Biden has introduced. The Department of Education, at President Biden’s directive has instituted the so called, "On Ramp Program” which goes into effect on October 1, 2023 and lasts through September 30, 2024.

This makes it a crime for any issuer of student debt to make any borrowers non payment delinquent, report to credit bureaus, place in default, or refer to debt collection agencies. There may be no negative recourse during this time with the power of law.

During this time interest keeps accruing and the burden on borrowers will be that much greater about one month before the next Presidential election in early November of 2024.

If you’re a lending institution and you see the federal government impacting your ability to get your money back, what will you do moving forward?

Where does this end? Furthermore this keeps ingraining a bad culture of kicking the can down the road and not being responsible with funds you borrow. The negative impact to millions of borrowers and lenders will be dramatic and I believe time will show this to be accurate.

Negative consequences keep a society in check and the left is increasingly allowing certain crimes and even incentivizing poor choices at alarming rates.

The current administration is restricting private business from recouperating lended funds with the force of law, while simultaneously creating and incentivizing young borrowers to be irresponsible.

Fast forward a decade and think about it. This is possibly the most damning thing Biden has done yet to solidify the hamstrunged trajectory of younger borrowers. 

The goal of the left is that this will disproportional ly impact minorities and I think it’s interesting they’ve made a real push to get minority students on insane debt?! Think about it.

Think of how these actions will impact decisions these borrowers make? Debt? Who cares right?

The left IS NOT there to help you, they’re there to KEEP YOU down in a calculated fashion, so you need government and will be locked in to voting Democrat out of necessity.

They’ve done this pushing the welfare state KEEPING a *disproportiona te* amount of black families in poverty for decades and now they’re coming for their families members and yours that work. Anyone can view the data where various Americans live and what political party is in charge, so none of this is opinion, it’s fact. They want you in the mud and staying there.

We’re watching the strong attempt to create a one party state, aka communism.

"Communism is not love. Communism is a hammer in which we use to crush the enemy.”

-Mao Zeding, Founder of todays Communist China