marketcrash
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debt forgiveness
03/01/2024
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By Ava Grace
Biden DID NOT wipe away debt via student loan forgiveness program – he only redistributed it to other taxpayers
President Joe Biden’s student loan “forgiveness” measures are making matters worse for other taxpayers. History has shown that attempts to “cure” a problem by exceeding the federal government’s constitutional powers generally lead to more and worse problems. The courts, in the exercise of what is called “equity jurisdiction,” have long excused borrowers from obligations incurred […]
02/27/2024
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By Laura Harris
Biden admin to WIPE OUT $1.2B in federal student loans under new plan – essentially vote-buying using taxpayer money
The Department of Education (ED) has announced the automatic discharge of $1.2 billion in federal student loan debt for 153,000 borrowers under a new income-driven repayment (IDR) plan from President Joe Biden. The Saving on A Valuable Education (SAVE) Plan seeks to provide relief to enrolled borrowers who have diligently made payments for at least 10 years and […]
01/10/2023
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By Arsenio Toledo
Supreme Court to hear two challenges against Biden’s student loan debt forgiveness plan
The Supreme Court has agreed to hear two challenges against President Joe Biden’s student loan relief program. Oral arguments are set to begin in February. Furthermore, the court has also agreed to keep in place a nationwide injunction set by a lower court of appeals preventing the student loan forgiveness program from taking effect for now. […]
11/15/2022
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By Ramon Tomey
Texas judge strikes down Biden’s student loan forgiveness plan
A federal judge struck down the student loan forgiveness plan put forward by President Joe Biden. Had the plan pushed through, hundreds of billions of dollars in student loans would be canceled – setting a disastrous precedent. District Judge Mark Pittman, a magistrate for the U.S. Northern District of Texas, nixed the plan in his Nov. 10 […]
09/29/2022
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By Arsenio Toledo
Biden administration SUED over student debt forgiveness plan
President Joe Biden’s administration has been hit with a lawsuit seeking to block his executive order canceling thousands of dollars in student debt. The lawsuit claims the student loan relief plan will increase taxes for everybody. Biden and Education Secretary Miguel Cardona revealed the White House’s plan to provide up to $20,000 in relief for people with […]
09/09/2022
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By Mary Villareal
Biden’s debt forgiveness plan is an open invitation for educational institutions to commit FRAUD
Most federal student loans are now eligible for income-based repayment plans under President Joe Biden’s student loan program. Under these plans, students will pay a small percentage of their discretionary income over a certain number of years. While these plans seem reasonable at first glance, lawyer and political analyst Matt Bruenig pointed out that they create perverse incentives. […]
08/31/2022
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By Roy Green
Biden’s plan to write off student loans using post-9/11 national emergency law is a form of political posturing
The intention may be noble, but the timing of the execution reeks of something unpleasant – especially with the midterm elections coming up. This was the common reaction of Americans to President Joe Biden’s plan to write off billions of student loans. The loan forgiveness plan – estimated to cost the federal government between $300 […]
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