Thousands for French Bulldogs and frozen eggs, not one penny for debt
/AOC’s student debt unpaid as she embarks on costly egg-freezing journey
WASHINGTON — Rep. Alexandria Ocasio-Cortez (D-NY) has made at least $174,000 annually for nearly eight years as a member of Congress, but like many of her “Squad” colleagues, she has yet to put a substantial dent in her student loan debt, according to House financial disclosures.
The Bronx and Queens Democrat has owed between $15,001 and $50,000 in federal student loan debt since her election to the House in 2018. That’s the same amount she owes now, according to her August disclosure, where lawmakers report ranges for debt and income. [Originally $20,000, she still owes $19,000 — Ed]
The “Tax the Rich!” pol reported less than $81,000 in total assets.
Recently, Ocasio-Cortez has suggested that she’d been saving up for some time instead to freeze her eggs, a process that can cost between $10,000 and $20,000 per cycle.
Ocasio-Cortez amassed the loans while attending Boston University as an international relations and economics major between August 2007 and May 2011 — and went on to tend bar in Manhattan before her successful run for Congress.
The “Squad” Democrat has consistently backed student debt cancellation. During former President Joe Biden’s term, she even pushed the 46th commander-in-chief to cancel as much as $50,000 in debt per student borrower. ….
“Entire generations of working class kids were encouraged to go into more debt under the guise of elitism. This is wrong,” she said in February 2021. “Nowhere does it say we must trade-off early childhood education for student loan forgiveness. We can have both.”
I asked Chat to calculate how much our socialist parasite would have had to pay each month to retire her $19,000 debt:
Even at a fairly high 8% interest rate, approximately $300 per month beginning in late 2019 would have retired the entire $19,000 by around now.
There's an additional wrinkle that's quite important: federal student-loan payments and interest were suspended for a substantial period beginning in March 2020. Depending on the type of federal loan she had, that could have meant 0% interest and no required payments for roughly 3½ years. Consequently, simply applying an ordinary 6–8% amortization schedule over the entire period actually makes repayment look more expensive than it may have been.
Related morality of the pampered idle class:
New Yorkers take Zohran Mamdani free bus promise literally as MTA loses millions in skipped fares
Bus fare collections drop $31M as transit bosses warn high-earning commuters pass costs to taxpayers
Mamdani made the slogan "fast and free buses" a major part of his 2025 mayoral campaign. However … experts [and what would we do without experts? — Ed] and union leaders say the "free bus" rhetoric has already contributed to fare evasion.
John V. Chiarello, president of Transport Workers Union Local 100, the city’s largest transit union representing more than 40,000 transit workers, told Fox News Digital that current fare evasion levels are the "worst" his drivers have seen.
He noted that buses were temporarily free during the COVID-19 pandemic and said the MTA worked to reverse the resulting habit of not paying fares, but that behavior has resurfaced in recent months.
"Once you make something free, and you give people a feeling of entitlement, and then the mayor says that he wants to make buses free, you have a perfect storm of people not wanting to pay," Chiarello said.
Chiarello noted that union rules strictly instruct bus operators not to confront fare evaders for their own safety following past violent attacks on drivers. He also pushed back on claims that fare-jumpers are strictly low-income New Yorkers.
"I can see myself when I'm sitting in the buses where people with suits are coming on. These are people that have the money. It's just that they're not paying because it's in vogue now," Chiarello added.
Lieber made similar comments, calling on higher earners to pay their fares rather than pass the cost on to other taxpayers.
"For all the people who are on their way to office jobs, who are making a good income, who walk by the bus driver and don’t pay or get on the back and don’t pay, I say it’s time to be New Yorkers," Lieber said, according to The New York Post. "You’re just passing along the cost to another taxpayer. Somebody’s going to have to pay for that ride."
The MTA is also losing fare revenue from riders who do not pay. Nicole Gelinas, a senior fellow at the Manhattan Institute specializing in urban policy, explained the fiscal impact of the mayor’s proposal.
"The [Independent Budget Office] has estimated free buses would cost the MTA about $1.1 billion a year in fare revenue. And we need that money. The MTA [is] already looking at a $300 million deficit for next year," Gelinas told Fox News Digital. "The idea of giving up a billion dollars plus in fare revenue from the buses, when you have no way to replace that, it's just not fiscally wise."
Gelinas said a herd mentality is also at play, with paying riders watching others board without paying.
"You pay your fare, and then you watch 10 people get on and not pay the fare. So at some point, you're just going to think like, ‘Why am I paying the fare?’" Gelinas said. "So you really want to move back from that tipping point because, right now, if you're paying the fare, you're basically subsidizing the people who are not."