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Biden Plans To Cancel $10,000 In Student
Debt Per Borrower Ahead Of Midterms

Original Article

Posted By: Imright, 5/27/2022 6:26:29 PM

As soon as this weekend, President Biden could announce a plan to cancel $10k in student debt per borrower, according to WaPo, citing three people with knowledge of the matter. Biden could make the announcement at the University of Delaware's commencement ceremony on Saturday. The plan would apply to Americans who earned less than $150k in the previous year or less than 300k for married couples filing jointly. On April 6, the White House announced it would extend the pause of federal student loan repayments through August 31. It wasn't clear if the administration would extend the moratorium beyond this. The decision to wipe out $10k of student debt

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Reply 1 - Posted by: TrueBlueWfan 5/27/2022 6:35:11 PM (No. 1168017)
Doesn't congress have to pass something that spends this much $$? I am getting sick of this "rule by Exec. Order". This was not how our founding fathers meant for the country to be run. But AOC and the left, left wing will NOT be assuaged by this. They want it all! Let the lawsuits fly!
39 people like this.

Reply 2 - Posted by: franq 5/27/2022 6:41:07 PM (No. 1168020)
He has no legitimate authority to do this.
44 people like this.

Reply 3 - Posted by: Jesse Jenkem 5/27/2022 6:41:26 PM (No. 1168021)
And it will do him no good because most of those people expect him to wipe out the whole debt.
29 people like this.

Reply 4 - Posted by: udanja99 5/27/2022 6:53:35 PM (No. 1168026)
So, my daughter, who opted not to go to college and became a hair stylist will be paying into the pockets of a bunch of spoiled misfit parasites who majored in some sort of “studies” and now can’t get a job and pay off their own loans?
52 people like this.

Reply 5 - Posted by: Bur Oak 5/27/2022 6:57:55 PM (No. 1168033)
Illegal and vote buying with taxpayer money.
43 people like this.

Reply 6 - Posted by: jinx 5/27/2022 6:59:22 PM (No. 1168035)
It's called a bribe. AOC wants it to pay for her college. She makes almost two hundred thousand dollars a year and has good health insurance and uses fund raising money's to pay her "fiancé" and has a Telsa electric car. Why should we have to pay her debts. She is hooked on OPM, ours.
28 people like this.

Reply 7 - Posted by: Midnight Rambler 5/27/2022 7:15:33 PM (No. 1168051)
This makes my blood boil.
36 people like this.

Reply 8 - Posted by: columba 5/27/2022 7:22:41 PM (No. 1168063)
The alleged president is attempting to buy voters.
30 people like this.

Reply 9 - Posted by: stablemoney 5/27/2022 7:23:07 PM (No. 1168064)
Amazing at the unilateral authority of Biden, a man with the power to erase debt contracts at whim. If you owe anything, you might call him.
16 people like this.

Reply 10 - Posted by: 3XALADY 5/27/2022 7:30:24 PM (No. 1168075)
Only democrats rule by EO's and I'm sick of it. I'm sick of him too.
15 people like this.

Reply 11 - Posted by: The Remnants 5/27/2022 7:31:38 PM (No. 1168078)
In our country, it is no longer a question of who is compromised; it is a question of who isn't compromised? Who benefits?
16 people like this.

Reply 12 - Posted by: Heil Liberals 5/27/2022 7:34:05 PM (No. 1168079)
What Constitutional power gives him the right to do so? The Devine Right of Senility.
15 people like this.

Reply 13 - Posted by: Ketchuplover 5/27/2022 7:49:18 PM (No. 1168095)
There is no constitutional authority to do this --- but it's just like all the AG's and governors who changed election laws (without any authority) in 2020. No consequences then - so they take another step towards tyranny.
10 people like this.

Reply 14 - Posted by: nwcudagal 5/27/2022 7:58:07 PM (No. 1168099)
I don't have any student debt, but I've lost more than $10k since the stolen election. Where can I go to get my money?
23 people like this.

Reply 15 - Posted by: Kate318 5/27/2022 8:08:28 PM (No. 1168110)
Memo to Shuffles: That demographic doesn’t vote.
6 people like this.

Reply 16 - Posted by: enemyofthestate 5/27/2022 8:31:05 PM (No. 1168129)
Free stuff. Stand by for the unintended consequences.
6 people like this.

Reply 17 - Posted by: Californian 5/27/2022 8:45:59 PM (No. 1168142)
This obviously won't raise inflation. /s
9 people like this.

Reply 18 - Posted by: Jesuslover54 5/27/2022 9:37:08 PM (No. 1168161)
First of all, he always lies. Second, in whose constitution does this power lie? Certainly not mine.
7 people like this.

Reply 19 - Posted by: heartsurgeon 5/27/2022 9:45:17 PM (No. 1168167)
Forgiving debt? Does that count as a taxable benefit? HAH. if so, that's a tax payment that's due immediately.
5 people like this.

Reply 20 - Posted by: kbcama 5/27/2022 10:00:51 PM (No. 1168171)
Ok then. I guess I'll be receiving $10,000 to replace our savings and the 401ks of both myself and my late husband that we paid out over the 16 years that he suffered from serious illness. He worried so much about what would happen to me because we used that money. I always told him I was just glad we had it to use! What's that you say? I don't get anything? My taxes will just increase to help pay the student loan debt? Even though I never had student loan debt?!? Well, drat!
11 people like this.

Reply 21 - Posted by: Quigley 5/27/2022 10:18:46 PM (No. 1168177)
Is that all? What a stingy old perv. His bank masters want more loan payola.
3 people like this.

Reply 22 - Posted by: mifla 5/27/2022 10:21:27 PM (No. 1168179)
Does AOC realize that she does not qualify?
4 people like this.

Reply 23 - Posted by: JHHolliday 5/27/2022 10:39:00 PM (No. 1168189)
I put four kids through college. Borrowed some money and paid it back. Do I get reimbursed.? These people are despicable.
10 people like this.

Reply 24 - Posted by: curious1 5/27/2022 10:46:28 PM (No. 1168191)
The other question to ask is where does the constitution authorize the federal government to make student loans in the first place? Remember when Obola pulled ALL the student debt into control of the fed gov several years back? Pushing Cloward-Piven, anyone?
7 people like this.

Reply 25 - Posted by: Kafka2 5/27/2022 11:13:02 PM (No. 1168200)
The students that took out these loans should repay the loans. It is their responsibility, not everybody else's. The taxpayers should not have to pay the bill for pampered deadbeats.
7 people like this.

Reply 26 - Posted by: danu 5/27/2022 11:24:44 PM (No. 1168204)
call your congresscritters
2 people like this.

Reply 27 - Posted by: rbruce20 5/27/2022 11:37:49 PM (No. 1168213)
Lenders will sue for breach of contract. Someone has got to pay the bill.
3 people like this.

Reply 28 - Posted by: smokincol 5/28/2022 12:11:45 AM (No. 1168220)
there he goes, again, trying to buy votes but if that's all he has, as we all know, it's just not enough and he will never have what it takes to be the man that our President, Donald J. Trump, is #1 has an excellent point and my persistent thought on Executive Orders is: when did a President start using the Executive Order because it tramples on the power of the Congress and definitely is not anywhere delineated in the Constitution
3 people like this.

Reply 29 - Posted by: DVC 5/28/2022 1:07:34 AM (No. 1168242)
And by WHAT AUTHORITY? Only Congress can spend money, not hte President.
2 people like this.

Reply 30 - Posted by: mifla 5/28/2022 5:19:40 AM (No. 1168308)
This is going to backfire big time. Milliions of Americans have taken out and paid back education loans, car loans, and mortgages. Others have worked long hours in multiple jobs to avoid taking out loans and going into debt. They will not be amused.
2 people like this.

Reply 31 - Posted by: hoosierblue 5/28/2022 8:56:10 AM (No. 1168462)
That would be $10,000 per borrower that tax payers would have to make up, or just print up which is more inflation and we all love that, don't we.
0 people like this.

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