rom what I've read the Biden admin isn't going to appeal. It was always a vote buying gambit and they got good participation from Gen Z. Misssion accomplished.

#4 | POSTED BY BELLRINGER

Hey look the lying pos gets caught lying
Again

Look at all the republicans cheering US citizens being reburdened with 10 to 20K in debt.

Weird party them republicans.

Yep, keep celebrating, and then wonder why the younger generation thinks of you as --------.

You are literally celebrating people being inflicted with debt.

Remind us again of what the republican's policy is on debt relief?

42 million borrowers, $20k each, that's a little less than a trillion dollars. Why should Congress have to get involved in that?

#21 | POSTED BY MIRANDA7

Liar

As a result of Student Debt Relief, millions of borrowers will no longer have to make repayments on their loans and millions more will be able to substantially reduce their repayments. The Department estimates that, over the next 10 years, the program will cost on average $30 billion annually.

Simple. It must go through congress.

#20 | POSTED BY BELLRINGER

it already did dumbass:

Do the math, Troll 42,800,000 x $20,000= $856,000,000,000.
www.google.com

#24 | POSTED BY MIRANDA7

The outstanding federal loan balance is $1.617 trillion and accounts for 92.7% of all student loan debt.

Your contention is biden is forgiving half of the student loan debt. LOL!!1

I'll trust the Dept of Education and not your piss poor math

Saddled with MORE debt? That makes no sense.
Further, Congress did not issue an appropriation for that money. Your link is -------- just like you.

#26 | POSTED BY BELLRINGER

You are an idiot.

Yes, saddled with more debt. the debt that was forgiven by biden is being returned by a radical republican judge.

Congress did appropriate the loans stupid. Congress passed a law that gave authority to the Executive Branch on administering the funds

Here is the law

Again, here is the language from the federal law:

SEC. 432. 20 U.S.C. 1082 LEGAL POWERS AND RESPONSIBILITIES.
(a) GENERAL POWERS."In the performance of, and with respect
to, the functions, powers, and duties, vested in him by this part,
the Secretary may"

(6) enforce, pay, compromise, waive, or release any right,
title, claim, lien, or demand, however acquired, including any
equity or any right of redemption.

IoW the Secretary of the Department of Education has the authority to forgive student loans

For the sake of this argument, let's ignore all the disclaimers associated with the Ed.gov numbers and use their figure of$300 billion ... ..should the President be able to give that much money to a special interest group without Congressional approval?

#33 | POSTED BY MIRANDA7

Yes, because that is what the law says and permits.

BTW, without delving too deeply into the topic, I would imagine that congress designates similar spending to agencies ALL THE TIME. It is the only way the federal government or any government could work. Congress appropriates money and specifies how the money will be spent and delegates the authority to different entities to spend the money. Congress need not be involved with every single spending decision, that would be unworkable given the millions of financial transactions completed daily.

And again, the plain language of the law CLEARLY states that the DoE Secretary has the authority to waive or release any right or claim i.e. a loan.

IoW when accepting a loan the borrower is signing a claim recoverable by the federal government. That is being waived.

And again, the ------- administration was going to do THE EXACT SAME THING. THE EXACT SAME THING. read that again, the ------- administration was going to forgive interest during the Covid emergency. That is the exact same thing, just in a smaller $ amount.

#32. You're full of it per usual. The Biden admin cited the HEROES Act, not the garbage you are citing.

#35 | POSTED BY BELLRINGER

The heroes act modified the 1965 law clarifying the powers of the secretary. So, iow, duh and you're an idiot.

not the garbage you are citing.

#35 | POSTED BY BELLRINGER

LOL

the "garbage" I cited is the law establishing the federal higher education loan program you dumbass.

But, again, you die on the hill of more debt for the lower and middle class, that should be a winning strategy for you.

The HEROES Act was passed in response to 9/11. It had nothing to do with student loans you dumb ---

#39 | POSTED BY BELLRINGER

Wow, just wow.

I mean the name is Higher Education Relief Opportunities for Students Act of 2003'' so student loans are sort of in the name.

To me, this is no different than if the President announced he was "forgiving" up to $100,000 of all Federally backed mortgages. While I would be delighted to suddenly own my house free and clear, I would still believe it was an overreach for a President to do that, and ethically questionable just prior to an election.

#40 | POSTED BY MIRANDA7

Biden campaigned on it.

------- was going to do the same thing (was preempted by Covid relief), and later actually did do it (interest payment relief)

So, no, not ethically questionable. More like a campaign promise fulfilled. More like the effective implementation of a concept that has bi-partisan support (or at least did when an R was doing the forgiveness).

But now a D is doing it, it is suddenly unconstitutional and unethical.

Here is something funny and I don't know whether it is actually applicable as I don't know if the loans have actually been forgiven yet but,

"Finally, the law does not give the Secretary of Education the power to reinstate student loans after they have been cancelled. That would take an Act of Congress"

#42. It's tied to extreme crisis. And it's designed to be very targeted. Two different courts have smacked Biden down on this.

#44 | POSTED BY BELLRINGER

Radical right wing justices, so that does not scare me.

Again, yes the Heroes act was tied to emergencies-Covid and the "recession" certainly meet the definition of hardship (Covid did for a republican president-who again, DID THE EXACT SAME THING), but again, the authority arises from the 1965 law, establishing the student loan program.

Or course the elephant in the room is-who is harmed by student debt forgiveness?

Sorry lefties but China Joe has indeed violated the constitution on this. The congress has control of the purse strings, not the executive branch. Go read the constitution, the three branches have specific duties. The President is not authorized to spend money unless it is approved by the congress. This is true no matter who is president, the judge made the right call.

#52 | POSTED BY GTJR

Here, let me explain to you why you are wrong.

Congress passed a law governing student loans (i.e. created student loans and how that program was to be implemented and the mechanisms by which the loans would be funded) i.e. congress "controlled the purse strings.

Congress, in that law, DELEGATED the power to forgive debt to the Secretary of the Department of Education.

A small clue for you-Congress does that delegation ALL THE TIME. Otherwise, the government couldn't function.

------- argued that the DoE had that power. ------- used that power to DO THE EXACT SAME THING that Biden did.

Keep in mind DEBT FORGIVENESS IS NOT NEW SPENDING. That point cannot be expressed enough. The money was spent. The cost of the student loan program varies over time and this is just another variation on the cost of the program, but again, DEBT FORGIVENESS IS NOT NEW SPENDING.