Inside the ring road: “Uncle Sugar” at work

In the era of student loan forgiveness, the National Review columnist Jim Geraghty suggests that the nation’s iconic hero “Uncle Sam” should now be called “Uncle Sugar”.

Indeed, there is some federal generosity going on President Biden revealed its new plan to eliminate the $1.6 trillion in outstanding student loans held by some 43 million borrowers.

That’s a lot of sugar.

“The biggest beneficiaries would be white Americans under 40 who have advanced degrees and live in high-income, majority-white neighborhoods — in other words, extremely online Democrats. Biden’s Hail Mary pass for future terms is a massive transfer of wealth from taxpayers to the Democratic Party’s militant class, and it will exacerbate the already severe inflation crisis,” Geraghty wrote.

“If you borrow money and sign a contract promising to pay it back, you have to pay it back or you will suffer serious long-term financial consequences. Or at least that’s how it worked until the Democrats decided they could win a lot of votes just by waving a magic wand and declaring that people didn’t have to pay off their student debt.” , summarized the columnist.

Incidentally, Mr. Geraghty based his judgment on an analysis titled “Who Are the Federal Student Loan Borrowers and Who Benefits from Forgiveness?” released Monday by the Federal Reserve Bank of New York Liberty Street Economics.

ABBOTT DOES THE CALCULATIONS

Numbers sometimes speak louder than words. governor of texas Greg Abbott continues to warn the nation against opening borders, a case made especially effective with the use of numbers.

“People need to understand the volume of people crossing the border. In Texas alone, just during the Biden administration, over 1.6 million people were apprehended,” Abbott told Fox News on Tuesday.

“Think about it. It’s bigger than the city of Dallas, bigger than the city of San Antonio. And that’s not counting all the people who haven’t been apprehended. the Biden administration, that would mean 18,000 people crossing the border a day, which, in turn, would mean more than six million people crossing the border every year,” Abbott mentioned.

“It’s twice the size of the city of Houston. There is no way for the United States to assimilate or deal with all these people constantly rushing across the border. And that’s the problem we have there. Border Patrol is understaffed,” the governor noted.

The incoming population would also exceed the number of people living in Washington – which is 689,545, according to the US census. This is something lawmakers need to think about.

FOR THE LEXICON

“Cruz Missile.”

This intriguing little phrase comes from Ted Bud, a small-business owner, fiscal conservative, and life member of the NRA, who is currently running for the U.S. Senate seat in North Carolina. The candidate is happy to have obtained the approval of the senator. Ted Cruz.

In his endorsement, the Texas Republican noted that Mr. Budd “will champion conservative principles and be a bulwark against Biden’s disastrous agenda.”

The candidate has his own comment on the endorsement: “The Cruz missile is on target for victory,” he noted in a campaign statement.

“The cause is too important to sit back, shut up and wait our turn. Conservative principles are challenged every day and it is extremely important that we have conservative fighters representing working families in North Carolina,” Budd said.

SIR. FLEISCHER HAS A BOOK

A forthcoming book lays out many flaws in the news media, written by an eyewitness to such flaws and shenanigans.

Ari Fleischer — press secretary to the former president George W. Bush – wrote “Suppression, deception, snobbery and prejudice: why the press gets it so wrong – and doesn’t care.”

Yes good.

“The book dives deep into how the press has helped divide the American people. The press has increasingly become a bunch of college-educated Democratic voters who have lost the trust of the American people,” notes Broadside Books — a conservative imprint of HarperCollins Publishers — in advance notes.

“Half the country is well aware that they are routinely mocked and scorned by much of the media, which, especially in the Trump era, suppressed stories that helped Republicans and misled viewers and readers. with fake stories that helped Democrats. The book includes chapters and analysis from CNN and The New York Times in particular,” Broadside said.

Mr. Fleischer’s book arrives July 12.

NEWS YOU CAN USE

A large asteroid with a diameter of up to 2,560 feet will pass by Earth on Thursday at a speed of 23.264 miles per hour – meaning it could roughly follow the New Jersey Turnpike.

But do not worry.

“Fortunately, the asteroid should fly past our planet without any risk of impact. At its closest point, the asteroid – traveling at more than 30 times the speed of sound – will approach within approximately 2 million miles,” wrote Ben Turneranalyst for LiveScience.com.

But wait, there’s more.

“Thursday’s asteroid may not even be the largest space rock to pass us in the coming weeks. That title will likely go to 467460 (2006 JF42), which has an estimated diameter between 1,247 and 2,822 feet and will be moving at around 25,300 mph when it passes us on May 9,” Mr Turner said.

SURVEY OF THE DAY

• 56% of American adults “strongly” or “somewhat” disapprove of the work done by the US Congress; 74% of Republicans, 60% of Independents and 41% of Democrats agree.

• 19% overall approve “strongly” or “somewhat” of the work done by Congress; 8% of Republicans, 12% of Independents and 36% of Democrats agree.

• 15% neither approve nor disapprove of the work done by Congress; 12% of Republicans, 17% of Independents and 15% of Democrats agree.

• 11% are unsure of the problem; 5% of Republicans, 11% of Independents and 7% of Democrats agree.

SOURCE: An Economist/YouGov poll of 1,500 American adults conducted April 16-19.

• Follow Jennifer Harper on Twitter @HarperBulletin.

Rachel J. Bradford