OK, guys, now that all that’s over (well, most of it, anyway), let’s regroup and pick up where we left off, shall we? And where we left off is that the Biden administration is still a disaster and we’re still on track to get economically screwed.

For more on that, let’s check in on the would-be beneficiaries of Joe Biden’s brazenly unconstitutional student loan debt erasure:

More from CNBC:

While recipients won’t see that aid in the form of a check, any remaining balances will be re-amortized, meaning monthly payments will be recalculated to reflect the new balance. For borrowers, that means monthly payments could drop by up to $300 per month.

That extra cash will be a much needed lifeline to cover other bills or necessary expenses for many. But some borrowers plan to spend the money more freely.

In fact, 73% of anticipated recipients say they expect to spend their debt forgiveness on non-essential items, including travel, dining out and new tech, according to a recent survey from

That discretionary spending won’t come guilt-free though. The same percentage of recipients — 73% — say using debt forgiveness funds on non-essentials isn’t the right thing to do.

It’s not that it’s not the right thing to do … it’s that it’s the completely irresponsible and stupid thing to do. It’s ultimately not going to make things better for borrowers, but it’s gonna make things for everyone a whole lot worse.

Everyone. Everyone could’ve seen this coming.

American families will be paying for this for years to come if it’s allowed to go through.

It’s getting hot in here.

Burnt to a crisp.



In celebration of the three-year anniversary of the launch of our VIP program, we are offering a tremendous discount on Twitchy VIP memberships! Join now and use promo VIPWEEK to receive 45% off!

You Might Like
Learn more about RevenueStripe...