Biden Brags About Defying Supreme Court on Student Debt Cancellation, Claims No Cost to Taxpayers...

He's a lying bastard Brother Dale. If you don't believe me, just ask me.

Of course he does. In a Constitutional world he'd get jacked up, but our Supreme Court and Congress are paper tigers...we get Biden's unConstitutional actions.

As long as he's doing it legally in an approved way, I have no issue at all with it.

Take the PSLF program for loan forgiveness if you work in a qualifying public sector job. If the system is messed up and it isn't accurately accounting for time, that's a problem. If by fixing the system there are more people who qualify for PSLF forgiveness, that's a good thing.

Same goes for income-driven repayment plans. If the loan providers weren't tracking the payments correctly and borrowers were already entitled to forgiveness of some type, but weren't getting it, that's contrary to the legislation that Congress created.

In both cases, these are processes that Congress has already approved and this is just making sure it works.

But that's not what's happening (or all that is happening). There are other steps he's doing that I have a large problem with because he's doing his "I have the authority" twisting like he did under his previous $430 billion attempt to dole out free money.

Look at the new rule changes for the pandemic and how it affects student loans.

What was approved through the CARES act (March 2020) by Trump was a suspension of student loan repayments (initially for six months but had multiple extensions with the suspension ending in August 2023). Now that payments are restarted, people have to start repaying their loans again. I don't really have an issue with the repayment ramp-up, although it is on the line of his allowable authority now that the emergency is officially over.

The rule change that they recently put in is that they are going to give credit towards forgiveness programs for the months during the suspension even though there were never any actual payments made by the individual or the government to the loan account. Another example are rule changes for the new income-driven repayment program (SAVES). With all the changes (reduce from 10% to 5% monthly payments, moving up loan forgiveness from 20 years to 10 years for certain loans, and so on), it's a "mini-forgiveness" plan.

Biden taking credit for a process that is already approved is just political rhetoric - he can take legitimately take credit for fixing a broken system, if that's what was accomplished.

Biden claims he has or doesn't have the authority to do something depending on the crowd he wants to pander to. He claims he doesn't have the authority to stop the flow of illegal immigration at the border when he does (8 USC 1182) and claims he does have the authority when he doesn't (loan forgiveness of everyone under the HEROES Act).