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Thursday, May 30, 2024

Mansion-Dwelling Millionaire Democrat Complains about Her Student Loan Balance

'Wails for home loan bailouts imminent... '

(Robert Jonathan, Headline USA) In the aftermath of the SCOTUS decision striking down Joe Biden’s student loan bailout, a prominent New York Democrat took to Twitter to complain about her six-figure law school debt balance.

The far-left politician didn’t seem to get much sympathy on social media, inasmuch as she and her entrepreneur husband were somehow able to afford a million-dollar home in a fancy Westchester County enclave.

In a tweet that received about 17 million views, former State Sen. Alessandra Biaggi lamented that “In 2012, I graduated from Fordham Law School with $180,000 is [sic] student loan debt. I’ve been paying loans for 11 years. Even paid two of them off completely. In 2023, my balance is $206,000.”

The red ink apparently didn’t prevent her from buying a lavish property in Bedford, N.Y. in July 2022 at a reported price tag of $1,137,500.

Biaggi, 37, has a purported net worth, based on one estimate, of nearly $3 million.

If a borrower was deemed eligible, the Biden administration plan — had the high court allowed it to go forward without the necessary approval from Congress — would have written off $10,000 of student loan debt, with the U.S. taxpayer picking up the slack.

Biaggi reportedly lived previously in a nearby town in a condo that was worth about $700,000 before upgrading to the three-bedroom Bedford abode located about 40 miles from New York City.

According to the New York Post, “The 2,468 square foot ranch sits on 4.3 acres of land, and comes complete with two wood burning fire places and an in-ground heated pool. A master bedroom features a full walk in closet, and full bathroom with jacuzzi.”

The real estate broker in the transaction reportedly was one of her campaign donors.

The Post noted that Biaggi is on record lamenting the high cost of New York housing.

Biaggi’s balance-sheet woes, which may have been merely performative progressive pandering, inspired many social media users to weigh in.

Fox News commentator Dagen McDowell, whose field is finance, was just one of them.

“This far-left ex-NY state senator [and] spouse bought a $1.13 Million home in a posh NYC ‘burb last year. The 20% down payment for a mortgage of that size would have more than paid off this student loan debt. Wails for home loan bailouts imminent,” McDowell observed.

DEI watchdog Christopher Rufo, among other influencers, quipped that “You need Dave Ramsey, not Joe Biden,” while author and commentator Jesse Kelly joked that “BREAKING: Woman spends more than she makes.”

Talk show host and former frequent Tucker Carlson Tonight guest Jason Rantz asserted that “Maybe Alessandra should ask whomever forced her to go to a private law school to pay her loans? Or maybe she could have paid back what was owed instead of moving into a $1.3 million dollar home?”

Political strategist and former Trump administration official Michael Caputo opined that “My plumber buddy owes nobody and makes $150,000 annually as a local business owner. He liked LA Law too, but he knew it was fiction. Watch less TV. Pay your bills.”

Even given the criticism and mockery mostly from the right side of the aisle, Biaggi’s original tweet nonetheless apparently received about 46,000 likes.

That kind of popularity hardly transferred to votes in 2022, however.

With an endorsement from the Squad’s Alexandria Ocasio-Cortez, Biaggi launched a Democrat primary challenge against then U.S. Rep. Sean Patrick Maloney in New York’s 17th congressional district.

Incumbent Maloney received about 70% of the vote in the primary election matchup with Biaggi.

Maloney subsequently lost to Republican state assemblyman Michael Lawler in the general election, an outcome that helped the GOP retake control of the U.S. House.

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