Posted on 02/21/2024 9:23:45 AM PST by ChicagoConservative27
It works very well - I must admit
Gotta love our Banana Republic
Biden administration to cancel another $1.2B of student loans
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But remember conservatives win on a message of low-taxes, fiscal restraint, and promises of endless wars. /s
But 95 billion for Ukraine, Israel and Taiwan is our patriotic duty.
Where is he getting the money for this. I thought SCOTUS said he couldn’t do this
He has already been forbidden by Supreme Court ruling from doing this. Why isn’t anyone doing anything about it?
I still haven’t received my “thank you” card from the deadbeats.
Great comparison. Well done,.
It’s only a matter of time until Dems do the same for mortgages.
I guess all federal loan programs can be converted to grant programs on a whim.
Of course this is illegal, but Biden will just do it and present it as a fait accompli before challenges can be litigated. The clock on a possible injunction to stop this will run out fast.
Once upon a time, in the distant past when Congress still had a budget process, this could not have passed muster on the Hill because a grant is an expenditure requiring enactment of dollar for dollar Budget Authority. Loan programs were multipliers because the underlying BA was substantially offset by projected repayments. Congress only needed BA to cover anticipated losses. Loan guarantees yielded an even bigger multiplier. If everything becomes a de facto grant, everything becomes an expenditure.
But since there is no longer a budget process, what the heck. The Treasury will just borrow whatever.
I am sorry my son ever sacrificed and repaid his student loans in full. He should be reimbursed and so should any American who repaid their student loans.
reason numerber 5 he should be removed violation of oath of office
What a great guy!
Where DOES he get all the money?
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It appears there is no enforcement of the prior ruling by SCOTUS. Or else the criminals in the RAT party found a way around the ruling.
“ Why isn’t anyone doing anything about it?”
Answer this question and you’ll know: Who is there with the power to “do anything” about it?
Is there an AG to bring charges? Is there an army to stop Biden and enforce the Supreme Court ruling? Is there a Congress not controlled effectively by Biden’s fascist party?
You live in a country with a government controlled by fascists. The fascist party has all the power. The Constitution is dead, only raw power matters now.
That part of the equation is in the 'past light cone'.
This is debt that is not being paid, and barely being collected. Dead debt, yet most of which could not be discharged in bankruptcy until The White Hospice also altered those rules last year.
This is purely The White Hospice pimping moral hazard to their hoodoo do-nothing koalition: 'there is no such thing as debt, and even if there is, it is illegal, and even if debt is legal, who is going to call us on it?'
One way to counter this would be a conservative vanguard swooping in to buy up private-market defaulted student loan debt at a discount and suing the daylights out of both the defaulters and The White Hospice, but Elon has too much on his plate already. So get at it, Freepers!
Well what republicans are best at is giving away leverage for free and folding faster than Superman on laundry day.
All of this means nothing if the Dollar collapses.
Yeah me too. My wife and I paid off our student loans back in the Eighties. Is this deal retroactive? Are we going to get a check? I better go check my mailbox.
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