YOU WANNA KNOW WHAT I THINK?

President Biden's action to forgive student debt is wrong on so many levels. 

* I'm supposed to pay $2,000 so that students who voluntarily took out student loans in order to obtain frivolous degrees [gender studies?] should be subsidized?

* I'm supposed to pay $2,000 so that students who used their student loans for other things besides tuition should be subsidized? 

* Students & parents who worked hard & sacrificed much to pay off their loans should be made to feel foolish for doing the right thing?

* Colleges & universities should be rewarded for encouraging students to take out loans, only to increase the cost of tuition?

Am I the only one who considers this to be a travesty?

"Biden student loan handout gives up to $20k to lawyers, doctors set to make hundreds of thousands of dollars." Fox News Online, 8/25

"Biden student loan handout to cost roughly $500B, according to Committee for a Responsible Federal Budget." Ditto

"White House officials stand to benefit from Biden student loan handout." Ditto

"Colleges that may benefit from Biden student loan handout have spent over $130M on lobbying since 2021." Ditto

"Biden to forgive $10k in student loans--in unrelated news, nation's colleges raise tuition by $10k." Babylon Bee

"Nancy Pelosi leading the charge for Biden administration to forgive bar tabs." Ditto

"White House silent on whether tax increases necessary to pay for $300,000,000,000 student loan handout." FNO 8/26.  Knock me over with a feather.

"Katrine Jean-Pierre says White House doesn't have 'real sense' of how much student loan handout will cost." Ditto. What I said.

"Biden White House fumbles basic questions on student loan handout, won't answer who will pay for it." Ditto

"Biden's student loan handout plan is a lawless power grab designed to buy votes." Ditto.

"Atlantic op-ed claims Biden student loan handout 'actually' will 'cut inflation.'" Ditto. They also explain how to invest in swampland in FL.

More debts Biden is cancelling, according to Babylon Bee

> All casino debt.

> Whatever you still owe on your iPhone 13.

> All your old Kohl's cash that expired.

> Your $458,000 hospital bill just to get your temperature checked.

> All the money you spent on DoorDash during the pandemic.

> The U.S. National Debt. (Unfortunately, China might have something to say about that.

WHAT MODERATE DEMOCRATS THINK

"Several moderate Democrats have criticized President Biden’s executive action that will “forgive” up to $10,000 in student debt for Americans making less than $125,000 per year and up to $20,000 for those who previously received a Pell Grant by transferring the debt to American taxpayers. Representative Jared Golden of Maine called the order “out of touch with what the majority of the American people want from the White House, which is leadership to address the most immediate challenges the country is facing.” Representative Tim Ryan, who is running for Senate in Ohio against J.D. Vance, warned the move could alienate Ohioans without a degree." Brittany Bernstein, National Review Online 8/25

BIDEN WANTS UNITY?

"On the menu today: There’s no sugarcoating it — President Biden just unilaterally decided to make taxpayers pick up the at-minimum $300 billion bill for unpaid student loans, a move that nearly 60 percent of Americans think will make inflation worse. Even a former Obama administration official characterizes it as “pouring roughly half [a] trillion dollars of gasoline on the inflationary fire.” But what’s so particularly galling is that this comes from a president who couldn’t stop telling us how much he was determined to unite us and end our angry divisions.

"I’m getting awfully sick and tired of political leaders telling us how much they want to unite the country, and then jamming through their unpopular agenda items by any means necessary. You can’t give grandiose speeches about how your preeminent priority is to bring Americans together, and then by executive order decide that taxpayers will be on the hook for $300 billion in unpaid student loans — a sum that comes out to about $2,000 per taxpayer — by invoking a post-9/11 law that allows for debt cancelation “in connection with a war or other military operation or national emergency.” This is a grotesque abuse of the authority of the executive branch; if the law stands, it will only be because the Supreme Court can’t decide who has the legal standing to challenge the decision." Jim Geraghty, NRO 8/25

WRONG, WRONG, WRONG

"After about a year and a half of online harassment from the sliver of the population for whom this policy is beneficial, Biden has allowed himself to be bullied into violating the Constitution on their behalf. Even Nancy Pelosi has said the president doesn’t have the power to forgive student debt. His staff, which collectively owes millions in student debt, will no doubt be happy. But the presidency is the one office for which the entire country votes, and for it to be captured by a progressive fringe is a travesty.

“Student loan relief” — again, not really. “Relief” implies the disappearance of a malady, but this is merely a transference. Biden’s student-loan plan will cost about $2,000 per taxpayer. It completely erases the purported (and exaggerated) deficit reduction of the reconciliation bill Biden signed just over a week ago.

"Biden is effectively telling all the people who didn’t go to college, those who went to college but didn’t borrow money, and those who went to college and already paid off their loans that they are suckers. The lucky few who just so happen to have student debt at this arbitrary moment get a windfall at the expense of everyone else." The Editors, NRO 8/25

DEBACLE

"It’s hard to top President Joe Biden’s Afghan withdrawal for reckless policy-making, but his student-loan-forgivenessscheme is a contender for his second-worst decision. Based merely on his say-so, with no credible congressional authorization, Biden is going to forgive $10,000 in student debt for individuals with incomes below $125,000 or household incomes below $250,000. Those who received a Pell Grant are eligible for $20,000 in relief.

"Forgiveness is a sop to a narrow class of people. It is unfair to people who haven’t gone to college, predominantly lower income. It is unfair to people who did go to college and didn’t take on loans. It is unfair to people — not realizing that their loans might go away if they held out long enough — who foolishly repaid their loans. It is unfair to people who will take a loan the day after the forgiveness goes into effect. In short, the loan forgiveness is an arbitrary giveaway in a country where fewer than 40 percent of people have a four-year college degree." Rich Lowry, National Review Online

TRULY DEPLORABLE

"President Joe Biden's new plan to "cancel" up to $10,000 in student loan debt for those making less than $125,000 annually is at once a dereliction of constitutional duty, a crass political gambit in the lead-up to a contested midterm election and a morally perverse value judgment that lavishes The Regime's insular, well-heeled voting base at the expense of the median middle-class American. It is, to borrow a term in vogue in Democratic Party circles these days, a truly "deplorable" act." Josh Hammer, Townhall

AN ABUSE OF POWER

"No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law." That's what it says right there in the Constitution. And yet, without any legislation, President Joe Biden now promises to "cancel" up to $10,000 in student loans per borrower ($20,000 for Pell Grant borrowers), limited to those with annual incomes of less than $125,000.

"Let's start by pointing out that Biden isn't "canceling" or "forgiving" any student loans. Those are preposterous euphemisms favored by Democrats and the media. The debt in question already exists, it has been lent and spent, and those who borrowed the money of their own volition have already received services. This debt isn't cancelable . . . 

"Now, of course, even if the student loan "forgiveness" was a boon for the poor, it would still be completely unconstitutional, a moral hazard, counterproductive and fundamentally unjust. But Biden's plan -- which is going to cost taxpayers around $300 billion, more than all the illusory "savings" that were going to be found in the Inflation Reduction Act -- is little more than a vote-buying scheme for affluent millennials . . . 

"Not long ago, Biden admitted he didn't have the authority to "cancel" student loans "by signing with a pen." Now his administration is rationalizing this power grab on the feeble idea that we are in a national emergency over COVID. Part of me suspects that the administration understands that the president can't "forgive" debt, and that the effort will be stymied by any Supreme Court that adheres to the Constitution. Democrats likely see the issue as a cudgel they can use to further delegitimize the Supreme Court and hit Republicans as opposing aid of the "middle class." There is no norm this administration isn't willing to cynically destroy for political power." David Harsanyi, Townhall