We all know what a load of absolute B.S. Joe Biden’s student debt relief program is. Not only is it a slap in the face to the millions of hard-working citizens who sweat blood and tears to pay off their student loans, but it undermines the American Dream and sends the wrong signal to our youth.
But Joe Biden doesn’t care. He just wants votes, and he’ll say and do anything to get them despite destroying America in the meantime. The 8th US Circuit Court of Appeals, however, has a different agenda for President Biden and has sided with six states under GOP leadership who sued the Biden administration to halt the president’s student debt relief plan that canceled up to $20,000 for borrowers, and will cost taxpayers nearly 1 trillion dollars.
Fox News reports that the block is temporary and gives the court time to properly work through the “request for an injunction” from the Republican-led states of Iowa, Kansas, Missouri, Nebraska, South Carolina, and Arkansas.
Arkansas Attorney General Leslie Rutledge, who is leading Friday’s successful attempt, said “It’s patently unfair to saddle hard-working Americans with the loan debt of those who chose to go to college. The Department of Education is required, under the law, to collect the balance due on loans. And President Biden does not have the authority to override that.”
On August 24, President Joe Biden announced that he was canceling $10,000 in student loan debt and up to $20,000 for borrowers who received Pell Grants; a move that will cost taxpayers somewhere between $300 billion and $980 billion over the next 10 years, according to the Post Millennial. Of the 43 million borrowers that would have debt canceled, 27 million people are Pell Grant borrowers, which is roughly 60 percent.
Now here’s the real shocking part that Americans are mostly outraged over. Biden’s plan translates to roughly $2,000 per taxpayer using the lower-end estimates from the Penn Wharton Budget Model. Nearly 45 percent of people who took out federal student loans would have the entirety of their debt canceled under this action.
Despite no official congressional vote on the matter, President Biden continues to repeat false claims telling reporters that the “vote passed”. There hasn’t been a single vote on Biden’s student loan debt relief program.
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