Student loan 'Forgiveness",Too little to help anyone, just enough to make everyone angry

[GodFearinGunTotin]

Why is it that it is illegal for me to print my own money I don't have? Bidumb does it?

It’s a matter of political will…that, and firepower.

 

[edwea]

I must have missed something and don't feel like going through the steps to search for it. What is this "per year" business I keep hearing? Does this mean they intend to keep it active continuously? Is it just an offer for people to take advantage of for a couple of years?

 

[Ingomike]

This was interesting and I had not heard this before, Bidet administration says they are using an old law not an EO.

How long before they find a law that made guns illegal in 1870 and try to enforce it?

“The administration says its authority comes from the Higher Education Relief Opportunities for Students, or HEROES, Act of 2003, which was passed after the Sept. 11 attacks and authorizes the education secretary to forgive student loans during specific periods such as a war or national emergency. The various plaintiffs have argued that the HEROES Act doesn’t allow for debt relief in the manner proposed.”

Education Department 'undeterred' after debt relief blocked

Nearly 22 million borrowers applied for loan forgiveness in the week since the application opened.

www.insidehighered.com

 

[actaeon277]

This was interesting and I had not heard this before, Bidet administration says they are using an old law not an EO.

How long before they find a law that made guns illegal in 1870 and try to enforce it?

“The administration says its authority comes from the Higher Education Relief Opportunities for Students, or HEROES, Act of 2003, which was passed after the Sept. 11 attacks and authorizes the education secretary to forgive student loans during specific periods such as a war or national emergency. The various plaintiffs have argued that the HEROES Act doesn’t allow for debt relief in the manner proposed.”

Education Department 'undeterred' after debt relief blocked

Nearly 22 million borrowers applied for loan forgiveness in the week since the application opened.

www.insidehighered.com

The problem now becomes, the stretching of the term emergency.
Though I guess that bridge was crossed already, stretching emergency.

 

[KLB]

The problem now becomes, the stretching of the term emergency.
Though I guess that bridge was crossed already, stretching emergency.

Yep. It already means something to let us do whatever we want as long as we want to get around the rules.

 

[BigRed]

"Necessity is the plea for every infringement of human freedom. It is the argument of tyrants; it is the creed of slaves."

 

[bwframe]

Federal judge strikes down Biden student debt relief program

District Judge Mark Pittman, a Trump appointee, ruled that the program, which would have provided borrowers with up to $20,000 in student loan relief, was “an unconstitutional exercise of Congress’…

thehill.com

 

[jamil]

Federal judge strikes down Biden student debt relief program

District Judge Mark Pittman, a Trump appointee, ruled that the program, which would have provided borrowers with up to $20,000 in student loan relief, was “an unconstitutional exercise of Congress’…

thehill.com

Well, duh. I don’t give Biden credit for thinking this through, but it’s probably a good PR move. At least a little. Promise things you know are unconstitutional, knowing that a progressive judge would be just fine with that unconstitutional use of executive power. A conservative judge would not. Eventually the courts would stop the order. And then Biden can blame conservatives.

 

[dudley0]

It will all be seen as Judge Pittman's fault... and of course circle back to Trump as he makes it all happen.

Happy this was stopped. Sorry it took so long and caused the turmoil that it did.

 

[BugI02]

Well, duh. I don’t give Biden credit for thinking this through, but it’s probably a good PR move. At least a little. Promise things you know are unconstitutional, knowing that a progressive judge would be just fine with that unconstitutional use of executive power. A conservative judge would not. Eventually the courts would stop the order. And then Biden can blame conservatives.

Plus all through early voting and the actual election they convinced people they would get $10 to 20k off the top and even had a website open to apply for it. They paid for votes with promises they knew were likely empty

In the intersectional pandering department, I read the 0Biden administration has said that users of MJ should indeed be deprived of their 2A rights with no mention of federal legalization. At the intersection of stoner/2A rights the 2A people better lube up. Wish I could say this might teach them a lesson but I just don't believe that anymore. Lather, bend over, repeat

 

[Ark]

The administration will almost certainly win elsewhere and send it to SCOTUS in six months or however long it takes. Their chances are pretty dim there.

Looks like everyone is getting invoices for Christmas. That'll be about the time SPR dries up and sanctions send gas roaring past $7.00.

But hey people were duped into stopping the red wave because they wanted handouts that were never going to happen, so it's worth it. What wonderful gifts will they promise in 2024?

 

[KG1]

The stupid schmucks were suckered into thinking Biden could forgive student loans. They got played for their votes. It was all a political flim-flam from the beginning, and it worked.

 

[dudley0]

Too bad they didn't use their degrees to learn how to spot the fake crap.

They need a bailout because they didn't get their monies worth.

 

[oze]

and it worked.

In context, the saddest words I have read this morning.

 

[GodFearinGunTotin]

Part of me wants to laugh at how they got played. The bigger part of me wants to break something because we got screwed by them getting played.

 

[Ingomike]

The stupid schmucks were suckered into thinking Biden could forgive student loans. They got played for their votes. It was all a political flim-flam from the beginning, and it worked.

 

[KG1]

Part of me wants to laugh at how they got played. The bigger part of me wants to break something because we got screwed by them getting played.

It's in the same vein as the tiresome old trope attempts by the left to play the older generation by scaring them in to voting for them because "Republicans want kill them by taking away their Medicare and SS" when in reality Republicans only want to reform those before it's too late and those benefits are lost for everyone.

 

[jamil]

View attachment 236311

Idunno. I’m not sure some canvasser handing you a filled out ballot to sign counts for voting bragging rights.

 

[smokingman]

.....long....long.......sigh.

Biden Extends Student Loan Repayment Freeze Until June 30 | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[JEBland]

The Supreme Court will hear the case:

Supreme Court Leaves Biden Student-Loan ‘Forgiveness’ on Hold, Agrees to Hear Case | National Review

Oral arguments in the case will begin in February.

www.nationalreview.com

The Northern District of Texas's opinion for the stay (26 pages):

https://storage.courtlistener.com/recap/gov.uscourts.txnd.368635/gov.uscourts.txnd.368635.37.0.pdf

Loose predictions in absence of arguments:

• The three progressives will all vote in favor because it's "helping" people and we have a century of runaway Administrative state, so what's a little more.
• Thomas is a pretty secure vote. It's not in the constitution, it's not in the founding, it's not legal.
• Given their misgivings with the administrative state, I'd wager that Gorsuch & Kavanaugh will be with Thomas. Particularly that this is about spending and not rights/access, which I expect should mellow out Gorsuch's wildcard reputation on this.

That leaves ACB, Roberts, and Alito to really sway the court. From the most recent term, page 15 of the SCOTUSblog statpack, ACB and Alito are I think most likely to be aligned with Thomas & Kavanaugh, and I'd call Alito to be pretty secure on this. Roberts is kind of the wild card here because he doesn't like to make waves as chief justice, but I think he and Kavanaugh will make the case that while we have executive powers, they should not be expanded so drastically. The structural stability argument favors rejecting such absurd spending. The political stability argument is basically "the media will be mean to The Court."

So, it could be 5-4 in favor of the executive authority, but I think that's not so likely. Most likely is 5-4 against the administration or perhaps even 6-3 and we'll have another year of listening to accusations that the judiciary is being political when they rule to, you know, follow the constitution.