Get the Ricochet app
Ricochet will work fine in a browser on your mobile devices, but for the best experience please download our app.
Apparently, Joe Biden has no problem ripping off the American people as he is trying to recruit new voters, by trying once again to revive the student loan forgiveness program. It hasn’t occurred to him that the American people will be paying the bill, or he just doesn’t care. More than that outcome, citizens may finally realize that they are being charged for a bill that they never incurred, and may decide not to vote for Biden in November for this unfairness.
Why do I say that? Couple this travesty with all the other lies and misrepresentations of Biden that the people have tolerated. Also, it will be hard to hide the fact that several states are fighting this use of taxpayers’ money:
Kansas is leading a coalition of states that include Alabama, Alaska, Idaho, Iowa, Louisiana, Montana, Nebraska, South Carolina, Texas and Utah. They name Biden, education secretary Miguel Cardona and the U.S. Department of Education as defendants.
Kansas Attorney General Kris Kobach is leading the fight, suing Biden and the administration for over $156 billion in federal loan debt forgiveness for those enrolled in the SAVE Act (Saving on a Valuable Education Plan):
Almost 8 million people are enrolled in the SAVE Plan, which calculates payments based on income and family size rather than the balance on their loan. Monthly payments are calculated by discretionary income, which is defined as the difference between gross income and 225% of the federally defined poverty level — for an individual that would equal $33,885. About 4.5 million borrowers have qualified for a total elimination of monthly payments under the plan, which is limited to people making less than $16 an hour. Those earning above those thresholds will still benefit from the halving of payments from 10% to 5% of their discretionary income and a reduced timeframe before loans are forgiven.
Do you believe that all these calculations are legitimate? Do they even make sense? Will borrowers understand the requirements and try to follow them honestly? Do Biden and his cronies believe that this time, due to the government’s “generosity,” people will make payments on the balance due if their debt is not fully forgiven? Does the government believe that it will get reliable data from students that confirms that people are making less than $16/hour?
The lawsuit includes the following:
The lawsuit's four counts allege the Biden administration violated the U.S. Constitution's separation of powers, that the agency exceeded its statutory authority, that the agency action is ‘arbitrary and capricious’ and the agency violated law on administrative procedures. It asks the court to declare the SAVE Plan unlawful and block it from being implemented.
Biden’s arrogance and disdain for SCOTUS in trying to get this Act passed, after already being denied once by the Court, is hard to comprehend. As one commentator on Fox News said, he may have changed some details of the plan, but the basic principles have remained the same.
And taxpayers will be outraged when they realize how they will be charged for the debt:
‘I think it would be difficult for anyone to answer why it is fair to transfer money from those who have less to those who have more,’ Kobach said. ‘It forces taxpayers, including people who did not go to college because they couldn't afford it, and people who work their way through to college and people who saved money and then went to college, it forces them to pay for the student loans of those who ran up exorbitant student debt. That's simply unfair.’
He doesn’t even include those who took loans and have already paid them off!
We’ve seen Biden’s disdain for the Supreme Court before. See here, here , and here. And Obama showed him how to do it.
It will be very frustrating for the autocrat-in-chief if he doesn’t get his way.
Afterthought: And they call Donald Trump a dictator.
Discussion (43)
To read this bio, please join Ricochet.
I got confused for a second when you referred to it as the "SAVE Act." I thought it was passed by Congress. A quick Google search showed that's not the case.
A cursory review of some of the documents the Administration posted shows that none of them (well, the ones I skimmed) state any statutory authority for this. I know, that doesn't mean it doesn't exist, but one would think that after getting slapped down by SCOTUS, Biden, et. al., would make some effort to cite such authority.
This will again be slapped down by SCOTUS. If only we had a Legislative branch as jealous of its enumerated powers as the Executive!
In a way, I'm thankful that the Biden puppetmasters are being this transparent about how they're abusing the American taxpayer. The American taxpayer is treated as a bottomless ATM in more ways than I can count, but this scam is pretty easy for everyone to understand.
So I hope it opens up people's eyes to all the other ways the government steals our wealth and gives it to their chosen favorites. Because we are not just ATMs to the Democrats' favorite groups, but ATMs to the entire world.
Reducing our debt not only means getting rid of entitlements domestically, but getting rid of the billions that go all around the globe. Just how much foreign aid really aids foreign nations? Or does it just line the pockets of the people who run various NGOs? It's largely the latter.
So yes, keep being brazenly obvious about your money-grabs, politicians! The taxpayer uprising is gaining speed!
To read this bio, please join Ricochet.
What legislative branch?? [sarcasm off]
To read this bio, please join Ricochet.
I hope so. These actions along with inflation must be so difficult for some people.
CHARTER MEMBER
To read this bio, please join Ricochet.
It doesn't matter that this is a slightly re-jiggered version of the debt relief plan that the Supreme Court shot down last year. Biden has to hold the con long enough to get those Gen Zzzzz votes this fall.
You're seeing five of 43 comments. Sign in, or join for just $5 per month, to read them all and add your own.