Biden's student loan forgiveness unconstitutional

[Delldude]

Isn't this what happens in an authoritarian government?

Relies on the Hero's Act of 2003. It gives the Education Dept the authority to suspend and/or cancel debt.

Groups like the centrist Democratic think tank Third Way have opposed Biden’s plan in part due to the threat of legal challenges.


“We’re very concerned that it is going to get held up in court and leave borrowers in limbo,” said Lanae Erickson, senior vice president for social policy, education and politics at Third Way.

There has been discussion for months about the administration’s legal authority to cancel student loan debt, as progressives increased pressure on Biden to take action. The initial expectation was that the Biden administration would use the Higher Education Act to justify executive action on student loans.

“We’re very concerned that it is going to get held up in court and leave borrowers in limbo,” said Lanae Erickson, senior vice president for social policy, education and politics at Third Way.

Initial thoughts were the Higher Education Act would have been used, but it too, is most likely would fail a constitutional challenge.

I kinda hate to say it, but Nancy Pelosi put it all into perspective here:

“People think that the president of the United States has the power for debt forgiveness. He does not. He can postpone, he can delay, but he does not have that power. That has to be an act of Congress,” Pelosi said.

White House faces legal questions with student loan forgiveness plan

The White House has stepped into tricky legal territory with a plan to erase $10,000 in federal student loan debt for millions of borrowers. The plan is expected to face legal challenges, whi…

thehill.com

 

[Polishprince]

If Biden really wanted to cancel people's debts where it would make a difference, he should cancel the people's drug and gambling debts.

This would also reduce the number of people killed by firearms, both for absconding on the debts as well as suicides of those facing financial ruin because of them.

Isn't that one of the concerns of Liberals out there?

 

[Moonglow]

If Biden really wanted to cancel people's debts where it would make a difference, he should cancel the people's drug and gambling debts.

This would also reduce the number of people killed by firearms, both for absconding on the debts as well as suicides of those facing financial ruin because of them.

Isn't that one of the concerns of Liberals out there?

I am sure you are wrong as per usual about killing people because of PPP loan forgiveness.

 

[Polishprince]

I am sure you are wrong as per usual about killing people because of PPP loan forgiveness.

The PPP program was designed in advance to have the loans forgiven- by accepting the forgivable loans, corporations saved the government the hassle of having to provide unemployment payments for people during the Fauci shutdowns.

Few employers would have accepted the loans if they thought they would be literally crucified for not paying them back.

 

[Thunk]

That's OK.

The deadbeats will have to declare any amount "forgiven" as income and pay full federal & state income taxes on it

KEEP VOTING DEMOCRAT!

 

[DGS49]

Yep. The question is, "Who has legal standing to challenge this act?"

And who has the balls, since millions of mainly-college graduates will be disappointed if such a legal action were to succeed?

But of course this is not the only unconstitutional act by this Administration, starting with its refusal to enforce the immigration laws that the President is obliged by law and his oath to enforce.

 

[Moonglow]

The PPP program was designed in advance to have the loans forgiven- by accepting the forgivable loans, corporations saved the government the hassle of having to provide unemployment payments for people during the Fauci shutdowns.

Few employers would have accepted the loans if they thought they would be literally crucified for not paying them back.

Yet you have zero problem with free monies to wealthy people.

 

[Silent Warrior]

It's just a vote buying scheme. If he really wants to be fair and buy more votes, he should send a $10K check to anyone who had student loans and payed them off by themselves already. He could call it reparations, lol. Ooops, sorry I said that. Those idiots on the left might take it up and run with it.

 

[bravoactual]

As so many fuck wad ReThugs took PPP Loans and had their loans forgiven, Cons bitch College Loans being forgiven is so much Reich Wing Bull Shit and Pure Hypocrisy.

 

[beautress]

I paid as I went. Can I get a refund now?

 

[Funzo Hoss]

Aliens, JFKs Brain, Bush and Felix Rodriguez, 9/11 air safe to breath, Track 2, Ted Shackley and Edwin Wilson.

 

[Delldude]

Yep. The question is, "Who has legal standing to challenge this act?"

And who has the balls, since millions of mainly-college graduates will be disappointed if such a legal action were to succeed?

But of course this is not the only unconstitutional act by this Administration, starting with its refusal to enforce the immigration laws that the President is obliged by law and his oath to enforce.

Meh, they know this won't flush, but they'll get support from the free loaders before the election.....then when it goes to court and is struck down, they have achieved a two fold purpose. Getting stooges to vote in the midterms and riling the same stooges up for 2024.