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Biden administration scales back student
debt relief for MILLIONS of Americans
in stunning reversal after being faced
with first lawsuits and following criticism
of the huge cost to taxpayers

Original Article

Posted By: Imright, 9/29/2022 5:43:12 PM

The Biden administration has quietly announced a change in their student debt forgiveness program that could exclude four million borrowers who have loans owned or backed by private companies The u-turn by the federal government comes after the first legal challenges were filed and following criticism of the huge costs to taxpayers and claims the plan is an illegal use of his executive power. The Education Department announced Thursday that privately-held federal loans won't qualify for the relief plan, which the Congressional Budget Office said earlier this week could cost $400billion over a decade.

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Reply 1 - Posted by: itsonlyme 9/29/2022 5:59:23 PM (No. 1291411)
Clean-up on Aisle 4 Million. Don't worry, we know what we're doing. White House Chief of Staff Ron "Kommandant" Klain goes back to the drawing board, mid-term elections are approaching.
15 people like this.

Reply 2 - Posted by: wilarrbie 9/29/2022 6:10:15 PM (No. 1291418)
If only we had Republican sharks who could detect blood in the water. Unfortunately, all we have are friendly reach-across-the-aisles dolphins named Flipper. I fully expect Miss Linsey and the Turtle to come to Bidens rescue.
34 people like this.

Reply 3 - Posted by: GoodDeal 9/29/2022 6:14:45 PM (No. 1291421)
Focus group data must have been a disaster.
23 people like this.

Reply 4 - Posted by: sterling431 9/29/2022 6:14:48 PM (No. 1291422)
Just goes to show you how inattentive the left is to policy issues, esp. those that have a cultural bent to them. They govern poorly.
9 people like this.

Reply 5 - Posted by: coyote 9/29/2022 6:15:44 PM (No. 1291423)
They gave a party, and no one came.
10 people like this.

Reply 6 - Posted by: padiva 9/29/2022 7:26:17 PM (No. 1291466)
The student debt relief was to cater to their base of voters-----over-educated and underemployed useful idiots.
15 people like this.

Reply 7 - Posted by: bad-hair 9/29/2022 7:35:41 PM (No. 1291474)
BAM These morons will look like what they are around October 25th
6 people like this.

Reply 8 - Posted by: JHHolliday 9/29/2022 7:49:17 PM (No. 1291487)
Didn’t work, did it? Just hacked off the people who paid for their education. I never went to college. My folks just didn’t have the money but I put four children through. I guess I will be getting a rebate check anytime..waiting..waiting. Actually it was an honor to get them through. Degrees were important at that time (30 years ago). It was worth it then but any degree other than stem is worthless now. Might as well save the paper in case there is another toilet paper shortage.
16 people like this.

Reply 9 - Posted by: Enoch Powell 9/29/2022 8:00:33 PM (No. 1291498)
LOL. Biden or rather his sophomoric staff, took a wrong turn. I suspect, and I hope I'm wrong, these are the best and the brightest running his administration... Harvard, Princeton (please please read Princeton graduate Michelle Obama's thesis to prove how shtupid these people are)... and why we are where we are. The reason they are arresting us is because they know their time is about out... They are ready for war and so should we be.
5 people like this.

Reply 10 - Posted by: DVC 9/29/2022 8:20:38 PM (No. 1291512)
Scale it too zero, or the lawsuits will continue.
9 people like this.

Reply 11 - Posted by: vhs68 9/29/2022 9:15:15 PM (No. 1291528)
Total FUBAR......................
7 people like this.

Reply 12 - Posted by: Encore 9/29/2022 9:58:30 PM (No. 1291536)
No Shite! Higher education is not a right, it’s not a ‘gimme’. If you couldn’t afford it, you shouldn’t have signed up. If you can’t pay now that you signed anyway, QUIT! If you’re too stupid to realize that…no amount of school’s likely to help.
3 people like this.

Reply 13 - Posted by: smcchk 9/29/2022 11:03:02 PM (No. 1291547)
If so, this unforced error will give the election to the GOP. Unless they somehow give it away.
3 people like this.

Reply 14 - Posted by: bighambone 9/29/2022 11:40:56 PM (No. 1291553)
This was a pretty fast cave in by Biden and his crew, that is reminiscent of the infamous Biden bug out in Afghanistan. Today in Biden long read off his hidden teleprompter at FEMA Headquarters I thought I heard Biden announce that he is going to give the owners of motor vehicles that were damaged and destroyed in the Florida hurricane, who did not have their motor vehicles insured, a reimbursement of up to $37,900.00 each to replace their automobiles. Apparently people can file claims for those reimbursements almost immediately. Obviously those quick FEMA payouts, the Democrats believe will result in them picking up a lot of Florida votes in the upcoming election. No doubt a lot of those quick payouts will end up with the money ending up in places like Nigeria through massive fraud that always happens with quick government payouts.
4 people like this.

Reply 15 - Posted by: caljeepgirl 9/30/2022 1:22:13 AM (No. 1291581)
They'll likely be withdrawing the whole thing in the not-too-distant future....
1 person likes this.

Reply 16 - Posted by: smokincol 9/30/2022 1:28:43 AM (No. 1291583)
which begs the question: why aren't all of his EO's, etc, being litigated and questioned in "friendly" courts? = people know he's overstepping his limits but they would rather sit back on their dead derrieres than speak up and do something about it, so ... who, actually, is at fault for the miscarriages and misdeeds of a totally illegitimate administration, diapers, et al or the people who could actually do something about these issues but don't?
1 person likes this.

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