Joe Biden Explores Canceling Federal
Student Debt Without Congress
Breitbart Education,
by
Charlie Spiering
Original Article
Posted By: Imright,
4/19/2021 3:53:22 PM
President Joe Biden is currently exploring the idea of canceling federal student loan debt, awaiting memos on how much he can do legally.The Biden White House tasked Secretary of Education Miguel Cardona to explore the issue, effectively stalling immediate action on the issue as activists increasingly push for him cancel the debt.
White House chief of staff Ron Klain said Biden has not made a decision on the issue either way, as he is waiting for the policy memos.“Hopefully we’ll see that in the next few weeks, and then he’ll look at that legal authority; he’ll look at the policy issues around that and he’ll make a decision,”
Reply 1 - Posted by:
Ida Lou Pino 4/19/2021 3:58:25 PM (No. 759797)
Despicable cretin - - the Constitution gives power over federal money to the Congress - - not that the Congress is an less despicable.
24 people like this.
Reply 2 - Posted by:
paral04 4/19/2021 4:01:48 PM (No. 759800)
Where does he plan to get the money for this? The budget is allocated by Congress with his approval. He has no authority to do this. Are his advisers all insane or just as incompetent as he?
30 people like this.
This is not "cancelling" the debt it is just taking from the people who incurred it and putting on the rest of the people who did not. Ask yourself if you should pay for your neighbor's child to go to college. That is the ultimate questiion here. Should the blue collar guy pay for the rich to go to school? Because honey that is what this is, just another transfer of wealth from the middle class to the rich and the fat cat universities that teach your children to hate themselves because they are American or white or Jewish or Asian or whatever the hated flavor of the month is.
23 people like this.
Reply 4 - Posted by:
Chiritwo 4/19/2021 4:08:19 PM (No. 759805)
Please pay me back for paying my children's way through college.
31 people like this.
Reply 5 - Posted by:
SALady 4/19/2021 4:09:34 PM (No. 759806)
Not-my-president Lyin' Joe biden isn't "exploring" anything!!!
He is a senile old coot that reads whatever his handlers hand him to read, or signs whatever his handlers put in front of him to sign. He doesn't have a clue what either of those things are, as is very common for someone in the late stages of dementia like him.
Oh, I have no doubt that his handlers are going to push the whole dictatorial thing as far as they can. What do they have to lose? Seriously, not-my-president Lyin' Joe biden has signed so many dictatorial decrees and nobody has done a damn thing to stop him. So why not try this one?!?!?!?
14 people like this.
So when can I expect a rebate of the $75K I spent for my children’s education?
21 people like this.
Reply 7 - Posted by:
gam 4/19/2021 4:14:41 PM (No. 759812)
I have a fairer way to handle this... On our tax returns have a separate box to check reading, I am willing to pay for the dumb mistakes of other people. Please charge me appropriately.
9 people like this.
Reply 8 - Posted by:
Sully 4/19/2021 4:17:21 PM (No. 759818)
What? I don't understand how people can even talk about this. Did Jefferson put that in the US Constitution? "A President may simply cancel any person's financial debt whenever he wishes."
????
15 people like this.
Reply 9 - Posted by:
jimincalif 4/19/2021 4:22:07 PM (No. 759820)
He better send me a check for $200,000. I put 4 kids thru college and did not have them take student loans. $50K each.
12 people like this.
Reply 10 - Posted by:
Starboard_side 4/19/2021 4:24:04 PM (No. 759822)
Not sure you can forgive a legally binding debt (I paid mine off on two separate occasions) without it being considered a taxable benefit (income) by the IRS.
Of course, what they're trying to do is buy the loyalty of all those they "helped" with their vote in future elections. That they'll feel obligate to vote democrat based on their debt forgiveness.
10 people like this.
Reply 11 - Posted by:
terrywhite 4/19/2021 4:34:35 PM (No. 759826)
Why limit to college loan debt? What don't you consider paying off my mortgage? What about my car payment or my credit card debt? What moral authority does the president claim that the government should pay for student loan debt, but not other kinds? Seems discriminatory to me.
17 people like this.
Reply 12 - Posted by:
Moritz55 4/19/2021 4:43:44 PM (No. 759837)
Let China pay for it. Or Hunter.
7 people like this.
Reply 13 - Posted by:
DVC 4/19/2021 4:46:01 PM (No. 759842)
He's not a king. He CANNOT just do any damned thing that he wants.
12 people like this.
Reply 14 - Posted by:
Heil Liberals 4/19/2021 4:46:55 PM (No. 759843)
Biden us Pervertus wipes his wrinkled arse with the Constitution. Always has, always will.
7 people like this.
Reply 15 - Posted by:
Rumblehog 4/19/2021 4:49:40 PM (No. 759850)
No Federal Budget, no problem!!
7 people like this.
Reply 16 - Posted by:
Bur Oak 4/19/2021 4:57:49 PM (No. 759858)
Let the universities pay off student debt out of their billion dollar endowments. They charge exorbitant tuition for worthless degrees.
Punishment for those that work hard, are thrifty, pay their debts, and save. The Fed has been punishing savers for years by keeping the interest rate at near zero.
9 people like this.
Reply 17 - Posted by:
Grounded 4/19/2021 5:02:45 PM (No. 759862)
Doing the math, this maxes out at 1.8 Trillion dollars if each debtor owed the full fifty grand. The actual number would probably be less, but we're still talking a considerable chunk of change. I'm sure when Joe Biden was the bought and paid for Senator of MBNA, any cancellation of any debt was a total non-starter.
5 people like this.
Reply 18 - Posted by:
Rumblehog 4/19/2021 5:05:26 PM (No. 759864)
I know people who took out student loans on their kids college only to buy the kid a brand new Chevy truck. He told me it was like "free money" at the time. Millions of kids spent that loan money on new TVs and apartment rent, NOT tuition.
Once again our bloated Federal sugar daddy rewards BAD behaviors from their great-grandchildren's income taxes.
5 people like this.
Reply 19 - Posted by:
Geoman 4/19/2021 5:09:57 PM (No. 759869)
This type of unilateral action by a president would appear to be a violation of the Antideficiency Act (Public Law 97-258), codified in 31 U.S.Code 1341 (1) (B) "...An officer of the U.S. Government or of the District of Columbia may not involve either government in a contract or obligation for the payment of money before an appropriation is made...; Doing so would appear to be a high crime or misdemeanor, as future "student loans" could not be offset by collections, requiring appropriations by Congress.
8 people like this.
Reply 20 - Posted by:
GoodDeal 4/19/2021 5:43:37 PM (No. 759888)
The King speaks, waves his hand, and it is so. Decree that student debt is paid in full and it is done so in the twinkling of an eye. But what about me???? No equal protection for those of us that paid for college 50 years ago?
3 people like this.
Reply 21 - Posted by:
downnout 4/19/2021 5:50:25 PM (No. 759896)
Poor AOC must be badgering president * to forgive college debt,. She still hasn’t paid hers.
3 people like this.
Reply 22 - Posted by:
bad-hair 4/19/2021 6:13:55 PM (No. 759913)
Don't cancel it moron, sell it back to the banks who had it until Obama came along. Knock down some of those trillions you're printing and let the rich bastids buy it.
3 people like this.
Reply 23 - Posted by:
bobn.t 4/19/2021 6:14:42 PM (No. 759914)
The Delaware Dunce - pandering for votes.
3 people like this.
Reply 24 - Posted by:
LanceLink1 4/19/2021 6:19:20 PM (No. 759917)
Well he should cancel my car loan then. What's the difference? I assumed the financial and legal obligation when I signed my name willingly on the contract. So I ask again - what's the difference? A contract is a contract.
Or are we abandoning all laws and legal proceedings now? And if so I don't need to pay for my car anymore. And if someone were to attempt to repossess it any action I take to defend my property is also beyond prosecution.
See how easy it is to slip into total anarchy!
4 people like this.
Reply 25 - Posted by:
privateer 4/19/2021 7:08:08 PM (No. 759974)
Why not call it: the Cloward-Piven Bankrupt America Royal Decree. So let it be written; so let it be done.
4 people like this.
Reply 26 - Posted by:
itsonlyme 4/19/2021 7:17:26 PM (No. 759994)
Secretary of Education Miguel Cardona
Let me guess
2 people like this.
Reply 27 - Posted by:
MickTurn 4/19/2021 7:23:30 PM (No. 760005)
Joe thinks he's King...it's that stupid!
1 person likes this.
Reply 28 - Posted by:
stablemoney 4/19/2021 7:38:26 PM (No. 760026)
Biden didn't lend them the money, so he is not going to be able to cancel the debt.
1 person likes this.
Reply 29 - Posted by:
anniebc 4/19/2021 8:19:51 PM (No. 760057)
Well, he is a king in his own addled, warped, sin-filled brain.
1 person likes this.
Reply 30 - Posted by:
Scout Finch 4/19/2021 11:22:12 PM (No. 760185)
So what happens to the seniors who graduated in June? Do they have to pay their tuition? What year does it end? Or does this become yet another “entitlement” in perpetuity?
1 person likes this.
Reply 31 - Posted by:
mifla 4/20/2021 6:44:57 AM (No. 760279)
FTA: "How much he can do legally". Huh? Since when are Dems worried about what is legal?
1 person likes this.
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