Question of the Week 7

by | Sep 7, 2022 | Journalism, Question of the Day, Question Of the Week

By Randall Poulton

Answer  to Last week’s question: President Biden announced a plan whereby he  unilaterally  “forgave” all, or portions of, 43 million outstanding student loans. In  that context, which of the following statements is false? The  answer is “C”

A. According to the Constitution, only Congress, acting in the name of the USA,  can raise money, spend money and borrow money. True – I am confused how Biden can unilaterally forgive (i.e. payoff) student loans. Isn’t that spending taxpayer money?

B. The White House  refuses to put a price tag on Biden’s plan. But, based on Biden’s own  numbers, the cost of his plan could be well over half a TRILLION  dollars.

True – The exact cost will depend how many people apply for the forgiveness.

C. At the federal level, the amount of student loan forgiveness an individual receives will count a taxable income. FALSE! There was a  clause buried in Biden’s $2 TRILLION American Rescue Plan (ARPA) that, during the years 2021-2025, any college loan forgiveness would be tax  free at the federal level. So, now is the cost of ARPA $2.5 TRILLION?

D. In Maine, a married couple who made $300,000 in 2020 could get as much as $40,000 in loan forgiveness.

True – To qualify for forgiveness a married couple’s income must be under $250,000 in either 2020 or 2021E. People who have repaid their student loans will now have to pay for the loan forgiveness  of those who did not. True. The only winners in this government give-a-way are the people who didn’t repay  their loans!

During COVID we heard a lot from the WHO and CDC and NIH and Wuhan. But strangely, we did  not hear much about “You Sam Rid”. Who or What is You Sam Rid?

A. You Sam Rid is the name of a company that makes anti viral drugs that rid the body of  all viruses.

B. You Sam Rid is the nick name for the University of Samuel Riddle, a world leader in biological  research.

C. You Sam Rid is how people pronounce the acronym USAMRIID

D. You Sam Rid is  Biden speak for Yousef Raashid, the Nobel prize winning viral biologist  who may have “invented” COVID.

E. You Sam Rid is a miracle disinfectant that the Army uses when biological agents are deployed  on the battlefield


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