in the Baltimore field office and at HQ that are just doing keyword searches for violations. This is probably the 10th request I have dealt with in the last 5 days,” Taibbi shares as one example in paragraph 27.

If the FBI (DHS, CIA, ODNI, DoD, DoS) had assigned personnel to do keyword searches on Twitter, it stands to reason they were doing content review on YouTube, Google, Facebook, Instagram and yes, even WordPress-Automattic.  Those government agencies then reach out to the platform control officers with instructions on content and account removal.   Let that sink in for a moment.

I would strongly urge everyone to read the entire outline provided by Taibbi, and (as I see his eyes starting to fathom exactly where this story is going) I give him credit for this qualifier at the end.  “The CIA has yet to comment on the nature of its relationship to tech companies like Twitter. Twitter had no input into anything I did or wrote. The searches were carried out by third parties, so what I saw could be limited.”

The larger objective of U.S. government involvement in social media has always been monitoring and surveillance of the public conversation, shaping and influencing public opinion, and ultimately controlling outcomes.  Put another way, the illusion of freedom.

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Hey Matt, Merry Christmas!

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ps. Watch Musk reaction below:

Dec 22 2022

Part 2 – Why Curation of Twitter File Release #8 Was So Important – The 2011 BETA Test Went Live in 2020


Posted originally on the CTH on December 21, 2022 | Sundance 

By now everyone is aware of the U.S. intelligence community relationship with social media.  Factually, and not surprisingly, dozens of former IC officials are still currently working in Twitter and hundreds more are identified working inside Facebook.  This is the overlay to the second part of why Twitter File Release #8 was so carefully curated.

In Part 1 [Go Deep Here], we walked through President Obama’s use of social media during the 2010/2011 ‘Arab Spring.’  This was the origination of the U.S. government using Twitter, Facebook and other social media platforms as tools to accomplish their strategic objectives.

In Part 1 we also walked through specific examples of identical ideology and specific actions displayed in the 2011 elections (Egypt), and 2020 elections (USA). The similarities are not coincidental, and we left off by saying 2011 was the BETA test for what we saw in 2020.

The term “BETA test” implies a test run where lessons are learned and then later applied to the live version.  In this outline we are going to show exactly what the main lesson from the test was, and how that learning applied to the 2020 election.

The use of social media to install Egyptian President Mohammed Morsi was successful.  However, the Obama administration ran into a problem in the aftermath.

Immediately after taking office, Mohammed Morsi disbanded the courts, cancelled the Egyptian constitution and began implementing Sharia Law.  A terrified and awake Egyptian people immediately realized their leader was installed by western political scheme, fraud and deceptive use of social media by President Obama, Hillary Clinton and U.S. intelligence assets.  The Egyptians took to the streets.

After weeks of citizen protests and nationwide uprisings, the Egyptian military came into the picture on the side of the Egyptian people.

Well known commanding General Abdel Fattah al-Sisi was respected by both the people and the military overall.  General al-Sisi agreed to support the demands of the people and the military removed Mohammed Morsi from office using the constitutional framework as a guide.  General al-Sisi then took charge and organized a national election after civil order was restored.

A reluctant General al-Sisi was elected to be president of Egypt by a vote of over 80% of the national population.  President al-Sisi then returned secularism to Egypt and provided security for the Christian minority.  Abdel Fattah al-Sisi showed the strength of his support by visiting Coptic Christian churches and slowly returning peace and stability to the country.

In later years al-Sisi would remove radical elements of the Islamic State from Egypt, secure the border with Israel, destroyed Hamas terrorist tunnels, brokered peace between the Arab world and Israel and his reputation and influence increased exponentially.  Through each of these actions President al-Sisi was despised by the Obama administration and U.S. State Dept now being run by Secretary John Kerry.

♦The key takeaway from this Egyptian example, was the ability of the military to upend the plans of the Obama administration.

During the Arab Spring BETA test, the use of social media to manipulate political outcomes worked.  The political outcome was achieved, Morsi was installed.  However, the military stepped-in and pulled the nation away from radical totalitarian chaos.

The lesson learned by the Obama administration in 2011/2012 was that military support could defeat their deployment of intelligence operations through social media, even if the installed political outcome of the IC operation was successful.

Put simply, the BETA test identified the military as a threat to the strategy.

Now, move forward in 2013, 2014, 2015 through to today.   What have you watched happen to the U.S. Military?

You now have new eyes, new hindsight and new reference points. What have you seen happening inside the U.S. military?

Take that BETA test forward into 2020 when the ODNI, DHS, FBI, DoD and IC influence over social media was deployed domestically to support Joe Biden.

Much like the Egyptian election of Mohammed Morsi, U.S. candidate Joe Biden was installed by the collective weight of an intentionally manipulated information system being controlled and influenced by the United States intelligence community.

If the 2011 BETA test of Morsi failed largely because of the Egyptian military…

In response to the 2011 BETA test, what would they do in the 2020 live domestic version?…

….Any Questions?

Dec 2 2022

Another Appeals Court Rejects Biden Administration Student Loan Cancellation Program – Supreme Court Agrees to Hear Case in February


Posted originally on the CTH on December 1, 2022 | Sundance

Federal education loan payments have been suspended ever since early 2020 when COVID was used as a justification to delay payments.  The current extension on the delay, a pre midterm bribe for young adults, runs through June 2023 and then people with the loans have to start paying again.

In the interim, Joe Biden had a plan to relieve up to $10,000 in federal student loans for low-to-middle-income borrowers and up to $20,000 for qualifying Pell Grant recipients.  However, that arbitrary Biden decree encountered multiple legal setbacks including rejection by a federal court in St. Louis and another in Texas.

Earlier today, the New Orleans-based 5th U.S. Circuit Court of Appeals again rejected the Biden administration’s request to pause the Texas order vacating the $400 billion student debt relief program in a lawsuit pursued by a conservative advocacy group. {LINK}  The Texas ruling from U.S. District Judge Mark Pittman was one of two decisions that prevented the Department of Education from moving forward.

The St Louis case, also lost on appeal and based on a similar finding that Biden cannot subvert congress for this spending, has now travelled to the Supreme Court who have agreed to hear oral arguments in February but will not intervene to stop the lower court rulings.

Washington — The Supreme Court said Thursday it will take up a court fight between the Biden administration and a coalition of six Republican-led states challenging the legality of the president’s student loan forgiveness program.

Solicitor General Elizabeth Prelogar asked the Supreme Court last month to lift an injunction from a federal appeals court that blocked implementation of the plan, but told the court that if it denied relief, it should agree to consider the merits of the case instead.

The court said in a brief order that it will hear arguments in February but will keep the program on hold for now. Last week, President Biden extended his pause on federal student loan payments until June 30, 2023, to give the court time to consider the dispute.

“We welcome the Supreme Court’s decision to hear the case on our student debt relief plan for middle- and working-class borrowers this February,” White House press secretary Karine Jean-Pierre said. “This program is necessary to help over 40 million eligible Americans struggling under the burden of student loan debt recover from the pandemic and move forward with their lives. The program is also legal, supported by careful analysis from administration lawyers.” (more)

In response to the decision from the Texas court, the Biden administration announced it had stopped accepting applications for the debt relief program.

Nov 18 2022

Biden Breaks Big Promise to One-Issue Voters


Armstrong Economics Blog/Politics Re-Posted Nov 18, 2022 by Martin Armstrong

The Roe v Wade Supreme Court leak that happened earlier in the year sparked protests across the nation. It is the largest one-voter issue on the ballot, and even the GOP was torn over the ruling. We must remember that the average voter does not understand the intricacies of political promises. Threatening to remove access to abortion pushed many moderate voters to the Democrat Party, and President Joe Biden promised to codify abortion into the Constitution. Biden said it would be his first course of action if the midterms worked out in favor of Democrats.

The average voter does not understand that the president alone cannot make adjustments to the Constitution. Any time Joe Biden is allowed to speak without a teleprompter, he reveals his administration’s true plans. “I shouldn’t have even answered your question,” Biden said at a press conference in Bali this past Monday after realizing his mistake. “I don’t think there’s enough votes to codify unless something happens unusual in the House,” Biden admitted despite saying he was capable of doing so weeks prior.

Joe Biden lied about student loan forgiveness and abortion rights, which are both one-issue items large enough to cause the moderates to sway to the left. No issue appears to spark more anger than Roe v Wade. Will people protest outside the White House as they did to Supreme Court Justices? The hope is that some will open their eyes and process that Joe Biden sold them a lie, but others will see it as a reason to continue attacking the opposing party.