This is illegal, and Biden knows it. The executive branch has no generalized power to forgive any amount of student debt for debt-holders of any income group. Asked about the idea last year, Nancy Pelosi confirmed simply that “the president can’t do it. That’s not even a discussion.” Do you know how patently illegal something has to be for Nancy Pelosi to acknowledge it’s illegal? The Department of Education came to the same verdict, determining that the executive branch “does not have the statutory authority to cancel, compromise, discharge, or forgive, on a blanket or mass basis, principal balances of student loans, and/or to materially modify the repayment amounts or terms thereof.” Put simply: If Biden wants to do this, he must get Congress to agree. If he tries to bypass Congress to do it anyway, the courts must stop him. And if they don’t, he must be impeached.The White House’s latest plans called for limiting debt forgiveness to Americans who earned less than $150,000 in the previous year, or less than $300,000 for married couples filing jointly, two of the people said. It was unclear whether the administration will simultaneously require interest and payments to resume at the end of August, when the current pause is scheduled to lapse.
The Democrats’ contempt for working-class Americans is on full display now. They want to destroy industries and livelihoods in the name of Climate Church justice. That’s what the Inflation Reduction Act boondoggle is really about.
Now the Dems have just told these same Americans that it’s up to them to fund frat parties.
Top O’ the Briefing Happy Thursday, dear Kruiser Morning Briefing friends. Truckmuffin Lane just hasn’t been the same since Mrs. Hooper stopped knitting Arbor Day sweaters for the cheese s...pjmedia.com
Because Joe is desperate for support and figures that the people who were stupid enough to get overextended on student loans are stupid enough that they won't understand that ultimately they will pay it off through increased taxes.