The U.S. Supreme Court ruled that Democrats and the Biden administration cannot move forward with its student loan debt handout program.
The judges agreed in a 6-3 decision that the federal law forbids the secretary of education to cancel more than $430 billion in student loan debt.
In open defiance of the law, the U.S. Department of Education announced it “will begin notifying more than 804,000 borrowers that they have a total of $39 billion in Federal student loans that will be automatically discharged in the coming weeks.” POLL: Is Joe Biden Fit to be President? Results Are In…
“For far too long, borrowers fell through the cracks of a broken system that failed to keep accurate track of their progress towards forgiveness,” U.S. Secretary of Education Miguel Cardona said. “Today, the Biden-Harris Administration is taking another historic step to right these wrongs and announcing $39 billion in debt relief for another 804,000 borrowers.”
“By fixing past administrative failures, we are ensuring everyone gets the forgiveness they deserve, just as we have done for public servants, students who were cheated by their colleges, and borrowers with permanent disabilities, including veterans,” Cardona added. “This Administration will not stop fighting to level the playing field in higher education.”
In the Supreme Court’s ruling, Chief Justice John Roberts wrote, “The Secretary’s plan canceled roughly $430 billion of federal student loan balances, completely erasing the debts of 20 million borrowers and lowering the median amount owed by the other 23 million from $29,400 to $13,600.”
Biden remained defiant amid the ruling, saying “I will stop at nothing to find other ways to deliver relief to hard-working middle-class families.”
Vice President Kamala Harris also doubled-down on the student loan bailout. Harris said she and Biden “are committed to delivering relief to student loan debt borrowers to help them move forward with their lives — whether they want to start a family, buy a home, or become an entrepreneur.” Trending: Disney Just Pulled A Bud Light…
“We will not stop there,” she continued. “Last month, President Biden announced we are pursuing an alternative path to provide relief through the Higher Education Act, and we finalized our new income-driven repayment plan — which will cut monthly payments in half for undergraduate loans. Our Administration will continue to fight to make sure Americans can access high-quality postsecondary education without taking on the burden of unmanageable student loan debt.”
Fox News host Greg Gutfeld hammered the idea of American taxpayers covering student loan debt, calling it “disgusting.”
“You’re getting American taxpayers to pay for a gift that benefits Democrats who don’t need it,” he said. “This isn’t like welfare or unemployment or food stamps. It’s a gift that you and I pay that is given to upper-class white art history majors who can then spend that money they would’ve spent on the loan on holidays in the Hamptons.”
“Why send your kids to college, your loving kids to college when they return turning against you and biology. You’re actually ruining brains. All the people who paid off their student loans and they probably worked nights to do it, this is a slap in their face,” the Fox News host explained.
“This is like being at a restaurant and ordering your dessert and then eating it and paying for it and then suddenly they announce a pie eating contest,” he added. “My solution is if you want to forgive that stupid debt, take it from the colleges since they’ve tripled the tuition the last 30 years and their education sucks.”
“Do not take it with us because I swear to God you will see a real insurrection. You are actually stealing money. You are stealing money from people and giving it to people. This is redistribution, but it’s not even going to the poor. He’s actually taking money from people to bribe people to vote for him. This is a moral wrong. This is the worst thing.”
“Every time I think about this it makes me so angry. It’s actual theft. They think they can get away with it by saying ‘Oh, it’s only ten grand here. It’s only this. Oh, these students, they can’t afford it.’ They can afford it. If you can afford a car payment, you can afford your college payment. It’s roughly the same,” Gutfeld concluded.
