Posted on 08/27/2022 11:28:52 AM PDT by John Semmens
There is no provision in the US Constitution granting the president the power to unilaterally cancel debts owed to the government. House Speaker Nancy Pelosi (D-Calif) has explicitly stated that "control over spending is a power the Constitution delegated to Congress." Former Obama administration attorney Charles Rose argues that Biden lacks the authority to unilaterally cancel student debt.
Nevertheless, President Biden asserted that "the Constitution doesn't apply. The pandemic emergency that I recently extended overrides that and gives me the authority to do whatever I deem is necessary for the good of the country." Whether canceling hundreds of billions in student debt is good for the country has been challenged from several angles.
Former Obama adviser and Harvard professor Jason Furman said "pouring roughly half a trillion dollars of gasoline on the inflationary fire that is already burning is reckless. A policy granting debt forgiveness of up to $40,000 to a married couple making $249,000 shifts their burden onto lower-income taxpayers."
Rep. Tim Ryan (D-Ohio) argued "it sends a wrong message to those without a degree working hard to make ends meet. Waiving debt for those already on a trajectory to financial security—on average, over the course of a lifetime, a college graduate will make a million dollars more than someone without a degree. This is unfair."
Nonprofit Taxpayers Protection Alliance President David Williams complained that "Biden's plan will overwhelmingly benefit wealthy Americans and increase the deficit and debt. People who either didn't take out student loans or paid off their loans are frustrated and feel betrayed by the Biden Administration."
Senate Minority Leader Mitch McConnell (R-Ken) asserted "President Biden's student loan socialism is a slap in the face to every family who sacrificed to save for college, every graduate who paid their debt, and every American who chose a different career path or volunteered to serve in our Armed Forces in order to avoid taking on debt."
CNN Chief Business Correspondent Christine Romans predicted that "the winners will be the colleges that will just keep raising tuition again and again and again as they have after every government action aimed at helping college students pay for school."
Fox News White House correspondent Peter Doocy wanted to know "who is paying for this? How can you spend $300 to $900 billion extra and not increase the deficit?" White House press secretary Karine Jean-Pierre chided him for "overlooking the Inflation Reduction Act's $80 billion funding for 87,000 more IRS agents. This will boost the number of taxpayer audits by more than 300% and should extract enough additional revenues to pay for the canceled student debt."
On the other hand, Rep. Debbie Dingell (D-MI) defended Biden's action, saying "I'm really tired of all the complaining. We've finally got a President with the guts to do what needs to be done. They're lucky he didn't take everything they have. During a declared emergency the President has broad powers—including confiscating and redistributing the nation's wealth to ensure that our scarce resources are more efficiently used."
Meanwhile, the Federal Student Aid (FSA) website crashed under a flood of new requests for loans from students hoping to get money that won't have to be repaid. Senate Majority Leader Chuck Schumer (D-NY) called the crash "totally unexpected. Who would've thought that our nation's best and brightest students would choose this moment to add to our national debt in such a callous exploitation of the President's generosity?"
In related news, Democratic Texas gubernatorial candidate Beto O'Rourke promised "I will restore the sacred right of abortion by following the President's example. When I'm elected I will declare an emergency and veto the law that limits abortion to the first 15-weeks of pregnancy. Women must have the right to end the lives of their unwanted children whenever they become too burdensome on their personal autonomy. I will make that happen."
If you missed any of the other Semi-News/Semi-Satire posts you can find them at...
https://www.gopbriefingroom.com/index.php?topic=478921.0
When they don’t have to worry about votes, corrupt politicians can do whatever they want. That’s called fascism, something they like to accuse others of for obvious reasons.
As much as anything the rats timed this so scumbags like Ryan can “show their independence” and come out against it to help them get elected.
Maybe I missed it, but I haven’t heard one Republican standing up to this illegal use of Executive power in any ‘meaningful’ way. I’m just hearing it’s a ‘bad idea’ from both sides. So when does this go to the courts?
Maybe that’s how we should refer to the Libs programs, Slavery!
The constitution is now null and void. Hail King Joseph I. His next act is to eliminate the republic and void Congress.
I think neutralizing Congress & the courts will be the route taken—like Rome did as it replaced the republic with an autocracy. They still had “senators” to serve as yes men and camouflage the tyranny. They also provided bread and circuses (chariot races & gladiators) to mollify the idle and parasitic lower classes—just like today where we have welfare and taxpayer-subsidized pro & college sports.
The atrocities to come from our transition to a woke society will get worse. At some point, the media may wonder how it all happened—oblivious as they are to their own role in stamping out freedom of thought and honest reporting.
No way Biden will be impeached and removed from office. Like President Jackson, he will do whatever he wants. Jackson ignored the Supreme Court and their decrees.
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