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Lawsuit To Block Student Loan Bailout
Can Set Stage for Solving Debt Crisis

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Posted By: earlybird, 10/16/2022 3:36:58 PM

“Here’s the thing. People think that the President of the United States has the power for debt forgiveness. He does not . . . [H]e does not have that power. That would have to be an act of Congress.” (snip) Those are the words of none other than House Speaker Nancy Pelosi, explaining to reporters last year why Joe Biden doesn’t have the authority to end student debt. (snip) To hold the Biden Administration accountable for this illegal executive overreach, Job Creators Network Foundation’s Legal Action Fund filed a lawsuit this week to block the counterproductive, inflationary, and unfair student loan bailout from taking effect.

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Reply 1 - Posted by: Mcscow sailor 10/16/2022 7:47:05 PM (No. 1306546)
It is not a crisis. It is simply a loan repayment, with generous terms.
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Reply 2 - Posted by: kono 10/16/2022 8:29:31 PM (No. 1306576)
Our national debt is nearing the point where the notion of paying it off will be about as realistic as the notion of us paying the debt for our sins.
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Reply 3 - Posted by: MDConservative 10/16/2022 9:42:22 PM (No. 1306608)
Need Congress to approve. Wait until that lame duck session post November.
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