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 ...
Of course, I’m not fishing for votes to get reelected.
**************
That’s the name of the game in American politics today. Hence our debilitating national debt and unsustainable mountain of entitlements. They will keep buying votes until they run out of other peoples’ money.
The Supreme Court is being ignored not only on this. But the redistricting in Alabama as well. The Supreme Court will have to do something to stop the vagrant disregard of their rulings. Regardless of how glad I am that Alabama is telling the Supreme Court to buzz off. It’s not good for the country.
Faster than you can say “privileged student freeloader parasites” ....... lol....good one.
“I worked two, sometimes three jobs to pay for college. I never took out a loan. Can I get my money back?”
This comment pretty well applies to me as well. I did take out a student loan and I worked full time and went to school at night. When I graduated I owed just over what I expected to make as a yearly salary. I work multiple jobs and paid it off in just shy of 9 years.
Go a pair pansies and pay what you promised. Needy POSs!!!
Sorry about the misspellings.
Yeah, we can’t have colleges exercising fiscal responsibility...
800,000 is a good start, but the Biden gang needs to buy millions more votes. Because if they don't, potential leftist voters might remember Biden's promises.
I’m against student loan forgiveness but no longer can students pay for college tuition (even in state public) and room and board by working in the summers. For example: UC tuition is $15k and room and board another $15k. That’s $120k over 4 years. Free community college tuition and living with parents the 1st two years does bring it down to $60k. Better. Still hard to make $60k over a few summers.
I like the idea of gutting ten centuries of English contract law by saying that a contract does not mean what it says.
If student loans were dischargeable in bankruptcy (they used to be, after waiting 5-7 years), all students would immediately file after graduation. They have no assets and no job and they can wait the 7 years to get good credit again by living with parents. Doing so would save that family of say 4 kids a half million dollars. (That’s the cost of 4 years of in state public plus room and board for 4 years.). The taxpayers would pay for their loans as most student loans are federal now.
I did not work just summers in college. I worked pretty much 7 days a week including almost all holidays. It was exhausting and it was hard to study and get homework done. I got it done, but I could not partake in the party life. The expenses today have vastly outpaced inflation. The universities are at fault for this and it is fueled by government policies that are not pro-student, but are pro-useless government administrative worker.
Does anyone here actually believe that anything will be done to stop this new tyrannical imposition on the serf's few remaining freedoms?
Dear leader realizes that, since the former Constitution has been totally shredded and relegated to history, he has no reason to recognize a SCOTUS decision based of that discredited document...
The only freedom remaining is to:
Bow down... Obey... Snitch...
Either Bankruptcy is for all debt issues or it is for NONE.
Why can other debt like blowing money on hotels, travel, cars. clothes and THINGS get a write off, but not the overpaying of liberal college professors?
SCAM
That and the Roe v. Wade decision being leaked.
Didn’t SCOTUS already say GFYSJB?
Brandon thinks GFYSJB means everything is great.
B-but he’s not above the law. Is he?
The devil is always in the details. “Qualifying monthly payments”. What exactly, does that mean? If they missed a payment, are they ineligible? I put nothing past potato head but is this a head fake? Would the details take all the way up to the election to be ironed out? Is this a temper tantrum by the diaper wearing fool that in the end, would amount to nothing more than a broken promise. I'm waiting before my blood pressure goes through the roof.
Pedo Joe says "We have a J6 prison for people that ask that kind of question."
I went to a small private college in upstate NY. It was 11K a year which, then, seemed like an insurmountable amount of money. If you can imagine.
Stoopid major but I digress. I was a kid and lived in upstate NY where you either worked for the state, power company or some trade.
Anyhow, I did get the TAP and Pell monies which pretty much covered by tuition.
But, then, came the pre-approved loans. IIRC, you had to actively do something to decline them or they would just show up and be dispersed to you.
I was a dumb kid but I wasn't that dumb and I could do basic math. I knew my salary potential and what it would take to pay them off. And even early on, I had a pretty strong understanding that debt=trapped. Turned them all, but one, down.
And I will tell ya, I even regretted that one.
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