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Daily News Brief for Wednesday, March 1st, 2023
FromDaily News Brief
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Length:
15 minutes
Released:
Mar 1, 2023
Format:
Podcast episode
Description
This is Garrison Hardie with your CrossPolitic Daily News Brief for Wednesday, March 1st, 2023.
Fight Laugh Feast Conference - Ark Encounter
This year, our Fight Laugh Feast Conference is at the Ark Encounter in Kentucky on The Politics of Six Day Creation. The politics of six day creation is the difference between a fixed standard of justice and a careening standard of justice, the difference between the corrosive relativism that creates mobs and anarchy and the freedom of objectivity, truth, and due process. The politics of six day creation establishes the authority and sufficiency of God’s Word for all of life: from what is a man or a woman, when does human life begin, and how is human society best organized?
Come hear Ken Ham, Pastor Doug Wilson, Dr. Ben Merkle, Dr. Gordon Wilson, me and more, and of course a live CrossPolitic show! Mark your calendars for October 11th-14th, as we fight, laugh, and feast, with beer & psalms, our amazing lineup of speakers, our Rowdy Christian Merch, and a Sabbath Feast to wrap up the occasion. Maybe an infant baptism while we’re at it! Visit fightlaughfeast.com for more information!
https://www.washingtonexaminer.com/policy/education/price-tag-biden-loan-forgiveness-plan-supreme-court
$500 billion question: The real cost of Supreme Court decision on Biden student loan plan
The gargantuan price tag for President Joe Biden's student loan forgiveness plan is garnering renewed scrutiny as the Supreme Court prepares to hear oral arguments on the constitutionality of the policy Tuesday.
In August, Biden announced a plan to eliminate $10,000 in student loan debt to borrowers who make less than $125,000 a year and $20,000 in loan forgiveness to Pell Grant recipients.
The policy, which has been blocked by federal courts prior to the Supreme Court's review, would cost $400 billion over the next decade, according to the Congressional Budget Office, which said it was "highly uncertain" about the estimate. Meanwhile, a study from the University of Pennsylvania's Wharton School of Business said the cost could easily exceed $500 billion.
In January, Biden’s Department of Education unveiled new proposed regulations that substantially overhauled the department’s income-driven repayment program, which allows low-income borrowers to make lower monthly payments than their loan would otherwise provide. The Penn-Wharton model estimated that the total cost of the proposed changes to the income-driven repayment program, coupled with the widespread forgiveness plan, could push the cost beyond $1 trillion.
The plan, despite its eye-popping price tag, has drawn praise from members of the president's party, who blasted Republicans for attempting to block the policy.
In contrast, Republican politicians have blasted the policy as an unfair redistribution of wealth from noncollege-educated workers to educated elites and raised alarms about the policy's cost to the taxpayer.
Sen. Bill Cassidy (R-LA) noted in a statement to the Washington Examiner the plan's accompanying price tag and added that the administration's continued extension of a pause on collecting payments had cost "taxpayers $195 billion.”
House Education and Workforce Committee Chairwoman Virginia Foxx (R-NC) told the Washington Examiner that she was optimistic that the court would strike down the administration's policy and called on the president to work with Congress to reform the federal student loan program.
https://www.forbes.com/sites/markjoyella/2023/02/28/cnn-hits-10-year-low-in-prime-time-as-fox-news-glides-to-victory-in-february-cable-news-ratings/?sh=580e7cfa7d09
CNN Hits 10-Year Low As Fox News Glides To Victory In Cable News Ratings
February marked CNN’s lowest-rated month in a decade, with the network’s prime time lineup dropping 42% among viewers 25-54—the key demographic group valued by advertisers—compared to the same month one year ago. CNN drew an average prime time audience of 122,000 viewers in the key de
Fight Laugh Feast Conference - Ark Encounter
This year, our Fight Laugh Feast Conference is at the Ark Encounter in Kentucky on The Politics of Six Day Creation. The politics of six day creation is the difference between a fixed standard of justice and a careening standard of justice, the difference between the corrosive relativism that creates mobs and anarchy and the freedom of objectivity, truth, and due process. The politics of six day creation establishes the authority and sufficiency of God’s Word for all of life: from what is a man or a woman, when does human life begin, and how is human society best organized?
Come hear Ken Ham, Pastor Doug Wilson, Dr. Ben Merkle, Dr. Gordon Wilson, me and more, and of course a live CrossPolitic show! Mark your calendars for October 11th-14th, as we fight, laugh, and feast, with beer & psalms, our amazing lineup of speakers, our Rowdy Christian Merch, and a Sabbath Feast to wrap up the occasion. Maybe an infant baptism while we’re at it! Visit fightlaughfeast.com for more information!
https://www.washingtonexaminer.com/policy/education/price-tag-biden-loan-forgiveness-plan-supreme-court
$500 billion question: The real cost of Supreme Court decision on Biden student loan plan
The gargantuan price tag for President Joe Biden's student loan forgiveness plan is garnering renewed scrutiny as the Supreme Court prepares to hear oral arguments on the constitutionality of the policy Tuesday.
In August, Biden announced a plan to eliminate $10,000 in student loan debt to borrowers who make less than $125,000 a year and $20,000 in loan forgiveness to Pell Grant recipients.
The policy, which has been blocked by federal courts prior to the Supreme Court's review, would cost $400 billion over the next decade, according to the Congressional Budget Office, which said it was "highly uncertain" about the estimate. Meanwhile, a study from the University of Pennsylvania's Wharton School of Business said the cost could easily exceed $500 billion.
In January, Biden’s Department of Education unveiled new proposed regulations that substantially overhauled the department’s income-driven repayment program, which allows low-income borrowers to make lower monthly payments than their loan would otherwise provide. The Penn-Wharton model estimated that the total cost of the proposed changes to the income-driven repayment program, coupled with the widespread forgiveness plan, could push the cost beyond $1 trillion.
The plan, despite its eye-popping price tag, has drawn praise from members of the president's party, who blasted Republicans for attempting to block the policy.
In contrast, Republican politicians have blasted the policy as an unfair redistribution of wealth from noncollege-educated workers to educated elites and raised alarms about the policy's cost to the taxpayer.
Sen. Bill Cassidy (R-LA) noted in a statement to the Washington Examiner the plan's accompanying price tag and added that the administration's continued extension of a pause on collecting payments had cost "taxpayers $195 billion.”
House Education and Workforce Committee Chairwoman Virginia Foxx (R-NC) told the Washington Examiner that she was optimistic that the court would strike down the administration's policy and called on the president to work with Congress to reform the federal student loan program.
https://www.forbes.com/sites/markjoyella/2023/02/28/cnn-hits-10-year-low-in-prime-time-as-fox-news-glides-to-victory-in-february-cable-news-ratings/?sh=580e7cfa7d09
CNN Hits 10-Year Low As Fox News Glides To Victory In Cable News Ratings
February marked CNN’s lowest-rated month in a decade, with the network’s prime time lineup dropping 42% among viewers 25-54—the key demographic group valued by advertisers—compared to the same month one year ago. CNN drew an average prime time audience of 122,000 viewers in the key de
Released:
Mar 1, 2023
Format:
Podcast episode
Titles in the series (100)
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