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Biden Is Still Beating Student Debt Horse

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Posted By: Garnet, 7/3/2023 1:50:30 AM

As expected, the Supreme Court ruled on Friday that President Biden doesn’t have the constitutional authority to “forgive” $430 billion in student loan debt. The decision, written by Chief Justice Roberts, drove the point home by quoting former House Speaker Nancy Pelosi’s 2021 statement regarding Biden’s power to do so without the consent of Congress: “People think that the President of the United States has the power for debt forgiveness. He does not.” Yet, Biden defiantly insisted Friday afternoon that the Court’s decision was wrong and that he plans to keep pushing for his massive giveaway scheme under the aegis of the Higher Education Act (HEA).

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Reply 1 - Posted by: seamusm 7/3/2023 3:09:48 AM (No. 1504648)
Biden never had that authority and Pelosi both knew it and verbally acknowledged it. 'Tis sad that Biden's false promise almost helped to lose the House in the last election cycle. The Court helped us win a battle last week but the Dems will fight on another front lying their way and hoping to win over 'low information' voters next round.
9 people like this.

Reply 2 - Posted by: Mcscow sailor 7/3/2023 7:47:54 AM (No. 1504711)
The new scheme with the HEL is to go through Ed department rule making to create a rule by which the Ed department can then then give out these expensive indulgences. The SC ruling threw up a roadblock on using our HEROES to do it…and a close look at ruling shows that the SC would not approve any scheme that gives the Executive branch the financial powers reserved to congress. An in-depth evaluation conducted by gov lawyers at his request…says the same thing, citing precedents back to the Founders. That he persists is further evidence of declining abilities
3 people like this.

Reply 3 - Posted by: clayusmcret 7/3/2023 7:59:28 AM (No. 1504728)
I heard a good explanation of this on Saturday. They already know it won't fly constitutionally, but it lets them string the loan forgiveness voters along on a wish and a prayer past the election.
6 people like this.

Reply 4 - Posted by: Old Army Vet 7/3/2023 8:59:09 AM (No. 1504786)
You borrowed the money, you pay it back.
5 people like this.

Reply 5 - Posted by: FLCracker 7/3/2023 10:40:31 AM (No. 1504876)
I got Uncle Sam to pay for my two (concurrent) college degrees, thru the GI Bill. There's a thought. If you haven't paid off your college debt in a certain number of years, you get drafted into the military.
3 people like this.

Reply 6 - Posted by: Geoman 7/3/2023 3:32:23 PM (No. 1505138)
If Congress did not specifically authorize money to be obligated for the use that Biden is proposing, then no appropriations will be made to "pay for" the debt relief. Without appropriations, Biden and his administration flunkies will be in violation of the Anti-Deficiency Act (Public Law 97-258). Suspension from duty with out pay or removal from office are the statutory punishments on the books for such violations. Federal program managers are acutely aware of the prohibition against obligating or expending funds in advance or in excess of an appropriation.
1 person likes this.

Reply 7 - Posted by: FLCracker 7/3/2023 9:52:32 PM (No. 1505336)
Amen, #6. I had that drilled into my head - DO NOT obligate the Government!
0 people like this.

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Posted by Garnet 7/3/2023 1:50:30 AM Post Reply
As expected, the Supreme Court ruled on Friday that President Biden doesn’t have the constitutional authority to “forgive” $430 billion in student loan debt. The decision, written by Chief Justice Roberts, drove the point home by quoting former House Speaker Nancy Pelosi’s 2021 statement regarding Biden’s power to do so without the consent of Congress: “People think that the President of the United States has the power for debt forgiveness. He does not.” Yet, Biden defiantly insisted Friday afternoon that the Court’s decision was wrong and that he plans to keep pushing for his massive giveaway scheme under the aegis of the Higher Education Act (HEA).
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