Posted on 07/22/2023 5:56:54 AM PDT by MtnClimber
Faster than you can say "privileged student freeloader parasites," President Joe Biden (D) announced still yet another plan that will "forgive" students from repaying loans used to pay high tuition at expensive colleges so they wouldn't have to attend taxpayer-supported, low-tuition public colleges. Or work. Or attend job-focused trade schools.
"Can the Secretary use his powers to abolish $430 billion in student loans, completely canceling loan balances for 20 million borrowers, as a pandemic winds down to its end?" wrote Chief Justice John Roberts in the majority opinion for Biden v. Nebraska. "We can't believe the answer would be yes."
And thus, the mean justices of the Supreme Court, who dutifully followed the law, forced his hand, Biden proudly proclaimed, when they struck down his original plan to relieve more 39 million student borrowers from repaying their loans. Not willing to follow the law as proclaimed by knowledgeable Supreme Court justices, instead, under Biden's new and definitely unimproved scheme,
[t]he Biden administration said 804,000 people will learn that their debt has been discharged. These are people who were enrolled in IDRs (income driven repayment) and who have accumulated the equivalent of either 20 or 25 years of qualifying monthly payments, the administration said. ...
Why are they getting loan forgiveness now?
The administration said it is discharging the loans now because it wants to fix "historical failures" in how IDRs were managed.
"Historical failures." Hmm...does that mean that lower-income Democrat borrowers, majoring in grievance studies, who couldn't find jobs, resented repaying their loans and threatened to sit out elections, thus depriving Democrats of their votes? Just asking.
(Excerpt) Read more at americanthinker.com ...
I thought that was Obama?
Well, you might be right. I don’t know
I think it involved GM and preferred stock.
Same here. At one time, I worked 3 part-time jobs ...all at the the time, while I was enrolled. The only thing I remember of my college experience is that I was always tired. My mom said I slept for 3 straight days after graduation.
I don’t know what the rush to finish in 4 years is all about. Work is a terrific experience for your resume. But young people think the US taxpayer owes them a 4 year party!
A lot of you are looking at these “loans” like what you do to buy a car, or get a mortgage (or even apply for a credit card). Nothing could be further from the truth.
I have seven kids. Four bachelor’s degrees, 1 junior (Zoology), 1 sophomore (engineering), and one in high school.
No loans - ever.
But I have been through in-processing six times, and I can tell you that these “loans” appear out of nowhere, don’t seem to require much if anything in the way of consent (”everybody does it, check the box, what’s wrong with you”), and if I were a cynic (tee-hee) I would say it’s a covert way for Congress and the Executive Branch to shovel money directly to colleges and universities, hoping to tag some 18 year olds along the way who can become Special Taxpayers with lifetime responsibility for Federal spending on leftist propaganda.
And, yes, I worked during college and the first two years of medical school on a factory floor and as a letter carrier, and I paid my bills. But medical school was $1600, and NY State paid half. Medical school is now $90,000/year. That’s a lot of mail through the slot.
It’s not lazy students majoring in Trans studies, it’s a gigantic scam, run by the government for the sake of their allies in the universities, with students holding the bag.
Well now...... that episode means it involved me.
Yes, Obama’s Jewish hitman, Ratner, Stole the retirement funds from thousands of Americans by bankrupting GM and paying the United Auto Workers claims ahead of the bond holders like me
Not only did Ratner void the contract, but he stole the money in the process.
Both Obama and Ratner are still alive and shouldn’t be
Biden is an arse and always be an arse.
The issue should be that the students are granted “forgiveness” it should be that they have the opportunity to go through Bankruptcy like any other massive debt.
Millionaires and Billionaires like Trump are able to wipe away millions of debt through Bankruptcy.
Why in the hell can’t those who are struggling with let’s say 40,000 of student debt be able to wipe away this away like fools who rack up credit card debt, car debt or other debt?
TOTAL SCAM by the powers that be.
The issue should NOT BE that the students are granted “forgiveness” it should be that they have the opportunity to go through Bankruptcy like any other massive debt.
It was hiding in the back of my brain pan…
It looks to me like there is a huge excess of administrative staff at universities today. I would estimate that excess employees are at least 500% of what is necessary. Once these people are in place, how do you ever get rid of them to make college affordable again?
If there is to be any repayment of college loans, it should be accomplished by the colleges themselves. If there is any overcharge for tuitions, aren’t they the ones responsible? The general public, particularly the ones who never went to college, certainly have no responsibility. I’m older than Biden & totally understand this, so why can’t he? Of course, I’m not fishing for votes to get reelected.
In addition to saving all the money myself to put three kids through college, I paid for 12 years of parochial school for each of my three children because the public schools in one of the most expensive per-student counties in Maryland were so bad.
Can I get my money back? I have receipts for every tuition bill I paid. It’s over 1 million dollars. You can repay me with interest of course during my retirement or in a single lump sum payment.
Ain’t that a cozy arrangement?
“Thus Spake Zarathustra”
Now we know the inspiration for Joe Stolen, the works of Friedrich Nietzsche. And like so many before him, good ol’ Joe has completely misinterpreted the works of Nietzsche. The interpretations of the Nationalist Socialist took the exact wrong lessons from the writings, and good ol’ Joe merely adopted those lessons without any critical review at all.
If I may ask, what is your melanin level on a scale from zero to ten? I can base my reimbursement rate on that score. I also paid tuition for a couple kids in high school.
Well, the main driver of the PRICE TAG of college is Federally-guaranteed student loans not dischargeable in bankruptcy, along with Federal diversity, equity, inclusion, and sexual equality mandates which implicate research grants.
Looking at this as a "lazy students majoring in women's studies" is looking at it backwards.
It's the Federal machine. They want their friends to have jobs that will not be productive and that will promote sexual disorder, low birth rates and revolution. They have two main policy levers to fund these objectives - research grants and student loans. The end result doesn't have to be scientific discoveries or capable graduates (although both do happen), but rather increased enrollment, increased administrative positions to keep midwits from Brown out if the dreaded private sector, and forward movement of the revolution.
If you want this to get better, the three main line of attack are 1) Proper loan processing with credit analysis, full disclosure, and return to loans dischargeable in bankruptcy; 2) Admission standards that will cut the four-year baccalaureate population by 50%-75%; 3) Ban propagandizing the "need for college", at least in elementary and middle schools.
It would also be nice to re-open the six-year medical schools that accepted you out of high school - but that's a different topic.
Ditto.
"Thus decrees Biden [??? emphasis added]: You shall pay others' student debts"
FR: Never Accept the Premise of Your Opponent’s Argument
Again, just like 2nd term Obama, Biden is now corrupt Congress's scapegoat, Congress first letting Obama, and now Biden, front-end Congress's unconstitutional mischief, particularly where the vote-winning, but unconstitutional spending of our unconstitutional federal taxes are concerned.
"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.
“If the tax be not proposed for the common defence, or general welfare, but for other objects, wholly extraneous, (as for instance, for propagating Mahometanism among the Turks, or giving aids and subsidies to a foreign nation, to build palaces for its kings, or erect monuments to its heroes,) it would be wholly indefensible upon constitutional principles [emphases added].” — Justice Joseph Story, Commentaries on the Constitution 2 (1833).
Speaking of RINOs not impeaching Biden, it's entirely up to Democratic and Republican patriots to start Trump's 2024 election campaign by effectively “impeaching and removing” ALL incumbent state and federal lawmakers, except for MTG for sure, maybe also keep Gaetz, Jordan, Grassley, others?, who are up for reelection in Congress by primarying them in 2024.
After all, they have once again shown that that do not have the patriotism and leadership skills necessary to find legislative support for effective remedies for unconstitutional government policies.
Trump can endorse candidates that Constitution-savvy partiots recommend as long as candidates are not incumbents, candidates also promising to not only repeal the 16th (direct taxes) and 17th (popular voting for federal senators) Amendments after they win office.
The definition of insanity is reelecting your beloved career state and federal lawmakers and executives over and over again, expecting those same lawmakers to find remedies for unconstitutional government policies every time.
Let's not get fooled a third time in 2024.
The Universities should be the ones to pay for any student loan forgiveness.
Biden says “I will forgive student debts anyway.”
*************
This striking a powerful blow to the very legitimacy of the USSC itself. If the Court’s decisions can be ignored and ‘end run’ so easily what’s the point of having the case heard in the first place?
Biden’s unilateral decision effectively negates the Court’s ruling. The consequences of this are truly profound.
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