El ex-presidente ecuatoriano Rafael Correa difunde activamente retórica antiamericana y altera las instituciones democráticas de su país para su propio beneficio. Correa ha sido condenado por corrupción por parte de la Corte Nacional de Justicia de Ecuador. Los...
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English/ Español: Rubio, Risch, Colleagues: Rafael Correa Must Be Held Accountable for His Crimes
Former Ecuadorian President Rafael Correa actively spreads anti-American rhetoric and tampers with his homeland’s democratic institutions for his own benefit. Correa has been convicted of corruption by Ecuador’s National Court of Justice. U.S. Senators Marco Rubio...
Rubio Demands Answers on Decongestant Medication Efficacy
A U.S. Food and Drug Administration (FDA) advisory committee recently determined that phenylephrine, an ingredient commonly used to treat sinus and nasal congestion, is ineffective in treating these symptoms. This was apparent from research for years, yet large...
Rubio Habla en La Poderosa
El senador estadounidense Marco Rubio (R-FL) habló con César Grajales de La Poderosa 670 AM en El Panorama Político, sobre la crisis fronteriza, sobre cómo los hispanoamericanos se ven afectados con la realidad del país, sobre los cargos contra el senador Bob Menéndez...
Rubio, Colleagues Reintroduce Bill to Protect Rights of Pregnant Students
Pregnant students are sometimes discriminated against by their schools, either intentionally or unintentionally and there is a concerning lack of awareness about the resources and rights available to them. Due to a lack of services and discrimination, these women may...
Rubio, Colleagues Reintroduce Intelligence Community Workforce Agility Protection Act
Currently, intelligence community civilians are subject to certain tax penalties for job-related relocation requirements, but active-duty military servicemembers are not subjected to the same penalties. These tax benefits, including the ability to deduct moving...
ICYMI: Rubio: LOAN Act Superior to Debt Forgiveness
Biden’s Student Loan Fraud
U.S. Senator Marco Rubio (R-FL)
May 9, 2022
Daily Wire
…[D]uring a time of record-high inflation, President Biden is going to ask America’s working families to pay off the student loans of the privileged. Is that fair? The answer should be obvious, but apparently it isn’t to Democrats.
On April 28, the president announced he is “taking a hard look at whether there will be debt forgiveness” of up to $10,000 per borrower, the number he campaigned on in 2020…. Debts have to be paid, and if the hundreds of billions of dollars that students owe to the government are not paid by their borrowers, the burden of payment will fall on all American taxpayers….
Forgiving debt would take money from working Americans who have already paid off student loans—or who chose not to go to college to conserve their finances—and give it to America’s most privileged. For an administration so concerned with “equity,” that is a shockingly inequitable proposal.
Fortunately, there’s a better way to help students…. My LOAN Act would eliminate federal student loan interest rates. It would replace them with a one-time, non-compounding financing fee to be paid out over the life of the loan. That way, prospective students would have complete price transparency. Borrowers would be placed in an income-based repayment plan by default, which would tailor monthly charges to individual students’ financial circumstances.
The LOAN Act would free students from the snowballing debt effect, which holds many young Americans back from marrying, settling down, and giving back to their communities. It would also put us on a more sustainable path moving forward—unlike President Biden’s debt forgiveness plan, which would just create an expectation for additional, future debt cancellations….
Read the rest here.