BREAKING: A federal judge has struck down Biden's student debt forgiveness program after a plaintiff filed suit alleging it was unfair to people who didn't qualify. But the plaintiff is a business owner who had $47,996 in PPP loans forgiven in 2020.https://t.co/xbes5n0XBZ
— Ken Klippenstein (@kenklippenstein) November 11, 2022
Everyone knew that “student loan forgiveness” was just a total hoax for the midterms.
No one in power actually wanted this to happen. The government is never going to give you anything but a tiny apartment in a mid-rise tenement and food made from bugs.
A federal judge in Texas struck down US President Joe Biden’s student loan forgiveness program on Thursday, ruling it unconstitutional. The ambitious initiative was a key factor in the Democratic Party’s success with young voters in the midterm elections held on Tuesday.
US District Judge Mark Pittman ruled that the program amounted to “one of the largest exercises of legislative power without congressional authority in the history of the United States.” Pittman’s decision puts the program on hold indefinitely, although the White House stated shortly afterwards that it intends to appeal.
Biden promised in August to cancel $10,000 in student debt for borrowers with an income of less than $125,000 per year, or $20,000 for lower-income borrowers who received federal Pell Grants to attend university. More than 40 million people were eligible to benefit, at a total cost to the taxpayer of $430 billion, the Congressional Budget Office estimated in September.
The student loan swindle was a complete scam run by the banks against low IQ peasants with dreams of lollipops and sugar canes dancing through marshmallow fields of plenty.
That said, a lot of the people who got scammed actually worked to pay these banks, and even more people didn’t take the bait in the first place. The only way it makes any sense to forgive these loans is to just make it a $10,000 gift to every American under the age of 40.
However, nothing like that is ever happening.
There is no benefit for the Democrats in even trying to do it now. They will come back with it again in two years, and dangle it in front of these lazy morons.