Posted on 08/24/2022 8:46:56 AM PDT by Tell It Right
By what authority?!
Democrats reward criminals by allowing ‘no bail’.
Democrats reward the irresponsible by paying of their college debt with ‘other people’s money.
Democrats reward climate alarmists with subsidized electric cars when the electric grid can’t support them.
Democrats reward thieves by making theft a misdemeanor if what they steal is under a thousand dollars.
Democrats reward Cartels by giving free phones AND free monthly phone service to illegals cartels usher across OUR borders.
Can't the Republicans get some judge, any old federal judge, to issue an immediate injunction against enforcing the EO? That's what the Dems always do.
Why is student loan debt different from any other debt? How about a mortgage loan? Car loan? credit card balances?
And a forgiven loan is income - plan on declaring it as income on your tax return.
Thanks for mentioning taxes.
To begin with, Trump's red tsunami of patriot supporters need to start working with Trump-endorsed candidates ASAP to move tax day to the day before election day.
Next, the Supreme Court has clarified that Congress's very limited powers prohibit Congress from appropriating revenues in the name of state power issues.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." —Justice John Marshall, Gibbons v. Ogden, 1824.
Next, here is clarification by respected constitutional experts that INTRAstate education is uniquely a state power issue, not the business of the feds.
First, President Thomas Jefferson, in a State of the Union address, had used education as an example of things that the states would first need to appropriately amend the Constitution for before Congress could dictate, regulate, tax and spend for, smoothing that the states have never done.
“The great mass of the articles on which impost is paid is foreign luxuries, purchased by those only who are rich enough to afford themselves the use of them. Their patriotism would certainly prefer its continuance and application to the great purposes of the public education, roads, rivers, canals, and such other objects of public improvement as it may be thought proper to add to the constitutional enumeration of federal powers [emphasis added].” —Thomas Jefferson: 6th Annual Message, 1806." (Jefferson is indicating that Congress cannot tax and spend in the name of intrastate infrastructure imo.)
Justice Joseph Story later reflected on Jefferson's words that intrastate education is off limits to Congress.
"The power to regulate manufactures is no more confided to congress, than the power to interfere with the systems of education, the poor laws, or the road laws of the states [emphasis added]." —Justice Joseph Story, Commentaries on the Constitution 2, 1833.
And one reason that Biden is being front-ended regarding canceling unconstitutional student loan debt is because Democratic-pirated Congress is already taking heat from Trump's red tsunami of patriot supporter for blatantly unconstitutional, election year taxing and spending imo.
The bottom line is that the states desperately need to get rid of the unconstitutional middleman, the unconstitutionally big federal government, from “helping” the states to manage their revenues.
More specifically, Trump's red tsunami of patriot supporters need to start supporting Trump-endorsed state lawmaking candidates ASAP to do the following.
Trump-endorsed candidates need to stop unconstitutional federal taxes and unconstitutional interference in the affairs of the sovereign states by leading ALL the states to effectively "secede" from the unconstitutionally big federal government by repealing the 16th (direct taxes) and 17th (popular vote for federal senators) Amendments (16&17A).
Once 16&17A are gone, unconstitutional federal taxes permanently stopped, each state will ultimately find a tsunami of new revenues (imo) that can be used to increase teacher salaries, also salaries of police and fire departments for starters.
Let's also include new state funding for infrastructure maintenance in that list. Undoubtedly many other state social spending programs as well to replace former unconstitutional federal spending programs.
Additionally, no more forced compliance with Democratic politically correct and unconstitutional federal gender-related civil rights protections in order for school kids to eat likewise unconstitutional federal lunches paid for with stolen state revenues for example.
In fact, Justice Louis Brandeis had seemingly reflected on Bingham's words (above) when Brandeis volunteered his "laboratories of democracy" metaphor to emphasize the unique power of the states to serve the people, ultimately depending on the kind of state social spending programs that the legal majority citizen voters of a given state want.
"[...] a single courageous State may, if its citizens choose, serve as a laboratory; and try novel social and economic experiments without risk to the rest of the country." —Justice Louis Brandeis, Laboratories of Democracy.
Corrections, insights welcome.
That's what this is about. The cancellation will be quashed in the courts. This was about kicking the repayment down the road to the GOP 118th Congress, after Biden has to admit a recession after 3Q22 GDP contraction -- 3 successive quarters of contraction.
"Look, the GOP restarted your payments in a recession, can you believe that? Cmon man!"
Per WSJ:
Is my debt forgiveness tax-exempt?Debt forgiveness is often treated as income on taxes. But
fortunately for borrowers, this canceled student debt is
federally tax-exempt, as seen in other federal student debt
forgiveness programs.What if I’ve already paid off my loans?
As of the end of last year, fewer than 1.2% of borrowers
continued making payments on their student loans, Mr. Kantrowitz
said. But some of the borrowers who did took advantage of the
two-plus years of optional, interest-free payments to wipe out
their debt entirely.This measure won’t apply to balances that have already been
paid off.
Impeach! This is criminal. No where is the president given the power to arbitrarily disperse funds without legislation to first appropriate it.
Press conference up soon,
He will red what they wrote for him
He will shuffle away w/o taking questions
Stealing from the working class to give to the elites.
I paid mine off. I now want a refund!
I paid my way, paid off my wife’s student loans and funded both my kids way through college.
I want a big ass check.
How can this be legal?
Bidens not “Forgiving” anything - so does this mean colleges won’t get paid?
Just another redistribution of wealth scam.
No. People who didn’t take out student loans and those who have paid off their loans will pay off the loans of those who still have loans.
I heard an analyst say the majority of the money will pay off loans for advanced degrees: attorneys etc.
Have we got a deal for you (re votes)!
By what authority?
GRANTS usually do NOT require repayment........
It will piss off those of us who PAID for our own college expenses——
It will piss off those who still owe such loans and they wanted a higher amount to be written off..........
It will piss off those who suddenly find that they OWE INCOME TAXES on this loan forgiveness.
It will piss off the lenders........
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