Posted on 01/19/2024 5:47:41 AM PST by Tell It Right
President Joe Biden announced on Friday that his administration was canceling nearly $5 billion in student loans impacting nearly 74,000 borrowers.
Most of the forgiveness goes to 44,000 borrowers who have spent more than 10 years in public service working as teachers, nurses, firefighters and other positions, while the remaining 30,000 are borrowers who have been in repayment for at least 20 years without receiving relief, the White House said.
(Excerpt) Read more at breitbart.com ...
74,000 more Uneducated Student Loan Deadbeats with “Diplomas” (Tuition receipts). No wonder America has gone to crap.
Where are the Republicans???
I hadn’t heard of that. Thanks for the info.
This is a drop in the bucket compared to illegals, and foreign adventures.
If we don’t kick all out soon, it’s over, if it isn’t already.
North Brazil won’t be a great place to live.
Republicans a long time ago quit trying to be against the Santa Claus free gifts message of the Dims.
Trump should offer a federal program that lets you borrow $10,000 to purchase guns. And then afterwards, the loans should be forgiven. /spit
When will I get my mortgage forgiven?
We need a tax revolt in this country like they have never seen. Our Founding Fathers would have burned down their buildings and houses long ago.
Not in your front left pocket, JAIL HIM!!
The Republicans are all over this, right? Calling this out?
The Democrats do things like this b/c they know there is no opposition.
Contempt of SCOTUS meets the “high crime and misdemeanor “ threshold. He must be impeached and removed. Too bad we don’t have a functioning Congress.
It would be interesting to find out what the Major’s of these borrower’s were.
LOL, explains why they can’t pay off their debts!
Night know it the Biden administration teaching students how to dodge responsibility.
Can we get our refunds for paying our tuitions in full on the day of registration? How stupid was that, sigh.
It is right after the full immunity clause in the Constitution.[joking]
The Supreme Court has already ruled that Biden doesn’t have the authority to do this. See Biden v Nebraska https://www.supremecourt.gov/opinions/22pdf/22-506_nmip.pdf
The legal basis for this forgiveness is different than the one the courts ruled on. In this case, the Dept of Ed was given discretion on applying forgiveness in certain loans and situations. It requires a rulemaking process that includes public comments all of which take some several months.
The strategy of the forgiveness that the courts ruled on was in my mind done knowing two things. One that it would likely fail and two everyone's attention would be watching the wrong thing (kind of of like a magician act). It worked perfectly.
My current guess is they want to get ahead of the Chevron opinion that will curtail the power of the regulators.
I like the way you think. Good point!
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