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Daily News Brief for Thursday, August 25th, 2022

Daily News Brief for Thursday, August 25th, 2022

FromDaily News Brief


Daily News Brief for Thursday, August 25th, 2022

FromDaily News Brief

ratings:
Length:
19 minutes
Released:
Aug 25, 2022
Format:
Podcast episode

Description

This is Garrison Hardie with your CrossPolitic Daily News Brief for Thursday, August 25th, 2022. Hope your week has been going well as we head in for yet another weekend, which means it’s probably a good time to remind you, about our conference!
 
FLF Conference Plug:
Folks, our upcoming Fight Laugh Feast Conference is 6-weeks  away from happening in Knoxville TN, October 6-8! Don't miss beer & psalms, our amazing lineup of speakers which includes George Gilder, Jared Longshore, Pastor Wilson, Dr. Ben Merkle, Pastor Toby, and we can’t say yet…also dont miss our awesome vendors, meeting new friends, and stuff for the kids too…like jumpy castles and accidental infant baptisms! Also, did you know, you can save money, by signing up for a Club Membership. So, go to FightLaughFeast.com and sign up for a club membership and then register for the conference with that club discount. We can’t wait to fellowship, sing Psalms, and celebrate God’s goodness in Knoxville October 6-8. 
 
https://thepostmillennial.com/breaking-biden-announces-plans-for-student-debt-relief?utm_campaign=64487
 
Biden announces plans for student debt relief
 
On Wednesday, President Joe Biden formally announced the cancellation of $10,000 of student loan debt per borrower, and stressed the importance of higher education despite skyrocketing tuition costs. He did not address lowering tuition costs, or that it may be unfair to borrowers who paid their loans despite difficulties, and without forgiveness.
 
https://rumble.com/v1h7d6v-biden-heres-what-my-administration-is-gonna-do-to-provide-more-breathing-ro.html - Play Video
 
Biden said that around 90 percent of those that would qualify for the relief make under $75,000 per year.
 
In addition to the initial $10,000, those that received Pell Grants would qualify to receive an additional $10,000 in cancellation debt, coming to a total of $20,000.
 
He stressed that 95 percent of borrowers would benefit from these actions. And of the 43 million borrowers that would have debt cancelled, roughly 60 percent of those, 27 million people, are Pell Grant borrowers.
 
Nearly 45 percent of people who took out federal student loans would be have the entirety of their federal student loans cancelled under this action.
 
In his third point, Biden said that his administration would be fixing the student loan program system itself.
 
Students would have their payments capped at 5 percent of their discretionary income for loan payments, down from 10 percent.
 
He also said that after 20 years, a borrower’s payment obligation would be reached, and no further payment would be required.
 
Biden also said that his administration would be fixing the Public Service Loan Forgiveness Program, which encourages graduates to pursue public service in exchange for forgiven loans.
These fields include teaching, law enforcement, charity work, and military service, and those that serve in these positions and make loan payments for 10 years would have the remainder of their balance forgiven.
 
After concluding his speech, Biden only addressed one question from the press regarding whether he had advanced notice of the FBI raid of Mar-a-Lago. Questions regarding the fairness of the student loan debt cancellation for those who had repaid their loans already were not answered.
 
https://www.foxnews.com/politics/biden-lacks-authority-student-debt-handout-pelosi-warned-last-year
 
Biden lacks authority for student debt handout, Pelosi warned last year
 
last year, Pelosi poured cold water on the idea, saying that such a move was something reserved for an act of Congress, not the executive.
 
https://twitter.com/i/status/1420417022786261002 - Play Video
 
Her statements were in sharp contrast to those of Sen. Schumer, who claimed that the president could do such a sweeping move "with the flick of a pen."
 
Alright, enough about this debt forgiveness, let’s head back to California! 

https://justthenews.com/nation/states/report-california-likely-ban-sales-
Released:
Aug 25, 2022
Format:
Podcast episode

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Daily News Brief