The Obamas know the challenge of student loan debt firsthand. Stand with @BarackObama to make college affordable: OFA.BO/FRbaWX
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Michelle Obama (@MichelleObama) April 26, 2012“We know the ‘challenge’ of student loan debt.” On an income of $272,000 per year!
Man and woman of the people! Only not so much, as ABC’s Jonathan Karl reported earlier.
Here’s a rundown of the president’s income, according to his tax returns, in the years before he paid off his student loans:
2004: $207,647
2003: $238,327
2002: $259,394
2001: $272,759
2000: $240,505
In 2001 and 2002, the Obamas would have met the $250,000 standard the president has set for those wealthy enough to afford to pay more taxes.
It’s also notable that the Obamas didn’t claim deductions for student loans on any of those years, most likely because they made too much money to qualify for the student loan deduction.
How “challenging” having to pay back money that you willingly borrowed, all on a measly $272,759 per year!
Twitter users help with the debunking.
@MichelleObama Why did the Dems Pass the bill to double the rate in the first place? This is a phony argument. Made up.—
George Carl (@georgecarl1955) April 26, 2012
The Obamas’ struggle to pay off #studentloans. It's heart-rending story about sacrifice and doing without. blog.sfgate.com/djsaunders/201…—
Debra J. Saunders (@debrajsaunders) April 26, 2012
Heh. Excellent snark.
Not lack of $. Maybe no sense of responsibility? RT@DougDueck: What took Obama so long to payoff their student loans? abcnews.go.com/blogs/politics…—
Gary Ward (@gwardhome) April 26, 2012
@keder "they made too much money to qualify for the student loan deduction." One percenters!!!—
Jay Caruso (@jaycaruso) April 26, 2012
Wow. Talk about a “silver spoon.”