Schumer calls on Biden to bypass Congress and forgive $50K in student loans per person

The Hill ^ | Dec 7, 2020

[ml/nj]

IT’S NOT HIS MONEY TO GIVE !

I say this as someone who shelled out a quarter million in cash between my two kids nearly two decades ago.

ML/NJ

[DMD13]

I finished paying mine off 6 1/2 years ago. Since mine was less than $50k, can I get my money back?

[Maudeen]

Many of the diplomas aren’t worth a plug nickel.

[Presbyterian Reporter]

“””We’re about to explore to outer limits of executive power.”””

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Before that happens we will have seen there are no limits to political crimes.

[Pearls Before Swine]

Isn’t “no interference with contracts” in the Constitution?

And if the give back is on government, rather than privately sourced loans, isn’t it an expenditure that has to be budgeted and authorized by Congress?

In other words, how can Biden do this?

[hanamizu]

“The Constitution says...”

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What a quaint, old-fashioned phrase. /s

[Telepathic Intruder]

I personally hate all the debt that universities are forcing on students. But once the loan is made, it has to be honored or people will lose their jobs.

[aMorePerfectUnion]

Gee, if you can unilaterally forgive $50k of debt by issuing an order, why not $250k?
Why not just give everyone $250, and let them pay off debt, spend or invest?

Idiots.

[griswold3]

Now you’re talking!

[Presbyterian Reporter]

“””Schumer knows Biden might not be seated as POTUS and is trying to start a Civil War.

There is absolutely no reason for him to make that statement now.”””

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I am with you. The Big Chiefs at SCOTUS have not spoken.

[Vendome]

yeah, the constitution is nothing to you pricks.....

[Golden Eagle]

Clearly designed as a bribe to gather support for Democrats, announced now to help gather soldiers in their ongoing election fight with Trump.

Any honest remedy to this problem would include the universities be responsible for any potential “refund.”

[NTHockey]

Well, Schmucky is right about not needing Congress. Most dictatorships don’t need a Congress. Then again, thinking of Creepy Joe as a dictator is comical.

[Rummyfan]

Well, why doesn’t he just forgive my MasterCard debt too?

[PGR88]

and if you don’t have student debt, will they just cut you a check for $50K?

[ifinnegan]

Yeah, you should.

I mean why not?

[usconservative]

I’m not a lawyer, but my BS meter says that the President does NOT have the authority to do that via an executive order.

Silly you, laws are for the little people.

[snoringbear]

“ I’m not a lawyer, but my BS meter says that the President does NOT have the authority to do that via an executive order.”
**********

I’m not a lawyer either but I think an EO can not be used to change a legislative bill.

[W.]

I did, too, and I’ll have mine back as well, with 45 years of interest as well at the rate of 14%... Be a nice chunk ‘o change!

[Presbyterian Reporter]

“””Clearly designed as a bribe to gather support for Democrats”””

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And/or clearly designed today as a bribe to encourage rioting, looting, and pillaging if the Democrats do not get their way.

The antifa riots from May thru September were just training sessions for what they intend if SCOTUS rules against the Democrats. Personally, I am not afraid of antifa as they will soon find out we do have an Insurrection Act.