I watched this video today.
#CNBC Why Americans Are Drowning In Debt
https://www.youtube.com/watch?v=RNQ2yfyzOi4
No documentary or news report is completely neutral or objective. With documentaries, the author reveals their biases or political slant by the representative case study they use 'humanize/personalize/simplify a complex problem.
In this documentary about about 'Americans drowning in debt,' CNBC tries to convince you that debtors are 'victims' of the vicious 'debt monster' that sneaked up on them and somehow tricked them into spending a lot of money they could not, or do not want to pay back.
The person they chose to highlight this is a woman. She is about 30 years old and lives in a city. Let us tick off all the 'red flags:"
- She borrowed money for a useless non-STEM bachelors degree
- She borrowed money for an even more useless non-STEM masters
- She still owes $52,000 in student loan debt
- She still owes almost $10,000 for her new SUV
- She still owes $180,000+ on her home
- She is $240,000 in debt, which she says makes her 'anxious.'
- She does not like having to choose between buying her necessities and paying her debts every month.
- She complains that even with her masters degree and 10 years of experience,
she sometimes has to work 2 or 3 jobs to make ends meet.
- She works as a.... social worker
Go 7 minutes and 30 seconds, and she sums up her entitled attitude"
"Even just at my age,
I want to be able to embrace and do all the things that I want to do in life.
And it is constantly in the back of my head
whether I should pay off the debt today,
or should I go and embrace the things that my beautiful city has to offer.
No person should have to have that going through their head on a daily basis."
She says this sincerely, and with no hint of self awareness or perspective.
This is the kind of voter that Biden is buying with his student loan 'forgiveness.'
I put 'forgiveness' in quotes. Forgiveness is granted when someone hurts you or society, makes amends, promises not to do it again. Forgiveness is not when Peter breaks into Paul's store, steals from Paul, and Paul pays to fix the broken door and pays for the stolen merchandise.
In this case, the debt does not disappear. It is put on the backs of those that did not go to college or did go but paid their debt.
But why do I call this a unconstitutional theft from some people to benefit other people a 'stealth bachelor tax?'
This plan is a $10,000 gift to those earning less than $125,000 a year, or $250,000 per household. Why was $125,000 picked as the cut off? Is that a lot of money?
It depends upon your location. In low cost of living, low tax, low population, "fly over country" 'red states' $125,000 is a lot of money, money earned by professionals, very successful tradesmen, etc. But in the top 10 urban enclaves, in those electoral college vote-rich coastal blue states, $125,000 allows Biden to gift a key demographic: women who did not major in STEM, who work high-speed tap-dancing yo-yo jobs in government offices, public schools, non-governmental 'foundations,' etc.
In 40 of the 50 states, $125-$100k a year allows you to pay a thousand a month towards your student loan and eliminate your debt within a few years.
This plan robs the plumber, the soldier, the carpenter, the county sheriff, the truck driver to pay off the loan of the blue haired barista at Starbucks or the surly Department of Motors Vehicles clerk with the ring through her nose who racked up $100k in debt to get a degree in Feminist Pottery.
Even the 'poster child' in the CNBC documentary, chosen to be the most sympathetic example of someone 'drowning in debt,' feels like she deserves to enjoy so much luxury and not have to make any sacrifices at all. If she is drowning in anything it is entitlement.