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The White House has announced it is wiping out another $7.4 billion in student loan debt for 277,000 borrowers, bringing the total canceled by the Biden administration to $153 billion.
It is 81-year-old Biden's second large-scale effort to forgive billions in debt in a week in a scheme critics say is a bid to 'buy votes' before the general election.
On Monday, the administration rolled out a plan that would impact combined some 30 million borrowers after his first bid was blocked by the Supreme Court last year. Now more borrowers seeing their student loan debt forgiven will receive emails informing them of the move on Friday.
In a pair of recent cases, the U.S. Supreme Court ruled on the Biden administration’s student loan forgiveness program.
In Biden v. Nebraska, which was decided 6-3, the court struck down the administration’s student loan forgiveness program and agreed with the six challenging states that they had standing to sue. Chief Justice John Roberts wrote the opinion for the majority. He was joined by Justices Neil Gorsuch, Clarence Thomas, Samuel Alito, Amy Coney Barrett and Brett Kavanaugh. Justice Elena Kagan wrote the dissent and was joined by Justices Sonia Sotomayor and Ketanji Brown Jackson.
In the second case, Department of Education v. Brown, the court ruled that individual borrowers who challenged the plan lacked standing to bring their case. A unanimous court held that these challengers were unable to show that any injury they suffer from not having their loans forgiven is traceable to the loan forgiveness plan.
originally posted by: RazorV66
a reply to: FlyersFan
All this free sh!t really makes it enticing to become a low info Liberal but I wouldn’t be able to look at myself in the mirror.
It’s strange how easy it is for them.
originally posted by: BeyondKnowledge3
Now that Biden is buying votes, does this mean they are not going to fix the election any other way? Just asking.
originally posted by: FlyersFan
I thought the SCOTUS struck down his ability to buy GenZ and Millennial votess?? So why is Biden now up to paying $153 billion in our tax money to buy 4.3 million Americans via student loan buyout schemes? Biden said that his pandering to the LGBTQ was going to be his 'secret weapon' for 2024. Looks like he's adding GenZ and Millennial voters that he's buying off to his 'secret weapon' list ... all at tax payer expense, of course.
So if SCOTUS already declared it can't happen ... why is it happening again?
Biden Buying Votes Again - Another $7.4 Billion in Paying Off Student Loans
The White House has announced it is wiping out another $7.4 billion in student loan debt for 277,000 borrowers, bringing the total canceled by the Biden administration to $153 billion.
It is 81-year-old Biden's second large-scale effort to forgive billions in debt in a week in a scheme critics say is a bid to 'buy votes' before the general election.
On Monday, the administration rolled out a plan that would impact combined some 30 million borrowers after his first bid was blocked by the Supreme Court last year. Now more borrowers seeing their student loan debt forgiven will receive emails informing them of the move on Friday.
Wasn't this the result of Bidens last billion dollar student loan payoff to buy votes scheme???
Supreme Court Strikes Down Student Loan Forgiveness Program
In a pair of recent cases, the U.S. Supreme Court ruled on the Biden administration’s student loan forgiveness program.
In Biden v. Nebraska, which was decided 6-3, the court struck down the administration’s student loan forgiveness program and agreed with the six challenging states that they had standing to sue. Chief Justice John Roberts wrote the opinion for the majority. He was joined by Justices Neil Gorsuch, Clarence Thomas, Samuel Alito, Amy Coney Barrett and Brett Kavanaugh. Justice Elena Kagan wrote the dissent and was joined by Justices Sonia Sotomayor and Ketanji Brown Jackson.
In the second case, Department of Education v. Brown, the court ruled that individual borrowers who challenged the plan lacked standing to bring their case. A unanimous court held that these challengers were unable to show that any injury they suffer from not having their loans forgiven is traceable to the loan forgiveness plan.
a reply to: watchitburn
It unprecedentedly leapt to cows a week or two ago. First time ever. And it's infected cows in 6 completely separate locations, all at the same time.
originally posted by: Disgusted123
Um, I hate to break it to some of you who never listened to anything Biden says, BUT, he campaigned on reducing student loan debt in 2020 and that's what he is doing.
Like it or not.
originally posted by: Disgusted123
Um, I hate to break it to some of you who never listened to anything Biden says, BUT, he campaigned on reducing student loan debt in 2020 and that's what he is doing.
Like it or not.